Here's how Pmegp loan consultant generally works:
Entrepreneurship
Development: Pmegp loan consultant to
finance and advise young talents who want to establish their businesses.
Courses may also be provided to assist people in maturing their business
ventures and management abilities.
Subsidy
and Credit Support: pmegp loan consultant offers a subsidy on project cost depending upon the type of the beneficiary
under general or special categories such as
SC/ST/OBC/Women/Ex-serviceman/PH/Minority etc. This means that the maximum cost
of the project for subsidy is limited; the rest can be sourced by taking an
appropriate bank loan.
Project
Implementation: After identifying the project
beneficiaries then submit their project proposal to the District Industries
Centre (DIC) or any other agency that is the implementing agency. Based on such
analysis and grades, the beneficiaries qualify to get financial support to
pursue their goals.
Project
Monitoring and Mentoring: Pmegp loan consultant also includes supervision and coaching of the projects to make sure
that they are effectively executed and run. This may involve a periodic check,
a word of advice on how to manage the business and help in case of business problems.
Employment
Generation: The initial and overall aim of Pmegp loan
consultant is the creation of sustainable employment opportunities.
This is expected that each beneficiary will create employment for himself/
herself, and employment for others through micro-enterprises.Pmegp loan consultant is pivotal in
supporting inclusive growth and entrepreneurship development activeness
throughout India by offering loans, resources, and motivation to budding
entrepreneurs and business visionaries, particularly from backward classes of
society.
The Pmegp loan consultant is a
flagship employment generation programme launched by the Prime Minister and
consists of the implementation of micro-enterprises in both rural and urban
regions.
Below are some of the key benefits
of the Pmegp loan consultant :
1. Job
Creation
The primary objective of Pmegp loan consultant is to generate self-employment that would help one set up their
ventures out of the business. This in turn results in the creation of
employment opportunities both within the rural areas as well as in the urban
regions.
2. Subsidy on Projects
Pmegp loan consultant also provides
them with subsidies which are necessary to support new business people. Subsidy
rates are:
- 25%
for urban areas
- 35%
for rural areas
For
the specially-abled persons of SC/ST, OBC, minority category, women &
Ex-servicemen, the subsidy is much higher.
3. Supports Micro Businesses
Pmegp loan consultant provides
financial assistance for creating micro-enterprises in manufacturing sectors,
services, and trading sectors helping start-ups at the grassroots level.
4.
Inclusive Growth
The formulation of policies and procedures of
Pmegp loan consultant underlings the policy of Inclusive Weaker
Section Focus that allows the provision of benefits to the weaker section of
the society such as women, SC/ST, minorities
5. Skill Development
Cocreationary skills and training courses are
offered to the intending business persons so that they can effectively manage
their businesses.
6. Low
Interest Rates
Under this scheme, the Pmegp loan consultant given to the new generation entrepreneurs are at lower interest
rates so the financial burden of the new entrepreneurs need not be more.
7.
Boost to Rural Economy
Concerning regional development, this scheme
targets the rural area which discourages people from travelling to urban areas
in the employment search hence boosting balanced regional growth.
It is
therefore the responsibility of each country to focus on traditional industries
to come up with solutions to common problems. Like other state and central
government-supported schemes, the Pmegp loan consultant in Lucknow aims at the
revival and development of traditional industries that provide employment and
market to small artisans and skills which have dwindled over time.
To sum up, it can be stated that, the Pmegp
loan consultant provides the opportunity for beginners to establish
their venture by offering them capital, training and support services and
creates employment in all sectors, especially in the remote regions where there
is scant competition.
