LUCKNOW: Additional chief secretary (MSME) Navneet Sehgal on Friday said that the implementation of the second loan scheme for upgradation of units under the PM employment generation programme is slow since the rules were complicated.
During a meeting of the monitoring committee set up under PMEGP, he also pointed out that while loans of 3,267 units have been approved, release of their margin money is pending. He said that decision on another 7,720 applications is pending and has asked banks to clear all claims by October 31. “Set up camps across the state and clear all loan applications.
In 2020-21, PMEGP scheme margin distribution was 127% more than the target and this year too we will over achieve by 150%. Under the scheme, 9,954 units were established and Rs 327.91 crore was given as margin money. This year, 11,069 units will get Rs 334.35 crore as margin money.
So far 37% has been distributed. Due to shortcomings at the banks, claims worth Rs 15.38 crore of 501 units are pending,” Sehgal said.
He said that units established under PMEGP between 2017-17 and 2019-20 should be geo-tagged and verified on ground. This work has been completed in 16 districts.
