MAJOR GOVERNMENT SPONSORED PROGRAMMES OF THE CENTRAL GOVT.
- Prime Minister Employment Generation Scheme (PMEGP)
- Deendayal Antyoday Yojana-National Rural Livelihood Mission (DAY-NRLM)
- Deendayal Antyoday Yojana-National Urban Livelihood Mission (DAY-NULM)
- Pradhan Mantri Mudra Yojana (PMMY)
- PM SVANidhi
- Stand-Up India
- PM Vishwakarma Scheme
Prime Minister Employment Generation Scheme (PMEGP)
Government of India has approved the introduction of a new credit linked subsidy programme called Prime Minister’s Employment Generation Programme (PMEGP) by merging the two schemes that were in operation till 31.03.2008 namely Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) for generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas. PMEGP will be a central sector scheme to be administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME). At the State level, the Scheme will be implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs) and District Industries Centres (DICs) and banks.
- Khadi and Village Industries Commission (KVIC)
- State level: State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs) and District Industries Centres (DICs) and banks.
Quantum and Nature of Financial Assistance
- The maximum cost of the project/unit admissible under manufacturing sector is Rs. 25 lakhs.
- The project/unit admissible under business/service sector is Rs. 10 lakhs.
Deendayal Antyoday Yojana-National Rural Livelihood Mission (DAY-NRLM)
Aajeevika – National Rural Livelihoods Mission (NRLM) was launched by the Ministry of Rural Development (MoRD), Government of India in June 2011.NRLM is the flagship program of Govt. of India for promoting poverty reduction through building strong institutions of the poor, particularly women, and enabling these institutions to access a range of financial services and livelihoods services.
The DAY-NRLM is the flagship program of Govt. of India for promoting poverty reduction through building strong institutions of the poor, particularly women, and enabling these institutions to access a range of financial services and livelihoods. DAY-NRLM adopts a demand driven approach, enabling the States to formulate their own State specific poverty reduction action plans. The blocks and districts in which all the components of DAY-NRLM would be implemented, either through the SRLMs or partner institutions or NGOs, would be the intensive blocks and districts, whereas remaining would be non-intensive blocks and districts.
Deendayal Antyoday Yojana-National Urban Livelihood Mission (DAY-NULM)
The Ministry of Housing & Urban Poverty Alleviation has launched a National Urban Livelihoods Mission (NULM). This has replaced the existing SJSRY from the beginning of the 12th Five Year Plan. NULM would be target-oriented with specific focus on the primary issues pertaining to urban poverty such as skill up-gradation, entrepreneurship development and employment creation through wage employment and self-employment opportunities opened up by the emerging markets in urban areas.
To reduce poverty and vulnerability of the urban poor households by enabling them to access gainful self-employment and skilled wage employment opportunities, resulting in an appreciable improvement in their livelihoods on a sustainable basis, through building strong grassroots level institutions of the poor. The mission would aim at providing shelters equipped with essential services to the urban homeless in a phased manner. In addition, the mission would also address livelihood concerns of the urban street vendors by facilitating access to suitable spaces, institutional credit, social security and skills to the urban street vendors for accessing emerging market opportunities.
For more details: https://nulm.gov.in/
Pradhan Mantri Mudra Yojana (PMMY)
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in . Under the aegis of PMMY, MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.
For more details: https://www.mudra.org.in/
Street vendors represent a very important constituent of the urban informal economy and play a significant role in ensuring availability of the goods and services at affordable rates at the door-step of the city dwellers. They are known as vendors, hawkers, thelewala, rehriwala, theliphadwala etc. in different areas/ contexts. The goods supplied by them include vegetables, fruits, ready-to-eat street food, tea, pakodas, breads, eggs, textile, apparel, footwear, artisan products, books/ stationary etc. The services include barber shops, cobblers, pan shops, laundry services etc. The COVID-19 pandemic and consequent lockdowns have adversely impacted the livelihoods of street vendors. They usually work with a small capital base and might have consumed the same during the lockdown. Therefore, there is an urgent need to provide credit for working capital to street vendors to resume their business.
Ministry of Housing and Urban Affairs (MoHUA) has launched Prime Minister Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) Scheme on June 01, 2020 with the aim to facilitate collateral free working capital loan to street vendors to restart their businesses, which were adversely impacted by the COVID-19 pandemic. The scheme has the following objectives;
- Facilitate collateral free working capital loan upto ₹10,000, of 1 year tenure, with enhanced loan of ₹20,000 and ₹50,000 in the second and third tranches respectively, on repayments of earlier loans.
- Incentivize regular repayment, through interest subsidy @ 7% per annum; and
- Reward digital transactions, by way of cash back upto ₹1,200 per year.
Under PM SVAnidhi Scheme, initially working capital loan of upto ₹ 10,000 was introduced. Considering requirement for enhanced loan, 2nd loan upto ₹ 20,000 w.e.f. 9.04.2021 and 3rd loan upto ₹ 50,000 w.e.f. 1.06.2022 were also introduced.
For more details : https://pmsvanidhi.mohua.gov.in/Home/Schemes
Stand-Up India Scheme for financing SC/ST and/or Women Entrepreneurs.
The objective of Stand-Up India scheme is to facilitate bank loans between 10 lakhs and 1 crores to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one women borrower per bank branch for setting up a greenfield enterprise. The enterprise may be in manufacturing, services, agri-allied activities or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.
Nature of Loan :-
Composite Loan (inclusive of term loan and working capital) between 10 lakhs and upto 100 lakhs or 1 crores.
Purpose of Loan :-
For setting up a new enterprise in manufacturing, services, agri-allied activities or the trading sector by SC/ST/Women entrepreneur.
For more details : https://www.standupmitra.in/
PM Vishwakarma Scheme
On 16.08.2023, Cabinet Committee on Economic Affairs chaired by Hon’ble Prime Minister Shri Narendra Modi approved a new Central Sector Scheme “PM Vishwakarma” with a financial outlay of Rs.13,000 crore for a period of five years (FY 2023-24 to FY 2027-28). The scheme aims to strengthen and nurture the Guru-Shishya parampara or family-based practice of traditional skills by artisans and craftspeople working with their hands and tools. The scheme also aims at improving the quality, as well as the reach of products and services of artisans and craftspeople and to ensure that the Vishwakarmas are integrated with the domestic and global value chains.
Under PM Vishwakarma scheme, the artisans and craftspeople will be provided recognition through PM Vishwakarma certificate and ID card, Credit Support upto Rs.1 lakh (First Tranche) and Rs.2 lakh (Second Tranche) with a concessional interest rate of 5%. The Scheme will further provide Skill Upgradation, Toolkit Incentive, Incentive for Digital Transactions and Marketing Support.
The scheme will provide support to artisans and craftspeople of rural and urban areas across India. Eighteen traditional trades will be covered in the first instance under PM Vishwakarma. These trades include:
(i) Carpenter (Suthar)
(ii) Boat Maker
(iv) Blacksmith (Lohar)
(v) Hammer and Tool Kit Maker
(vii) Goldsmith (Sonar)
(viii) Potter (Kumhaar)
(ix) Sculptor (Moortikar, stone carver), Stone breaker
(x) Cobbler(Charmkar)/ Shoesmith/Footwear artisan
(xi) Mason (Rajmistri)
(xii) Basket/Mat/Broom Maker/Coir Weaver
(xiii) Doll & Toy Maker (Traditional)
(xiv) Barber (Naai)
xv) Garland maker (Malakaar)
(xvi) Washerman (Dhobi)
(xvii) Tailor (Darzi)
(xviii) Fishing Net Maker
For more Details: https://pmvishwakarma.gov.in/