Question

Which of the following benefits will result from PM Employment Generation Programme?
1. Promotion of self-employment
2. Arrest migration of rural youth to urban areas
3. Improve wages of traditional sectors
Select the correct option using the codes given below.

• A. 1 and 2
• B. 2 and 3
• C. 1 and 3
• D. 1, 2 and 3

Answer 1

Answer: (D)

1, 2 and 3

PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises. It is a credit linked subsidy programme formed by by merging the two schemes namely Prime Minister's Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP).

Objectives:

(i) To generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures/projects/micro enterprises.

(ii) To bring together widely dispersed traditional artisans/ rural and urban unemployed youth and give them self-employment opportunities to the extent possible, at their place thus reducing migration to urban areas.

(iii) To provide continuous and sustainable employment to a large segment of traditional and prospective artisans and rural and urban unemployed youth in the country, so as to help arrest migration of rural youth to urban areas.

(iv) To increase the wage earning capacity of artisans and contribute to increase in the growth rate of rural and urban employment.