47. IMPACT OF PRIME MINISTERS EMPLOYMENT GENERATION PROGRAMME (PMEGP) ON ENTREPRENEURSHIP INCITATION AMONG YOUNG GENERATION

The Prime Minister’s Employment Generation Programme (PMEGP) is a flagship initiative by the Government of India aimed at stimulating self-employment through micro-enterprises in both rural and urban India. This research paper examines the impact of PMEGP on inciting entrepreneurship among the youth, based solely on a thorough review of existing literature, case studies, government reports, and academic journals. The paper discusses the objectives of the scheme, methodological approaches in prior studies, and presents synthesized findings that highlight the scheme’s influence on entrepreneurial motivation, skill development, socio-economic inclusion, and employment generation among young Indians. It also outlines existing gaps and provides recommendations for policy strengthening.