Analytical Study on Performance of Enterprises Supported Under Prime Minister Employment Generation Program in Madhya Pradesh | Original Article

ABSTRACT:

Prime Minister Employment Generation Program (PMEGP) was launched on 15th Aug 2008 by the Ministry of MSME to create self-employment and employment opportunities by promoting establishment of self-employment ventures/micro enterprises in rural and urban areas. This scheme was evolved by merging two existing self-employment schemes, building upon the experiences from implementation of these schemes. With MSME as single nodal agency at the National level, the scheme is being implemented with active engagement of State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs) and District Industries enters (DICs) and banks. In the state of Madhya Pradesh, during the year 2009-10, total of1138 enterprises were supported under this program. Physical verification of these units was undertaken to look at the status of these units and ascertain whether the enterprises supported adhered to the scheme guidelines or not. This paper attempts to give an overview of this scheme, profile the enterprises supported and present the status of the units based on the physical verification that was undertaken to study the units. Physical verification included interactions with the entrepreneurs and other stakeholder. Relevant records were also examined in order to understand if the scheme guidelines were adhered to or not and also to look at present status and performance of the supported units. Based on the field observation and findings of the study an attempt has also been made to suggest recommendations for better implementation of the Scheme.