Current Affairs · Government Employment Schemes
Regarding the Prime Minister's Employment Generation Programme (PMEGP): Statement I: The maximum cost of a project or unit admissible for subsidy under the manufacturing sector is 50 lakh, while for the service sector, the maximum project cost is 20 lakh. Statement II: The subsidy rate provided under PMEGP is differentiated based on the location of the unit, with projects in rural areas receiving a higher subsidy of 35 percent for special categories and 25 percent for the general category. Statement III: For an existing PMEGP unit to apply for a second loan for expansion, the project cost must be within 1 crore for manufacturing and 25 lakh for services, with a uniform subsidy of 15 percent for all categories. Which of the statements given above 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
I, II and III
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