Business · Economy · 7 hrs ago
India releases ₹1,000 crore to support 11,333 new micro enterprises
India released ₹1,000 crore in subsidies under the Prime Minister’s Employment Generation Programme.
Micro, Small & Medium Enterprises Minister Jitan Ram Manjhi announced the funding on Wednesday.
The money will support 11,333 new micro enterprises, mainly in rural areas.
The programme gives subsidies to entrepreneurs who take bank loans to start businesses.
The latest funding is expected to facilitate ₹3,260 crore in bank credit for the projects.
The government expects more than 1.02 lakh employment opportunities to result.
The programme aims to encourage local businesses and expand work outside farming.
Union minister Jitan Ram Manjhi released ₹1,000 crore in subsidies under the Prime Minister’s Employment Generation Programme.
The funds are intended to support 11,333 new micro enterprises.
The tranche also facilitated bank credit of ₹3,260 crore.
It is expected to generate more than 1.02 lakh sustainable employment opportunities, primarily in rural areas.
The programme aims to boost grassroots entrepreneurship and expand non-farm livelihoods.
- Who
- Union minister Jitan Ram Manjhi released the funds.
- What
- He released ₹1,000 crore in margin money subsidies to support 11,333 new micro enterprises.
- When
- Wednesday, 28 October 2026.
- Where
- New Delhi.
- Why
- The programme aims to boost grassroots entrepreneurship and expand non-farm livelihoods.
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- Minister
- Jitan Ram Manjhi
- Programme
- Prime Minister’s Employment Generation Programme (PMEGP)
- Subsidy released
- ₹1,000 crore
- New micro enterprises supported
- 11,333
- Bank credit facilitated
- ₹3,260 crore
- Expected employment opportunities
- Over 1.02 lakh