Maharashtra government to launch Chief Minister’s Employment Generation Programme for MSMEs

The Maharashtra government has decided to launch the Chief Minister’s Employment Generation Programme for Micro, Small and Medium Enterprises (MSMEs), which will create 10 lakh jobs in the next five years. The flagship programme of the Industries Department will have 30% reservation for women entrepreneurs. The scheme will be implemented on the lines of the Prime Minister’s Employment Generation Programme (PMEGP) with online applications and other procedures. This scheme is for promoting entrepreneurship and address unemployment issues. It will cover manufacturing, service and agro-based activities, including those in retail. The nodal bank for the programme will be Corporation Bank and beneficiaries will be financed by nationalised and private Sector banks like Yes Bank, ICICI Bank and HDFC Bank. To supplement this programme, 50 new industrial parks will be developed at taluka level by the government.