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Tuesday, 25 December 2018

Prime Minister’s Employment Generation Programme (PMEGP)





About the Scheme


The government approved the continuation of Prime Minister's Employment Generation Programme (PMEGP) beyond the 12th Plan period for three years to 2019-20 with a total outlay of Rs 5,500 crore. The scheme will create sustainable estimated employment opportunities for 15 lakh persons in three financial years. 

The decision was taken at a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi 

"A minimum target of 75 projects/district is awarded to all districts of the country to achieve inclusive growth. Higher rate of subsidy (25-35 per cent) will be applicable for women, SC/ST, OBC, Physically Disabled, NER applicants in rural areas," an official statement said. 


The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks. In such cases KVIC routes government subsidy through designated banks for eventual disbursal to the beneficiaries / entrepreneurs directly into their bank accounts.

Nature of assistance

The maximum cost of the project/unit admissible in manufacturing sector is ₹ 25 lakhs and in the business/service sector, it is ₹ 10 lakhs.

Categories of Beneficiary’s Rate of subsidy under PMEGP (of project cost)
Area (location of project/unit) General category 15%(Urban), 25%(Rural), Special 25%(Urban), 35%(Rural) 
(including SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, NER, Hill and Border areas, etc.)
The balance amount of the total project cost will be provided by the banks in the form of term loan and working capital


Who can apply?

Any individual, above 18 years of age. At least VIII standard pass for projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business / service sector. Only new projects are considered for sanction under PMEGP. Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme), Institutions registered under Societies Registration Act,1860; Production Co-operative Societies, and Charitable Trusts are also eligible. 

Existing Units (under PMRY, REGP or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of India or State Government are NOT eligible.


How to apply?

The State/Divisional Directors of KVIC in consultation with KVIB and Director of Industries of respective states (for DICs) will give advertisements locally through print & electronic media inviting applications along with project proposals from prospective beneficiaries desirous of establishing the enterprise/ starting of service units under PMEGP.

The beneficiaries can also submit their application online at https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp and take the printout of the application and submit the same to respective offices along with Detailed Project Report and other required documents.

For further assistance reach: www.drsaca.in

Wednesday, 5 July 2017

Tax audit form revised, new disclosures mandated

Tax audit form revised, new disclosures mandated: The Central Board of Direct Taxes (CBDT) has revised the tax audit form (3CD), stipulat

Thursday, 12 January 2017

FREE-GST-ENROLLMENT SUPPORT-HYDERABAD









Deadline for Migration under GST – 15/01/2017

Requirements for Enrollment:-
  1. Unique Mobile Number and Email ID
  2. Have your PAN card, Name, Address, Passport Number, Aadhar No available for updating them on the portal for the owner, authorized signatory, partners, proprietors, Karta of HUF, directors or partners of LLP.
  3. Keep handy of bank account number, IFSC code and bank address ready as well.
  4. Pick out all your required documents in soft copies as pdf / jpeg with each file size up to maximum 100 kb, ready for the quick migration process.
  5. Fill up the required details W.R.T. each page for registration. On successful updating of details, each page will show a right click mark
  6. Get the DSC of the applicant verified / registered beforehand on the GSTN portal.
  7. On complete updating of all required pages, the application shall be verified using the DCS of applicant or E-signature. As of date, there is no clarity on e-signature.
Reach us for Enrollment Support
At Hyderabad: drsaca1@gmail.com