Over 15 crore Mudra loans sanctioned till January 25, Union Employment Minister informs Rajya Sabha

New Delhi: Under the Pradhan Mantri Mudra Yojana (PMMY) 15.59 crore loans have been sanctioned till January 25, 2019, the Rajya Sabha was informed on Wednesday.

Under PMMY collateral free loans up to Rs 10 lakh are extended to small or micro business enterprises and to individuals to enable them to set up or expand their business activities.

“Till 25th January, 2019, total 15.59 crore loans have been sanctioned under the scheme,” said Santosh Kumar Gangwar, Minister of State (Independent Charge) for Labour and Employment in a written reply to a question in the Upper House of Parliament.

MS Education Academy

The minister said that Pradhan Mantri Rojgar Protsahan Yojana was initiated by Union Ministry of Labour and Employment in 2016-17 for incentivizing employers for employment generation.

“Under this scheme, the government is paying the entire employer’s contribution (12 per cent or as admissible) towards the EPS and EPF for all sectors, with effect from April 1, 2018 to all eligible new employees for the next three years from the date of registration of the new employee,” he said.

“Till 28th January 2019, benefits have been given to 1.29 lakh establishments covering 1.05 crore beneficiaries under this scheme,” the minister said.

Under the Skill India Mission, Ministry of Skill Development and Entrepreneurship is implementing a flagship scheme known as the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 2016-20 with an objective to provide skilling to one crore people under short-term training (STT), Recognition of Prior Learning (RPL) and Special Project (SP) across the country for four years, that is, 2016-2020 with an outlay of Rs 12,000 crore.

“Under PMKVY 2016-20, as on January 24, 2019, approximately 37.32 lakh candidates have been trained under STT (25.25 lakh), RPL (11.27 lakh) and Special Project (0.8 lakh) in the country. Under PMKVY 2016-20 scheme placement tracking is mandatory. The placement data is reported within 90 days of certification of a trained candidate.

“As per the data reported on SDMS, as on 24.01.2019, 21.03 lakh candidates are certified under STT and SPs of PMKVY 2016-20. The number of candidates certified under STT and SPs of PMKVY 90 days prior, that is, 26.10.2018 is 19.39 lakh. Out of these candidates, as on 24.01.2019, 10.64 lakh candidates have been placed in various sectors across the country,” said Gangwar.

“Employment generation coupled with improving employability is the priority concern of the government, which has taken various steps for generating employment in the country like encouraging private sector of economy, fast-tracking various projects involving substantial investment and increasing public expenditure on schemes like Prime Minister’s Employment Generation Programme (PMEGP), MGNREGA), DDU-GKY, DAY-NULM,” said the minister in his reply.


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