New Delhi, Jan. 31 -- The Prime Minister's Employment Generation Programme (PMEGP) is a demand-driven scheme, with final approval, sanction and release of loans undertaken by the concerned financing banks based on project viability and their independent credit appraisal.

This information was provided by Minister of State for MSMEs Shobha Karandlaje, in a written reply to Lok Sabha.

The Ministry of Micro, Small and Medium Enterprises (MSME) said that banks assess proposals in line with their internal policies, while coordination and monitoring are ensured through regular Bankers' Committee meetings at block, district and state levels, as mandated under the RBI's Lead Bank Scheme.

In addition, State Level Monitoring Committees (SLMCs) an...