The Economic Times

Manjhi releases 1,000 crore under PM job scheme to support 11,333 micro enterprises

Micro, Small & Medium Enterprises minister Jitan Ram Manjhi announced the release of 1,000 crore in subsidy. This funding aims to support 11,333 new micro enterprises while facilitating bank credit of 3,260 crore. The initiative is anticipated to create over 1.02 lakh sustainable employment opportunities, primarily in rural areas. The subsidy is part of the Prime Minister's Employment Generation Programme, designed to boost grassroots entrepreneurship.