Which state government has decided to launch the Chief Minister’s Employment Generation Programme for MSMEs?

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Hena Gupta 2 months 1 Answer 41 views Intermediate 0

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  1. Maharashtra

    The Maharashtra government has decided to launch the Chief Minister’s Employment Generation Programme for Micro, Small and Medium Enterprises (MSMEs), which will create 10 lakh jobs in the next five years. The flagship program of the Industries Department will have 30% reservation for women entrepreneurs. The scheme will be implemented on the lines of the Prime Minister’s Employment Generation Programme (PMEGP) with online applications and other procedures. This scheme is for promoting entrepreneurship and address unemployment issues. It will cover manufacturing, service, and agro-based activities, including those in retail. The nodal bank for the program will be Corporation Bank and nationalized and private Sector banks will finance beneficiaries like Yes Bank, ICICI Bank, and HDFC Bank. To supplement this program, 50 new industrial parks will be developed at the taluka level by the government.

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