Government policies which will help local artisans and manufacturer

Posted by "ODOP Newsletter" on

Central and state government has been working tirelessly to implement favorable policies for local artisans and entrepreneurs. Below listed few policies are very popular and have empowered regional artisans to compete at national and international level.

Prime Minister Employment Generation Programme (PMEGP)
The Scheme is implemented by Khadi and Village Industries Commission (KVIC), as the nodal agency at the National level. At the State level, the Scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs) and District Industries Centers (DICs) and banks. The Government subsidy under the Scheme is routed by KVIC through the identified Banks for eventual distribution to the beneficiaries/entrepreneurs in their Bank accounts.


Mukhya Mantri Yuva Swarojgar Yojna (MYSY)
Mukhya Mantri Yuva Swarojgar Yojna or MMYSY is a government of Uttar Pradesh scheme under which the State Government will give bank guarantee and loan subsidy to promote entrepreneurship. The objective of this scheme is to provide employment to a young entrepreneur in the state which in turn can provide better employment opportunity in Uttar Pradesh. The government is aiming to provide more than 25,000 youth this benefit with the help department of MSME, which is working to provide loan disbursement in this scheme with a subsidy component.



Pradhan Mantri MUDRA Yojana (PMMY)
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015, for providing loans up to 10 lakhs to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, Cooperative Banks, MFIs, and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth/development and funding needs of the beneficiary microunit/entrepreneur and also provide a reference point for the next phase of graduation/growth.


Standup India
Stand-Up India Scheme Facilitates bank loans between 10 lakhs and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one-woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either an SC/ST or woman entrepreneur.

Source: Make in India and government site

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