Online edition of India's National Newspaper
Saturday, Jun 20, 2009
ePaper | Mobile/PDA Version
Google



Tamil Nadu
News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary |

Tamil Nadu Printer Friendly Page   Send this Article to a Friend

Sanction letters issued to set up business ventures under job scheme

Staff Reporter

Photo: M. Balaji

New beginning: Collector C. Samayamoorthy (right) issuing sanction orders to a beneficiary under PMEGP scheme in Tirupur on Friday. —

Tirupur: Collector C. Samayamoorthy on Friday issued sanction letters to two persons to set up business ventures under the Prime Minister’s Employment Generation Programme (PMEGP).

Subsidies

Official sources said that the beneficiaries, T. Dhanalakshmi of P. Vaduakkapalayam village and N. Jayaraj of Alampalayam, would be extended credit-linked subsidies to meet the capital expenditure required for setting up units to manufacture plates and cups from agriculture plants and copra respectively.

Accordingly, Ms. Dhanalakshmi would get Rs. 5.2 lakh as credit–linked subsidy of which the subsidy component would be Rs 1.04 lakh.

Copra production

Mr. Jayaraj would be given Rs. 18 lakh as credit-linked subsidy to set up copra production unit.

Of this, 35 per cent would be subsidy while the rest would be institutional credit.

Mr. Samayamoorthy said that financial assistance earmarked under PMEGP was aimed at providing sustainable employment opportunities to the rural people in the district and to increase wage earning capacity of artisans.

“The scheme is being implemented in the district by the District Industries Centre, Khadi and Village Industries Board, Khadi and Village Industries Commission and banks,” the Collector added.

General Manager of District Industries Centre S. Ashokan and senior district officials were present at the function.

Printer friendly page  
Send this article to Friends by E-Mail



Tamil Nadu

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Ergo | Home |

Copyright © 2009, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu