Before freedom, the advancement of Khadi and Village Industries was altogether a non-legislative exertion under the direction of Mahatma Gandhi. The All India Khadi and Village Industries Board set up in 1935, was the really organizing office. After autonomy, the Government of India officially took up the errand of creating Khadi and Village Industries as an organized action, in this manner setting up the Khadi also, Village Industries Commission (KVIC) in 1956 by an Act of Parliament.
KVIC assumes a significant part in the provincial non-ranch area by creating Khadi and Village Ventures. With expanding efficiency levels, the homestead area is quickly losing its capacity to produce extra business potential opening doors for the consistently expanding labor force in rustic regions. The issue of rustic joblessness has previously been featured in the primary unit of this block on the PMRY. It is in this setting that the job of the Khadi also, Village Industries Commission (KVIC) comes into the center as another option and a fitting business plot for the provincial individuals.
The elements of the KVIC are by and large to design, advance, sort out and aid the execution of projects for the advancement of Khadi and town businesses.
To accomplish this, it embraces
- Funding of qualified organizations
- Preparing of people utilized or burning of looking for work in Khadi and Village businesses, bosses, what’s more, different functionaries
- Fabricating the stores of the materials
- R&D in Khadi furthermore, Village Industries area
- Advancement of deals and advertising of Khadi and town enterprises items
- Advancement and support of helpful endeavors among the people participated in Khadi and Village Industries, and so on.
Remembering this need, KVIC has embraced various projects in the area of provincial industrialization. At first, the emphasis was on advancing the customary provincial enterprises like stoneware, honey beekeeping, dark smithy, and so on. After some time, it was progressively felt that zeroing in on the more current enterprises that were fundamental can possibly come up in the country regions and furthermore redesign the abilities and efficiency levels of rustic laborers.
The principal targets of the program are:
- to create work in rustic regions,
- to foster pioneering abilities and disposition among the provincial jobless youth,
- to accomplish the objective of rustic industrialization and
- to work with the interest of monetary organizations for a higher credit stream to country ventures.
Rural Employment Generation Programme
The REGP is a Scheme implied for setting up town ventures in country regions. The classes of recipients under REGP are as per the following:
• Individual (Rural craftsmen/Entrepreneurs)
• Trusts and Self-Help Groups (SHGs)
• Helpful Societies
Any grown-up Individual Rural Artisan/Entrepreneur over 18 years is qualified for funding under the REGP. Organizations, Cooperative Societies, Trusts, and SHGs are qualified for projects up to Rs. 25.00 lakhs. Be that as it may, Partnership Firms, Private/Public Limited Organizations, Joint Ventures, Jt. Borrowers, Co-obligators of HUF are not qualified under the Scheme.
As a proportion of giving promoting backing to REGP recipients, the KVIC embraces various special exercises like displays, and so on. These displays are of different lengths going from at least 5 to 10 days. They are given satisfactory exposure to serve REGP business people. Purchaser Seller meets and conversations on showcasing, deals system, quality control, bundling, and plan improvement are likewise coordinated at these shows. Other than these selective shows for REGP recipients, they are likewise urged to take part in the Locale, State, and National Level Exhibitions of KVIC that are coordinated all through the year. The KVIC likewise sets up other special help to REGP through hoardings, pennants at significant spots, banners, exposure through the electronic media, the printing of town enterprises indexes, and so on. The Rural Employment Generation Program has been showing consistent development, especially during the most recent couple of years. The combined number of activities, edge cash used, and comparing business created.
That’s what the Scheme conceives
- 25% of the undertaking cost for a venture up to Rs. 10.00 lakh will be given as “Edge Money”.
- For projects above Rs.10.00 lakhs and up to Rs. 25.00 lakhs, the pace of Margin Cash is 25% of Rs. 10.00 lakhs in addition to 10% of the leftover expense of the task (Projects costing past Rs.25.00 lakhs are not qualified for supporting under the Conspire).
- If there should arise an occurrence of more vulnerable area recipients, viz. SCs/STs/OBCs/Women/Physically Impaired/Ex-servicemen and for Hill line and Tribal Areas, North Eastern District, Sikkim, Andaman, and the Nicobar Islands and Lakshadweep, Margin Money award is at the pace of 30% of the expense of an undertaking up to Rs. 10 lakhs Furthermore, 10% of the excess expense of the undertaking over this sum up to Rs. 25 Lakhs. The cost of land isn’t to be remembered for the task cost.
- Under the Scheme, the borrower is expected to contribute his/her own commitment of 10% of the venture cost. On account of borrowers having a place with SCs/ STs and other more vulnerable segments, the recipient’s commitment must be just 5% of the task cost.
- Banks will evaluate project attainability in fact as well as financially and assume their own praise choices based on the suitability of each undertaking.
- Banks will endorse 90% of the venture cost on account of general classification borrowers and 95 percent of the undertaking cost to the recipients/ organizations from/of more fragile segments and dispense everything of the endorsed advance. After the approval of the credit office by the Bank, the qualified sum of Margin Money is kept as a Term Deposit for quite a long time in the record of the borrower at the main bank office and will be credited to the borrower’s advance record following a time of a long time from the date of the principal dispensing of credit.
- The Per Capita Investment shouldn’t surpass Rs. 50,000/ – per craftsman or specialist, for example, Capital Expenditure on Building/Workshed, Machinery, and Furniture partitioned by everyday work made by the undertaking ought to be Rs.50,000/ – or less.
- The credit given by the Bank is a composite credit containing Capital Expenditure as a Term Loan and Working Capital as Cash Credit. The Term Loan must be reimbursed in something like 7 years while in the event of the Cash Credit part of the advance, the interest installment must be ordinary according to the authorized limit.
Frequently Asked Questions
Question 1: What is the primary target of the Rural Employment Generation program?
Rustic Employment Generation Program (REGP) targets setting out independent work open doors in provincial regions and humble communities. The Khadi and Village Industries Commission is carrying out it. Under this program, one can get monetary help with the type of bank advances to set up little ventures.
Question 2: What are the elements of the country’s business age program?
As an enemy of destitution measures Rural Employment Generation Program (REGP) was sent off in 1995. The element of REGP is (I) the Creation of independent work with amazing open doors in provincial regions and towns. (ii) Creation of 25 Lakh new positions under the 10th long-term plan.
Question 3: Was REGP fruitful?
Have been a few examples of overcoming adversity and it is felt that REGP has been very viable in setting up reasonable country undertakings, which has prompted the development of the rustic economy. The REGP is one of the most famous work-age programs in the nation today.
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