General Knowledge · Government Schemes
Consider the following statements regarding the Prime Minister's Employment Generation Programme (PMEGP): Statement I: The maximum cost of the project/unit admissible under the manufacturing sector is 50 lakh and under the business/service sector is 20 lakh. Statement II: For a General Category applicant in an urban area, the rate of subsidy (Margin Money) is 25 percent of the project cost, provided through KVIC. Statement III: The balance amount of the project cost, after accounting for the beneficiary's own contribution and the subsidy, is provided by the bank as a term loan. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III
- 3Only I and II
- 4Only I✓
Correct answer
Only I
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