In order to promote women entrepreneurship by setting up micro, small and medium enterprises in the rural and urban areas across the country through Khadi & Village Industries Commission (KVIC) and Coir Board, the Ministry of Micro, Small and Medium Enterprises is implementing schemes for imparting training and financing women entrepreneurs.
KVIC conducts skill development and Entrepreneurship Development Programme (EDP) to encourage participation of women, it offers free training to women under skill development programme.
The Ministry is implementing Prime Minister’s Employment Generation Programme (PMEGP), a major credit-linked subsidy scheme since 2008-09, to promote and set up micro, small and medium enterprises and to generate employment in rural and urban areas of the country. The maximum cost of the project under PMEGP scheme is Rs 25 lakhs for manufacturing sector units and Rs10 lakhs for units under service sector.
Under the scheme, the women entrepreneurs are provided 25 percent and 35 percent subsidies for the project set up in urban and rural areas respectively. For women beneficiaries, own contribution is only 5 percent of the project cost while for general category it is 10 percent.
All the entrepreneurs including women are eligible for two weeks Entrepreneurship Development Programme (EDP) after the sanction of their projects from banks for financial assistance to set up their units and also imparting training under EDP.
This information was given by the Minister of State, Micro, Small and Medium Enterprises, Giriraj Singh in a written reply to a question in the Lok Sabha today.