Question
Download Solution PDFPrime Minister's Employment Generation Program (PMEGP) scheme was launched by which ministry of the Government of India?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct option is Ministry of Micro, Small and Medium Enterprises.Key Points
- The Pradhan Mantri Rozgar Srijan Yojana (PMEGP) scheme was initiated by the Ministry of Micro, Small and Medium Enterprises (MSME).
- The PMEGP is a credit-linked subsidy scheme launched by the Indian government in 2008 to provide financial assistance to entrepreneurs setting up micro-enterprises in the manufacturing and service sectors.
Additional Information
- The Ministry of Micro, Small and Medium Enterprises (MSME) is a branch of the Government of India that is responsible for the promotion and development of micro, small and medium enterprises in the country.
- The MSME ministry was established in 2007 and is headed by a Cabinet Minister.
- The ministry provides various schemes and programs to promote entrepreneurship and support the growth of small businesses in India.
- Some of the other schemes initiated by the MSME ministry include the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), National Manufacturing Competitiveness Programme (NMCP), and the Entrepreneurship Development Programme (EDP).
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