Sri Vijaya Puram, Oct 03: District Industries Centre and Khadi and Village Industries Board are the implementing agencies of the Prime Minister’s Employment Generation Programme (PMEGP) throughout the Union Territory Andaman and Nicobar Islands.
The prospective entrepreneurs and the beneficiaries whose loan has already been sanctioned by the Banks can undergo EDP training. The duration of the training would be for at least 5 days for projects with project cost up to Rs.5 lakh and for projects with cost above Rs.5 lakh, the duration of EDP would be at least 10 days. No EDP training will be mandatory for projects up to Rs. 2 Lakh.
As per PMEGP guidelines, the implementing agencies forward the online applications to the opted bank after due verification and scrutiny of the relevant online information and documents so received online from the candidates. The concerned bank takes the credit decisions for sanction of the online project proposals received and recommends online for training under Entrepreneurship Development Programme (EDP) before first installment.
To facilitate the financing bank to disburse the first installment of the loan and claim margin money subsidy on the PMEGP online portal, the candidates need to undergo the prescribed Entrepreneurship Development Training after online sanction.
All the applicants who have received loan sanction letter from concerned bank are advised to undergo EDP training in online mode through Udyami Portal at https://www.udyami.org.in immediately in order to enable the banks to disburse the loan after completing the required formalities.
For more, one may contact District Industries Centre or KVIB, Udyog Parisar, Middle Point or call over phone no 03192-232601/233301 a press release from District Industries Centre said.
