In a significant achievement, Jammu Kashmir has topped all Indian States in creating Self-Employment Under the Prime Minister’s Employment Generation Program (PMEGP), reported the Ministry of Micro, Small, and Medium Enterprises on Thursday.
A massive 1.73 lakh new employment in Jammu and Kashmir in 2021-22, under PMEGP alone, is also the highest across all states and UTs in India.
The press release says that Khadi and Village Industries Commission (KVIC) has just scripted the golden chapter of industrial growth and employment boom in Jammu and Kashmir.
In the year 2021-22, KVIC has established the highest number of manufacturing and service units in Kashmir region under its flagship scheme- Prime Minister’s Employment Generation Program (PMEGP), and created the highest number of jobs in comparison with all other states and UTs in India.
With a record 21,640 manufacturing and service units, J&K stands way ahead of bigger states like Uttar Pradesh (12,594 units), Madhya Pradesh (8082 units), Tamil Nadu (5972 units), Karnataka (5877), and Gujarat (4140 units).
In 2021-22, KVIC had set a target of 3360 PMEGP units in J&K but buoyed by the Centre’s major push to local manufacturing, it ended up establishing a whopping 21,640 units and thus exceeding the target by a massive 544%.
In J&K, these units have been established with a total capital of Rs 2101 crore. Out of this, KVIC disbursed a record margin money subsidy of Rs 467 crore while the Bank Credit flow was Rs 1634 crore.
The margin money subsidy disbursed by KVIC in J&K is also the highest among all states and UTs in the country.
KVIC Chairman Vinai Kumar Saxena attributed this employment spree to the Prime Minister’s vision for all-round development and self-sustainability of Jammu & Kashmir.
“Such large-scale self-employment in J&K is a contribution of KVIC towards making the state self-sustainable and bringing it at par with other states in terms of development.
The record number of PMEGP units in J&K is also a testimony of how the people of J&K, after the abrogation of Article 370 are participating in government schemes to strengthen the local economy and pave the way for the overall development of the state,” Saxena said.
It is pertinent to mention that the development of J&K has been the focus area of the Government led by Prime Minister Narendra Modi.
Special thrust has been given to the creation of local employment in the state since 2014-15 and the efforts have been fortified since 2019 when J&K was made a union territory.
PMEGP was launched in the year 2008 and for the next 6 years, i.e. till 2013-14, this scheme progressed at a snail’s pace in J&K. However, from 2014-15 onwards, there has been a phenomenal growth under PMEGP in the state.
Comparative data shows that KVIC had set up just 10,401 PMEGP units in J&K in 6 years (2008-09 to 2013-14) whereas, a massive 52, 116 units were set up by KVIC in the last 8 years, i.e. from 2014-15 to 2021-22.
Similarly, the total Margin Money subsidy disbursed by KVIC in J&K in 6 years (2008-09 to 2013-14) was a meager Rs 145 crore, whereas KVIC disbursed a whopping Rs 1080 crore as Margin Money subsidy in the last 8 years (2014-15 to 2021-22).
Further, KVIC created a total of 85,719 employment under PMEGP in the first six years (2008-09 to 2013-14) whereas the last 8 years have seen a massive 4.10 lakh employment in J&K under PMEGP.
It is noteworthy that in 2021-22, a majority of the PMEGP units in J&K have been set up in districts like Baramula, Badgam, Pulwama, Anantnag, Ganderbal, Kupwara, Bandipora, and Doda which are largely prone to militancy.
As many as 16,807 (78%) of the 21,640 PMEGP units in J&K belong to the service sector, i.e. units like beauty parlors, boutiques, embroidery, mobile/computer repair shops, food outlets, etc.
This is followed by 1933 units (9%) under rural engineering and biotechnology like steel fabrication and steel furniture, artificial jewelry making, vermicompost, and bio-fertilizers units. Also, 1770 units (8%) pertain to the agro and food processing industry.