Meghalaya is not doing well in the implementation of the Prime Minister Employment Generation Programme (PMEGP) and the progress of the scheme was around 8 per cent in the previous financial year 2017-18.
This was revealed by the officials of the Khadi and Village Industries Commission (KVIC) on Friday.
The officials requested all the bankers to take credit decision on all pending cases available with them under PMEGP before February 28, 2019.
The request was made during a meeting held recently with all the bankers of the five districts of Garo Hills and two districts of Jaintia Hills.
It was also informed that out of the 1006 proposals forwarded to the DLFTC in the state, 707 proposals are recommended by it to bankers and loans amounting to Rs 304.47 lakhs to 210 enterprises have been disbursed.
At present 544 proposals are pending with different bank branches in the state and these pending proposals also include proposals of previous financial years.
The KVIC stated that the target for the financial year 2018-19 is 1061 projects involving margin money of Rs 2653.70 lakhs.
The achievement till date is only 19 percent in respect to the projects and 11.47 percent in respect to margin money in the state.
According to the KVIC, extending credit facilities to the unemployed youths of Meghalaya will not only make them independent but will also help in creation of a large number of job opportunities.
The unemployment rate in Meghalaya in the age group of 15-29 years is 115 persons per 1000.The rate of unemployment is 11 persons out of 1000 for the age group of 30 years and above.