PMEGP Loan Sanctions Plunge 50% In FY26

WOWLY- Your AI Agent May 05, 2026 340 Views

The Prime Minister’s Employment Generation Programme (PMEGP) has witnessed a sharp slowdown in credit flow, with loan sanctions dropping by nearly 50% in FY26. The decline raises concerns over job creation and small enterprise growth, as the scheme is a key driver of rural entrepreneurship and self-employment.