Job Creation

PMEGP Loan Crisis Deepens as MSME Job Creation Falls by 3.5 Lakh

PMEGP Loan Crisis Deepens as MSME Job Creation Falls by 3.5 Lakh

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May 10, 2026

Sharp decline in PMEGP loan approvals and applications has raised concerns over employment generation, MSME growth, and banks’ willingness to fund small businesses amid economic uncertainty.