Tamil Nadu   

Sanction letters issued to set up business ventures under job scheme

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).

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.

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.

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