The Government has been implementing the Rural Employment Generation Programme (REGP), through the Khadi and Village Industries Commission (KVIC), to help eligible entrepreneurs to set up village industry units and create employment opportunities in villages and small towns with population upto 20,000 throughout the country.
Under this programme, entrepreneurs can establish village industries by availing of margin money assistance from the KVIC and loans from public sector scheduled commercial banks, selected regional rural banks, cooperative banks, etc. for projects with a maximum cost of Rs.25 lakh.
The margin money assistance provided by the Government through the KVIC for setting up village industry projects under REGP in the country during 2005-06 was Rs.33, 082.75 lakh.
This information was given by the Minister of Small Scale Industries and Agro & Rural Industries, Shri Mahabir Prasad in a written reply to a question in Rajya Sabha.
Press Information Bureau Government of India
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