GOVT. TO GENERATE MORE EMPLOYMENT
OPPORTUNITIES UNDER REGP SCHEME
The Government through
Khadi and Village Industries Commission (KVIC) is implementing
the Rural Employment Generation Programme (REGP) for the promotion
and development of agro and rural industries. During the Tenth
Plan a sum of Rs. 2159.52 crores has been allocated the KVIC for
the development of Khadi and village industries including cottage
industries in the country. The target set for the 10th
Plan under the REGP is to generate two million additional employment
opportunities with a total allocation of Rs. 1250 crores in the
country. A total number of 1,61,505 agro and rural industries
projects have been financed and set up in the country by the Khadi
and Village Industries Commission under the REGP as on 31st
March, 2003. The target for the current year is for the setting
up of 25,253 projects, which would generate 3,96,457 additional
employment opportunities under the REGP.
. Under this
scheme, the KVIC provides margin money assistance at the rate
of 25% of the project cost upto Rs. 10 lakhs and for the project
above Rs. 10 lakhs and upto 25 lakhs, rate of margin money is
25% of Rs. 10 lakhs plus 10% on remaining cost of the project.
In the case of SC/ST/OBC/Women/Physically Handicapped/Ex-servicemen
and Minority Community beneficiary/institution and for hill border
and tribal areas, north eastern region, Sikkim, Andaman &
Nicobar Islands, Lakshadweep, the margin money grant is 30% of
the project cost upto Rs. 10 lakhs but above this amount and upto
Rs. 25 lakhs, it is 30% of Rs. 10 lakhs plus 10% of the remaining
cost of the project. Under this scheme, the beneficiary’s contribution
is 10% of the project cost. In case of SC/ST and other weaker
sections, beneficiary’s contribution is 5% of the project cost.
This scheme is being implemented through Public Sector Banks,
Regional Rural Banks etc.
This information
was given by Minister of Agro and Rural Industries, Shri Sangh
Priya Gautam in written reply to a question in Rajya Sabha today.
