The flagship Prime Minister Employment Generation Program (PMEGP) implemented by Khadi and Village Industries Commission (KVIC) progressed at a much rapid pace. Khadi and Village Industries Commission (KVIC), has approved and forwarded 1.03 lakh project applications to the financing banks as compared to 71,556 projects during the corresponding period last year and thus registering a jump of 44%.
Daily Current Affairs Quiz 2020
Key-Points
PMEGP is the flagship employment generation program of the Central government and KVIC is the nodal agency for implementing the scheme.
The Ministry on April 28, this year amended the guidelines to do away with the role of the District Level Task Force Committee (DLTFC) in approving the PMEGP projects.
The role of DLTFC, headed by the District Collectors, was time consuming. As such, the swift execution of projects under PMEGP and KVIC was demanding doing away with the same as this important scheme required greater priority.
The faster implementation of PMEGP projects this year assumes greater significance as the entire country was under lockdown for most part of these five months.
The higher number of projects also signifies the government’s resolve to create self-employment and sustainable livelihood for the people by promoting local manufacturing.
