The Pradhan Mantri Employment Generation Programme (PMEGP) scheme was launched by which Ministry of the Government of India?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1, i.e., the Ministry of Micro, Small and Medium Enterprises.
- The Pradhan Mantri Employment Generation Programme (PMEGP) scheme was launched by the Ministry of Micro, Small and Medium Enterprises (MSME) of the Government of India.
- Initiated in 2008, PMEGP aims to generate employment opportunities in rural and urban areas by promoting micro-enterprises.
- It provides financial assistance for setting up new ventures in manufacturing, services, and industries.
- The scheme is implemented through KVIC (Khadi and Village Industries Commission) and other institutions.
- It helps in fostering entrepreneurship and reducing unemployment.