TAMIL NADU

Tirupur district tops the State in employment scheme

Tirupur district has secured the first position in credit disbursement and creation of new self-employment projects under Prime Minister's Employment Generation Programme (PMEGP) in the State for the just concluded 2009-10 financial year.

Official sources told The Hindu that the banks in the district had sanctioned loans for 212 employment generation ventures involving a project cost of Rs. 28.78 crore with the subsidy margin money of Rs. 10.24 crore, to emerge the topper.

The achievement gains greater significance considering that the district achieved the distinction in the first financial year itself of its formation.

Jobs

The 212 micro enterprises set up under the scheme had created jobs for as many as 4,185 youth aged above 18 years hailing from rural and semi-urban areas in the district.

Bank-wise, State Bank of India financed the maximum of 65 projects involving a project cost of Rs. 9.72 crore and margin money of Rs. 3.39 crore creating employment for 1,132 youth.

It was followed by Canara Bank, which is also the Lead Bank in the district, with credit facilities extended to 34 self-employment ventures that eventually extended jobs to 636 unemployed youth from the mofussils.

The new business ventures started under the PMEGP, according to Lead Bank Manager R. Murugesan, have arrested the migration of people from rural to urban as wage earning capacity of rural people improved significantly.

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