Maharashtra's MSME scheme to generate 10 lakh jobs, have 30 pc reservation for women

The scheme will be implemented on the lines of the Prime Minister's Employment Generation Programme (PMEGP) with online applications and other procedures. Maharashtra Chief Minister Devendra Fadnavis The Maharashtra government will soon launch the Chief Minister's Employment Generation Programme for Micro, Small, and Medium Enterprises (MSMEs), which will create 10 lakh jobs in the next five years, said Harshadeep Kamble, State Development Commissioner (Industries), on Tuesday. The flagship programme of the Industries Department will have 30 percent reservation for women entrepreneurs, he added The senior IAS officer said the scheme, approved by Chief Minister Devendra Fadnavis, envisages setting up one lakh units in five years, out of which 40 percent will be in rural areas. Kamble said this year's target is setting up 10,000 micro-ventures by first-generation entrepreneurs. The scheme will be implemented on the lines of the Prime Minister's Employment Generation Programme (PMEGP) with online applications and other procedures, he added.

“This scheme is for promoting entrepreneurship and to address unemployment issues among educated unemployed youth,” Kamble said. According to him, the scheme will provide easy financial assistance as a viability gap funding for approved project costs of up to Rs 50 lakh for manufacturing activities and up to Rs 10 lakh for service sector activities.