Correct option is D
The Prime Minister’s Employment Generation Programme (PMEGP) was launched in 2008 by the Ministry of Micro, Small, and Medium Enterprises (MSME).
- PMEGP is a combination of two earlier schemes: Prime Minister’s Rozgar Yojana (PMRY) and Regeneration of Traditional Industries (RTI).
The scheme has benefited many young entrepreneurs, providing them with the necessary financial resources and institutional support to start their own businesses.
PMEGP has played a significant role in promoting self-employment and entrepreneurship in the MSME sector.
It provides financial support for setting up micro-enterprises, especially targeting youth, women, and marginalized groups.
The program is implemented by KVIC and offers both subsidy and loan assistance for small businesses across various sectors.