Southern States receive subsidy of ₹116 crore from KVIC

The Khadi and Village Industries Commission (KVIC) has disbursed margin money subsidy of ₹300 crore to 11,480 service sector beneficiaries across the country, under the Prime Minister’s Employment Generation Programme (PMEGP) through a virtual event held on June 17.

In the southern States of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala and Puducherry, a subsidy of ₹116 crore was disbursed covering 4,565 projects, with loans of more than ₹343 crore sanctioned for these projects, according to a statement issued by KVIC, on Thursday.

Since its inception in the financial year 2024-25, the PMEGP has become a pillar of entrepreneurship and self-reliance in rural and urban India, the release added.