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Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q148: Which of the following agencies acts as the single national-level "Nodal Agency" for the implementation of the Prime Minister’s Employment Generation Programme (PMEGP)?

A
Small Industries Development Bank of India (SIDBI)
B
National Bank for Agriculture and Rural Development (NABARD)
C
Khadi and Village Industries Commission (KVIC)
D
District Industries Centre (DIC)
✅ Correct Answer: C
🎯 Quick Answer:
KVIC is the Nodal Agency.
Concept Definition: PMEGP Administration.
Structural Breakdown: 1. National Level: KVIC (under the Ministry of MSME) is the sole Nodal Agency responsible for policy formulation and fund routing.
2. Implementation: KVIC routes the government subsidy (Margin Money) through designated nodal banks directly to the beneficiary's account.
3. State Level Execution: While KVIC is the nodal agency, the scheme is implemented on the ground by State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs), and Coir Board.