KVIC SETS UP 1,61,505 RURAL INDUSTRIAL
UNITS
RAJYA SABHA
A total number of
1,61,505 agro and rural industries projects have been financed
and set up in the country by the Khadi and Village Industries
Commission under the Rural Employment Generation Programme (REGP)
as on 31st March, 2003. The target for the current
year is for the setting up of 25,253 projects, which would generate
3,96,457 additional employment opportunities under the REGP.
The Government
is implementing the REGP through Khadi and Village Industries
Commission (KVIC) for the promotion and development of agro and
rural industries. Under this scheme, the KVIC provides margin
money assistance at the rate of 25% of the project cost upto Rs.
10 lakhs and for the project above Rs. 10 lakhs and upto 25 lakhs,
rate of margin money is 25% of Rs. 10 lakhs plus 10% on remaining
cost of the project. In the case of SC/ST/OBC/Women/Physically
Handicapped/Ex-servicemen and Minority Community beneficiary/institution
and for hill border and tribal areas, north eastern region, Sikkim,
Andaman & Nicobar Islands, Lakshadweep, the margin money grant
is 30% of the project cost upto Rs. 10 lakhs but above this amount
and upto Rs. 25 lakhs, it is 30% of Rs. 10 lakhs plus 10% of the
remaining cost of the project. Under this scheme, the beneficiary’s
contribution is 10% of the project cost. In case of SC/ST and
other weaker sections, beneficiary’s contribution is 5% of the
project cost. This scheme is being implemented through Public
Sector Banks, Regional Rural Banks etc.
This information
was given by Minister of Agro and Rural Industries, Shri Sangh
Priya Gautam in written reply to a question in Rajya Sabha today.
