Khadi and Village Industries Commission (KVIC), Ministry of Micro, Small and Medium Enterprises, Government of India disbursed margin money subsidy of Rs 300 crore to 8794 beneficiaries across the country through virtual mode program organized on Tuesday under the Prime Minister’s Employment Generation Programme (PMEGP). This disbursement was made against loan sanction of about Rs 884 crore. The event was held at KVIC Central Office, Irla Road, Vile Parle (West), Mumbai, wherein KVIC Chairman Shri Manoj Kumar released the subsidy to the beneficiaries through virtual mode. KVIC CEO Ms. Roop Rashi along with other senior officers of the Central Office were present on the occasion.
On the occasion of the disbursement program, Chairman Shri Manoj Kumar opined, "Under the visionary leadership and guidance of Prime Minister Shri Narendra Modi, PMEGP scheme has presently created a strong and effective base of self-employment in India. Khadi and Village Industries is not just a product today, but it is the essence of vision of Aatmanirbhar Bharat. This scheme has not only provided employment to lakhs of youth, but has also connected them with the power of entrepreneurship."