Self-employment Programmes:
Prime Minister's Employment Generation Programme (PMEGP): Ministry of Micro, Small and Medium Enterprises (MSME) has launched a new Credit- linked Subsidy Programme called PMEGP, by merging earlier two Schemes namely, Prime Minister's Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP), for generation of employment opportunities for first generation entrepreneurs through establishment of micro enterprises in rural as well as urban areas.
The Khadi and Village Industries Commission (KVIC) is acting as Nodal Agency at the National level for implementation of the Scheme. At the State level, the Scheme is being implemented through 3 Agencies; namely, State KVIC Office, Tripura Khadi and Village Industries Board
(TKVIB) and the District Industries Centre (DICs). The subsidy is routed by the implementing agencies through the nodal bank branches.
In certain respects, norms for PMEGP are more liberal than erstwhile PMRY and REGP Schemes. The ceiling for total Project Cost under PMEGP is Rs. 25 lakhs for manufacturing sector and Rs. 10 lakhs for service / Business sector. The rate of subsidy is 25 percent for urban areas and 35 percent for rural areas. The own contribution of beneficiary required under the Scheme is 5 percent only. There is no income ceiling for assistance under the Scheme. The requirement of minimum qualification of Class-VIII passed in only for project with total cost above Rs.10 lakhs in manufacturing sector and above Rs.5 lakhs in service/ business sector. SHGs are also eligible for assistance.
However, certain categories of economic activities are not eligible for assistance under the Scheme. Such activities include (i) Rural Transport (except CNG auto rickshaws) (ii) Industry/ Service connected with Cultivation of Crop/ Plantations (iii) Industry/ Service connected with Meat, Tobacco and Intoxicants etc.
Status of PMEGP in the State till 2015-16:
Year | Target | Sponsored | Sanctioned | Disbursed | |||
No. | Amount | No. | Amount | No. | Amount | ||
2008-09 | 393 | 377 | 1687.59 | 42 | 147.24 | 22 | 73.01 |
2009-10 | 393 | 937 | 3392.62 | 446 | 1709.32 | 386 | 1340.46 |
2010-11 | 1000 | 1901 | 8725.96 | 1041 | 4753.32 | 947 | 3859.22 |
2011-12 | 1500 | 3084 | 13505.53 | 1648 | 7097.41 | 1545 | 5858.87 |
2012-13 | 1500 | 4191 | 20013.70 | 1678 | 7663.69 | 1587 | 6165.71 |
2013-14 | 1500 | 4276 | 21925.01 | 1572 | 7720.33 | 1477 | 5259.94 |
2014-15 | 1500 | 4474 | 24959.15 | 1447 | 7109.63 | 1358 | 4690.57 |
2015-16 | 1500 | 3947 | 21214.95 | 1371 | 6652.01 | 1221 | 4647.77 |
Total | 9286 | 23187 | 115424.51 | 9245 | 42852.95 | 8543 | 31895.55 |
Swabalamban: Swavalamban is a Self-employment Generation Programme (SEGP) initiated by the State Government with the objective to ensure the gainful self-employment. The Programme was initially launched in July 2001, but has since been expanded in its scope in 2005-06. A Swavalamban Society has been constituted for effective implementation of the Programme. The SHGs component of the Programme is being implemented through State Rural Development Department and the Self-employment Programme (SEP) component is being implemented by Industries & Commerce Department through the DICs. The main components of the Programme are Skill Up gradation and Financial Supports.
For financial assistance under Swavalamban, on project cost the borrower's contribution should be minimum 5 percent. The subsidy admissible is 30 percent of the Project Cost, for women would be 35 percent, to ceiling of Rs.65,000 per case for all cases. The State Government has enhanced the quantum of subsidy under Swavalamban programme to Rs.75,000/- keeping the percentage of subsidy same as 30 percent of the project cost ( for women it would be 35 percent) effecting during the year 2016-17 and onwards.
Source: Economic Review of Tripura 2015-16