Minister Jitan Ram Manjhi announces ₹1,000 crore subsidy under PMEGP for 11,333 micro enterprises

Exam-focused facts from the 29 October 2026 current affairs briefing.

Key facts

Micro, Small & Medium Enterprises minister Jitan Ram Manjhi released ₹1,000 crore in margin money subsidy under the Prime Minister's Employment Generation Programme (PMEGP).
The subsidy aims to support 11,333 new micro enterprises and facilitate bank credit of ₹3,260 crore.
The latest tranche of the PMEGP is expected to generate over 1.02 lakh sustainable employment opportunities, primarily in rural areas.
The PMEGP provides margin money subsidies against bank-sanctioned project loans for entrepreneurs setting up new micro enterprises.