Positive impactEconomy
PMEGP may get 5-year extension till 2030-31 with Rs 15,000 crore outlay; govt weighs easier norms
Economic Times 1 hr ago·2 Oct 2026, 7:08 pm
The government is reviewing the Prime Minister's Employment Generation Programme (PMEGP) and may extend it for another five years, up to FY 2030‑31, with a fresh allocation of about Rs 15,000 crore.
The scheme, which has already approved roughly Rs 91,000 crore in loans to micro‑entrepreneurs, is being tweaked to lower paperwork and drop collateral requirements, aiming to reach vulnerable, rural and first‑time business owners more easily. For investors, a larger pool of credit to the informal sector can lift consumption and improve asset quality for banks that fund the programme.
Keep an eye on the upcoming budget and any detailed guidelines the ministry releases, as the timing and exact eligibility changes will determine how quickly the additional funds flow and whether related financial stocks see any reaction.
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- Category: Economy.
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