Employment Generation

Unemployment is a basic economic problem of India. It is considered to be the greatest obstacle in the way of economic development of our country. Had this problem been solved, the economic. scenario of India would have been revolutionarily changed.

Heritage foundation is playing a vital role in the society by guiding rural people for income generation projects in various parts of India.

Starting from organizing workshop and providing proper guidance under different Government scheme, we have successfully generated income for more than a lakh individual.

UGC Sponsored Seminar at Bhattar College.

On 4th Dec.2012 HERITAGE FOUNDATION had organized a Seminar Sponsored by UGC on the topic “Role of Gov. & Private Sector in Employment Generation of Youth” The Managing Trustee of HERITAGE FOUNDATION, Dr. M.K. Pradhan introduced different innovative areas of employment generation opportunities for the youth. He also discussed about importance of small scale investment, personal savings for employment generation opportunities over thousand students and forty headmasters from different schools attended the seminar. Internationally acclaimed educational scientist Dr. Pradhan discussed about different aspects of work education in the discussion forum.

And now being empanelled under Niti Aayog, Govt. of India and Paschim Banga Society for Skill Development, Govt. of West Bengal we are catering different training courses under QP and MES codes to students in different districts of West Begal and making them able to earn through placements in MNCs and other Entrepreneurship Development Programmes.

Indian Govt. has disclosed many schemes under employment generation Programmes.

Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy programme administered by the Ministry of Micro, Small and Medium Enterprises, Government of India. Khadi & Village Industries Commission (KVIC), is the nodal agency at national level for implementation of the scheme. At state level the scheme is implemented through KVIC, KVIB and District Industries centre.

Objective

• To generate employment opportunities in rural as well as urban areas through setting up of self-employment ventures.
• To provide continuous and sustainable employment to a large segment of traditional and prospective artisans and unemployed youth, so as to help arrest migration of rural youth to urban areas.

Scope

• The scheme is applicable to all viable (technically as well as economically) projects in rural as well as urban areas, under Micro enterprises sector.
• The maximum cost of the project admissible under manufacturing sector is Rs.25 lakhs and business/services sector is RS.10 lakhs.
• Only one person from family is eligible for obtaining financial assistance under the scheme.
• Assistance under the Scheme is available only for new projects.
• The assistance under the scheme will not be available to activities indicated in the negative list under the scheme.

Eligible Entrepreneurs / Borrowers

• Any individual, above 18 years of age.
• The beneficiaries should have passed at least VIII standard, for setting up of project costing above Rs.10 lacs in the Manufacturing Sector and above Rs. 5 lacs in the business /Service Sector,
• Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme).
• Institutions registered under Societies Registration Act,1860.
• Production Co-operative Societies.
• Charitable Trusts.

Note

Existing units (Under PMRY,REGP or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of India or State Government are not eligible.

Selection of beneficiaries

The beneficiaries will be identified & selected at the district level by a Task Force consisting of representatives from KVIC/State KVIB/ State DICs and Banks and headed by the District Magistrate / Deputy Commissioner / Collector concerned.

Subsidy Entitlement & Bank Finance

Subsidy from KVIC and the bank finance depends on the cost of project as per details given below :

		Subsidy from KVIC
	Bank finance	Urban area	Rural area	Promoter's contribution
General Category beneficiary / institution	90%	15%	25%	10%
Special category beneficiary/institution	95%	25%	35%	5%

Security

• Assets created out of the bank's finance.
• Personal guarantee of the proprietor / promoter.
• No collateral security up to Rs. 5 lakhs.
• Eligible units will be covered under Credit Guarantee Fund scheme for Micro & small Enterprises – CGMSE. (excluding Margin Money / subsidy component)