Explanation The Correct Answer is 2025-26 Key Points • “The P | UPSC LAW Optional

Explanation
The Correct Answer is 2025-26

Key Points
• “The PMEGP has now been approved for continuation over the 15th Finance Commission Cycle for five years from 2021-22 to 2025-26 with an outlay of ₹13,554.42 crore," said a statement from the union ministry of micro, small and medium enterprises.

• The extension comes with changes to the existing scheme. Government has increased the maximum project cost from existing ₹25 lakh to ₹50 lakh for manufacturing units and from existing ₹10 lakh to ₹20 lakh for service units.

• The definition of village industry and rural area has also been changed for the scheme. Areas falling under Panchayati Raj institutions would be accounted under rural areas, whereas areas under municipality will be treated as urban areas, said the statement.

• “All implementing agencies are allowed to receive and process applications in all areas irrespective of the rural or urban category," it said. Further, PMEGP applicants under aspirational districts and transgender category will be treated as special category applicants and entitled for higher subsidy.