Ministery of Micro, Small & Medium Enterprises, Govt. of India has started this scheme from August, 2008 by clubbing PMRY and Rural Employment Generation Programme, with a view of strengthen the Micro entrepreneurs.
Under this scheme an amount upto Rs. 25 lakhs for manufacturing industries and Rs. 10 lakhs for service industries is made available as loan for commencing an industry is rural areas. Sub chart as under:-
|Sr. No.||Categories of Beneficiaries||Beneficiaries Contribution||Rate of Subsidy|
|Area (location of project/unit)||Urban||Rural|
|2||Special (S.C./S.T./OBC/Women/Ex-servicemen/Physical Handicapped/
NER/Hilly Area & Boarder.