Maharashtra Flagship Schemes for MSMEs to generate 10 lakh jobs

MSMEs

Maharashtra government will soon launch the executive Minister’s Employment Generation Program for Micro, Small and Medium Enterprises (MSMEs), for you to create 10 lakh jobs within the next 5 years, a senior official mentioned right here Tuesday. The flagship program of the Industries department will have 30 percent reservation for women entrepreneurs, state progress Commissioner (Industries) Dr. Harshadeep Kamble told PTI.

The senior IAS officer stated the scheme, approved with the aid of Chief Minister Devendra Fadnavis, envisages developing one lakh items in 5 years, 40 percent of them in rural areas. Kamble mentioned this year’s target is set up of 10,000 micro-ventures to be installed via first-iteration entrepreneurs.

The scheme can be implemented on the traces of the Prime Minister’s Employment Generation Programme (PMEGP) with online purposes and other strategies, the bureaucrat said. This scheme is for promoting entrepreneurship and to address unemployment problems among expert unemployed teens, Kamble stated.

It is going to furnish convenient economic assistance as a viability gap funding for an accredited venture price of as much as Rs 50 lakh for manufacturing pursuances and up to Rs 10 lakh for provider sector hobbies, he brought. The program will cover manufacturing, carrier and agro-situated hobbies, together with those in retail, stated Kamble, who used to be accountable for the proposal, design, and approvals of the scheme of education to implementation stages.

The nodal bank for the program can be corporation bank and beneficiaries will likely be financed via nationalized and exclusive Sector banks like a sure financial institution, ICICI Bank and HDFC Bank, he said. To supplement this program, 50 new industrial parks might be developed on taluka stage with the aid of the government, Kamble said. Considering that the high demand for jobs, this program for MSMEs is expected to be a “game changer” within the coming days, stated by another official.

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