- KVIC is the nodal agency for Prime Minister's Employment Generation Program. It has been able to set up 1,03,219 new units over one Financial Year. KVIC has invested over 12,000 crore rupees to establish these many units across the country.
- KVIC has taken several governance measures to make manufacturing seamless from the start. Earlier, a manufacturer would have to seek approval from the District Authority. Now a single authority in the concerned state will approve it. Forwarding and approval time has been reduced from 90 Days to 26 Days.
- The KVIC has also reduced the regulations to a necessary few. Monthly coordinated meetings were organized with banks for adequate credit availability.
Question:
Q.1 What is the nodal agency for implementing the Prime Minister’s Employment Guarantee Program?a. Ministry of Labor and Employment
b. KVIC
c. NMDC
d. Ministry of Skill Development and Entrepreneurship
