KVIC Disburses Rs 3 Billion in Subsidies via PMEGP

18 Jun 2025 CW Team

Chairman Kumar remarked that under Prime Minister Narendra Modi’s leadership, PMEGP has become a powerful tool for fostering employment and self-reliance in India’s villages. He described the scheme as more than financial assistance—calling it a social movement connecting youth, women, and artisans with entrepreneurship opportunities.

Subsidies were distributed across six regions:

Central Zone (Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Uttarakhand): Rs 720 million for 2,403 projects, against Rs 2.18 billion in loans.
East Zone (Bihar, Jharkhand, Odisha, West Bengal, Andaman & Nicobar Islands): Rs 220 million for 996 projects, with loans of Rs 710 million.
North Zone (Punjab, Haryana, Himachal Pradesh, J&K, Ladakh, Rajasthan, Chandigarh): Rs 610 million for 2,713 projects, alongside Rs 1.84 billion in loans.
Northeast Zone (Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura): Rs 20 million for 81 projects.
South Zone (Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala, Puducherry): Rs 1.16 billion for 4,565 projects, matched with Rs 3.43 billion in loans.
West Zone (Maharashtra, Gujarat, Goa): Rs 260 million for 722 projects, alongside Rs 820 million in loans.

Since inception, the PMEGP scheme has supported the creation of over 1.018 million micro-enterprises, securing loans of Rs 733.48 billion and subsidy assistance of Rs 271.66 billion. The programme has generated direct and indirect employment for more than 9 million people, making it a flagship initiative in promoting self-employment and rural entrepreneurship.

This latest round of subsidy disbursement reaffirms KVIC’s pivotal role in catalysing economic development at the grassroots level. By empowering underserved communities with financial and institutional support, the PMEGP continues to realise the vision of a self-reliant and economically vibrant India.

The Khadi and Village Industries Commission (KVIC) has disbursed Rs 3 billion in margin money subsidies to 11,480 service-sector beneficiaries across India under the Prime Minister’s Employment Generation Programme (PMEGP). This move follows the sanctioning of loan amounts totalling Rs 9.06 billion. The online disbursement was initiated on 17 June 2025 by KVIC Chairman Manoj Kumar, along with senior officials, from the Rajghat office in New Delhi.Chairman Kumar remarked that under Prime Minister Narendra Modi’s leadership, PMEGP has become a powerful tool for fostering employment and self-reliance in India’s villages. He described the scheme as more than financial assistance—calling it a social movement connecting youth, women, and artisans with entrepreneurship opportunities.Subsidies were distributed across six regions:Central Zone (Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Uttarakhand): Rs 720 million for 2,403 projects, against Rs 2.18 billion in loans.East Zone (Bihar, Jharkhand, Odisha, West Bengal, Andaman & Nicobar Islands): Rs 220 million for 996 projects, with loans of Rs 710 million.North Zone (Punjab, Haryana, Himachal Pradesh, J&K, Ladakh, Rajasthan, Chandigarh): Rs 610 million for 2,713 projects, alongside Rs 1.84 billion in loans.Northeast Zone (Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura): Rs 20 million for 81 projects.South Zone (Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala, Puducherry): Rs 1.16 billion for 4,565 projects, matched with Rs 3.43 billion in loans.West Zone (Maharashtra, Gujarat, Goa): Rs 260 million for 722 projects, alongside Rs 820 million in loans.Since inception, the PMEGP scheme has supported the creation of over 1.018 million micro-enterprises, securing loans of Rs 733.48 billion and subsidy assistance of Rs 271.66 billion. The programme has generated direct and indirect employment for more than 9 million people, making it a flagship initiative in promoting self-employment and rural entrepreneurship.This latest round of subsidy disbursement reaffirms KVIC’s pivotal role in catalysing economic development at the grassroots level. By empowering underserved communities with financial and institutional support, the PMEGP continues to realise the vision of a self-reliant and economically vibrant India.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..