New job scheme gets Cabinet nod

8220;The scheme is expected to generate over 37 lakh self-employment opportunities in the next four years,8221; said Chidambaram.

The new programme will allow a maximum cost of Rs 25 lakh for manufacturing sector projects and Rs 10 lakh for service sector projects.

Improving upon the subsidy levels in earlier two programmes, under the PMEGP general category beneficiaries can avail 15 per cent subsidy of the entire projects cost, while the same would be 25 per cent for special category beneficiaries, which include SCs/STs, OBCs and others in Urban areas.

In rural areas, the general category beneficiaries can avail a subsidy of 25 per cent while the special category beneficiaries would be allowed a subsidy of 35 per cent.

In an effort to provide fillip to rural sanitation programme, the CCEA decided to increase the per unit cost of construction of household latrines in rural areas to Rs 2,500 per unit from Rs 1,500 last year.