SHILLONG, Feb 22: Meghalaya ranks the lowest in implementation of the Prime Minister Employment Generation Programme (PMEGP) amongst all northeastern states, authorities said on Friday.
According to the Khadi and Village Industries Commission (KVIC) this fact was revealed during the Zonal review meeting held in Guwahati on January 31 this year.
The KVIC also stated that it was a matter of concern that in spite of several efforts, the progress of the scheme was 8 percent approximately in 2017-18.
“It was time and again requested to all bank representatives to take credit decision on all pending cases with bank branches,” the KVIC said.
This issue was deliberated in length in the State Level Monitoring Committee (SLMC) meeting held on July 16, 2018 and also during review of the PMEGP scheme on January 18, 2019.
The office of the KVIC had a meeting with all the bankers in all the five districts of Garo Hills and two districts of Jaintia Hills and requested all the bankers to take credit decision on all pending cases available with them under PMEGP before February 28, 2019.
The KVIC stated that Meghalaya has great potential and extending credit facilities to the needy unemployed youth shall not only make them self reliant but also create more employment opportunities for others who shall associate with the enterprise.
It was also stated that out of the 1006 proposals forwarded to the DLFTC in the state, 707 proposals are recommended by it to bankers and loans amounting to Rs 304.47 lakhs to 210 enterprises have been disbursed.
As on date 544 proposals are pending with different bank branches in the state, which include proposals of previous financial years too.
Meanwhile, the financing ratio of bank is 28 percent of total proposals received to them in the state.
The KVIC stated that the target for the financial year 2018-19 is 1061 projects involving margin money of Rs 2653.70 lakhs.
The achievement till date is only 19 percent in respect to the projects and 11.47 percent in respect to margin money in the state, which is very less, since the current financial years is coming to an end.
“All out effort needs to be made by all associated with the scheme to put the state to respectable position,” the KVIC said.
As of today, there are 88 proposals pending for disbursement of loan with bank branches in the state for want of completion of EDP training.
The KVIC said that the funds for these 88 cases can be disbursed immediately, since exemption for availing EDP is granted for all such cases, which shall be sanctioned till March 31, 2019.
In the zonal review meeting held on January 31, 2019 at Guwahati, it was agreed by all banks that they shall take credit decision on all the 544 pending proposals lying with different bank branches of Meghalaya by February 28, 2019.