With reference to the Prime Minister's Employment Generation Programme (PMEGP), consider the following statements: 1. It aims to generate employment opportunities through the establishment of micro-enterprises in rural and urban areas. 2. Khadi and Village Industries Commission (KVIC) is responsible for implementing PMEGP at the national level. 3. The scheme offers beneficiaries financial assistance through direct cash transfers. 4. It offers higher subsidies for government employees. How many of the statements given above are correct? |ForumIAS

Q. With reference to the Prime Minister’s Employment Generation Programme (PMEGP), consider the following statements:
1.It aims to generate employment opportunities through the establishment of micro-enterprises in rural and urban areas.
2.Khadi and Village Industries Commission (KVIC) is responsible for implementing PMEGP at the national level.
3.The scheme offers beneficiaries financial assistance through direct cash transfers.
4.It offers higher subsidies for government employees.
How many of the statements given above are correct?

[A] Only one

[B] Only two

[C] Only three

[D] All four

Answer: B

Notes:

Explanation –

Statements 1 and 2 are correct. PMEGP is designed to create jobs by setting up micro-enterprises in both rural and urban regions of India. KVIC acts as the nodal agency for implementing PMEGP across India.

Statements 3 and 4 are incorrect. PMEGP provides financial assistance in the form of a subsidy on project costs, which is given through banks as part of a credit-linked subsidy scheme. The scheme provides higher subsidies for special categories such as SC/ST, OBC, minorities, women, ex-servicemen, and those in the northeastern region.

Source: AIR

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