Govt releases Rs 1,000 crore for micro enterprises
Minister Jitan Ram Manjhi announced the release of Rs 1,000 crore in subsidy under a PM job scheme. The funding aims to support 11,333 new micro enterprises and help unlock Rs 3,260 crore in bank credit. It is expected to create over 1.02 lakh sustainable jobs.
ContextThe PM job scheme is a central government programme that gives subsidies to help people start small units and create jobs. Jitan Ram Manjhi is the Union Minister for Micro, Small and Medium Enterprises, which runs such schemes.