What is the maximum cost of a project admissible under the business/service sector in the ‘Prime Minister’s Employment Generation Programme’ (‘PMEGP’)?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹ 10 lakh.
- The maximum cost of the project/unit admissible in manufacturing sector is ₹ 25 lakhs and in the business/service sector, it is ₹ 10 lakhs.
- The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level.
- At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks.