KVIC and Department of Posts Sign MoU to Enhance PMEGP Implementation
| Aspect | Details |
|---|---|
| Event | MoU signed between KVIC (Ministry of MSME) and Department of Posts (Ministry of Communications) |
| Date | August 20 |
| Location | KVIC, Rajghat New Delhi office |
| Attendees | Chairman KVIC Shri Manoj Kumar, Jt Secretary MSME Shri Vipul Goyal, CEO KVIC Shri Vatsalya Saxena, General Manager Dept of Posts Ms. Manisha Bansal Badal |
| Signatories | Dr. Amanpreet Singh (Dept of Posts) and Shri Rajan Babu (KVIC) |
| Purpose of MoU | Physical verification of new units under PMEGP by Postal Department employees and training of Postal staff by KVIC |
| Key Benefits | Utilization of 1,65,000 post offices (139,067 rural) for faster physical verification and subsidy settlement |
| PMEGP Margin Money Subsidy | Rs 25,563.44 crore distributed against loans of Rs 69,021.29 crore; Rs 3,093 crore in 2023-24 |
| Employment Generation (2023-24) | 9.80 lakh entrepreneurs employed |
| Turnover of Khadi & Village Industries | Crossed Rs 1.55 lakh crore for the first time in independent India, 5-fold increase in sales, 4-fold increase in production in 10 years |
| PMEGP Achievement | Supported 9.69 lakh projects, generated employment for 84.64 lakh entrepreneurs since inception |
| New Jobs Created | 10.17 lakh new jobs in the sector |