In a significant step towards realising Prime Minister Narendra Modi’s vision of a developed India, the Khadi and Village Industries Commission (KVIC), under the Ministry of Micro, Small and Medium Enterprises (MSME), signed a crucial MoU with the Department of Posts, Ministry of Communications, at KVIC’s Rajghat office in New Delhi. This agreement will enable Postal Department employees across the country to conduct physical verifications of new units established under the Prime Minister Employment Generation Programme (PMEGP). Additionally, KVIC will provide postal employees with training on these verification tasks.

The MoU was signed in the presence of KVIC Chairman Manoj Kumar, Joint Secretary MSME Vipul Goyal, CEO KVIC Vatsalya Saxena, and General Manager Department of Posts Manisha Bansal Badal. The signatories included Dr. Amanpreet Singh, Dy. General Manager, Department of Posts, and Rajan Babu, Dy. CEO, PMEGP, KVIC. This collaboration will leverage the extensive network of 1,65,000 post offices across the nation, including 139,067 in rural areas.

KVIC Chairman Manoj Kumar highlighted that this partnership aligns with the Prime Minister’s vision, promoting a cooperative work culture between the two government entities. He emphasised that the collaboration will expedite the verification and subsidy disbursement processes under PMEGP, which has already facilitated over 9.69 lakh new projects and generated employment for more than 84.64 lakh entrepreneurs. The scheme has distributed margin money subsidies totaling Rs 25,563.44 crore against loans of Rs 69,021.29 crore. In the fiscal year 2023-24 alone, PMEGP has created jobs for over 9.80 lakh entrepreneurs, with subsidies exceeding Rs 3,093 crore.

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Further, the Chairman lauded Khadi’s transformation into a symbol of a developed India, with turnover surpassing Rs 1.55 lakh crore for the first time in independent India’s history. He attributed this growth to the Prime Minister’s brand power, which has led to a five-fold increase in sales and a four-fold rise in production over the past decade, creating 10.17 lakh new jobs in the sector.

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