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Southern States Receive ₹116 Crore Subsidy Under PMEGP

Distribution of subsidy under PMEGP scheme through virtual medium by Khadi and Village Industries Commission

Hyderabad, the Khadi and Village Industries Commission (KVIC) has distributed more than 300 crore rupees of margin money subsidy to 11,480 beneficiaries in the service sector across the country under the Prime Minister’s Employment Generation Programme (PMEGP). In the southern states of Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Kerala, and Puducherry, subsidies amounting to 116 crore rupees were distributed for 4,565 projects, while loans over 343 crore rupees were approved for these projects.

11,480 service sector beneficiaries distributed ₹300 crore subsidy

The KVIC has distributed margin money subsidies amounting to approximately 300 crore rupees to 11,480 service sector beneficiaries across the country under PMEGP.

4,565 PMEGP projects in South India received ₹116 crore subsidy

About: Hyderabad

Hyderabad, the capital city of the southern Indian state of Telangana, boasts a rich history dating back to 1591 when it was founded by Muhammad Quli Qutb Shah, the fifth ruler of the Qutb Shahi dynasty. The city is renowned for its unique blend of medieval and modern, featuring architectural marvels like the Charminar and the Golconda Fort. Hyderabad is also famous for its vibrant culture, delectable cuisine, including the iconic Hyderabadi biryani, and as a major technology and business hub, often referred to as Cyberabad.

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