{
  "id": 11513120,
  "title": "PMEGP may get 5-year extension till 2030-31 with Rs 15,000 crore outlay; govt weighs easier norms",
  "url": "https://urgent.news/2026/10/02/pmegp-may-get-5-year-extension-till-2030-31-with-rs-15-000-crore",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T19:08:48.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/pmegp-may-get-5-year-extension-till-2030-31-with-rs-15000-crore-outlay-govt-weighs-easier-norms/articleshow/134645705.cms"
  },
  "original_language": "en",
  "account": "New Delhi: Officials are considering extending the Prime Minister's Employment Generation Programme (PMEGP) until 2030-31, allotting roughly ₹15,000 crore for its execution. The government is scrutinizing potential alterations to the scheme, such as simplifying documentation requirements and waiving collateral for disadvantaged, rural, and first-time entrepreneurs. To date, the initiative has sanctioned loans amounting to ₹91,000 crore, launched in 2008-09 and recently extended for another five years.\n\nThe PMEGP has been instrumental in generating an estimated 3.63 million jobs and establishing over 400,000 micro-enterprises from 2021-22 to 2025-26. Anil Bhardwaj, Secretary General of the Federation of Indian Micro and Small & Medium Enterprises, commended the scheme's success, stating it has yielded significant results on the ground. He suggested potential enhancements, including a pre-sanction physical verification report and geo-tagging.\n\n80% of enterprises initiated under PMEGP are situated in rural areas, with women comprising 40% of the supported micro-enterprises. Additionally, 45% of the margin money subsidy disbursed went to female entrepreneurs. To further streamline the scheme, experts propose integrating modern technology and digital platforms, as well as involving third-party intermediaries to facilitate enrollment of self-help groups and individuals unfamiliar with the program.",
  "summary": "The government is considering extending the Prime Minister's Employment Generation Programme until 2030-31 with an estimated Rs 15,000 crore outlay, while easing access for vulnerable, rural and first-time entrepreneurs. Proposed changes include less documentation and no collateral requirements, as the scheme has sanctioned Rs 91,000 crore in loans so far.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}