Prime Minister's Employment Generation Programme (PMEGP) | StartupGrantsIndia

Prime Minister's Employment Generation Programme (PMEGP)

Ministry of Micro, Small & Medium Enterprises (MSME)

Details

Amount

Upto: ₹2,500,000

Provider

Ministry of Micro, Small & Medium Enterprises (MSME)

Stage

any Stage

About this Opportunity

The Prime Minister's Employment Generation Programme (PMEGP) is a credit-linked subsidy scheme aimed at generating employment opportunities in rural and urban areas of India by establishing new micro-enterprises. It provides financial assistance in the form of Margin Money (Government subsidy) through various banks for setting up manufacturing and service units. This scheme gives up to ₹25 lakh for manufacturing and ₹10 lakh for services.

Eligibility

Any individual above 18 years of age is eligible.
There is no income ceiling for assistance.
For projects costing above ₹10 lakh in manufacturing or above ₹5 lakh in the service/business sector, beneficiaries must possess at least an VIII standard pass educational qualification.
Assistance is available only for new viable projects specifically sanctioned under PMEGP.
Existing units and units that have already availed any Government subsidy (under PMRY, REGP, PMEGP, CMEGP, or any other scheme of Government of India or State Government) are not eligible, except for a second loan for existing (REGP/PMEGP/MUDRA) units.
Projects without Capital Expenditure (Term Loan) are not eligible.
The cost of land cannot be included in the project cost.
Applicants must possess a valid Aadhaar Number and consent to authenticate demographic details from the UIDAI server.
The unit must be a new one.

How to Apply

Beneficiaries can submit their application/project online on the KVIC website: kviconline.gov.in/pmegpeportal. The steps involve checking eligibility, authenticating Aadhaar details, generating a User ID and Password, logging in to the PMEGP portal, filling details, uploading required documents (Passport Size Photo, Highest Educational Qualification, Project Report, Social/Special Category Certificate if applicable, Rural area certificate if applicable), filling the Score Card, verifying details, and final submission. Applicants can track their application status online. You can download the offline application from here.

Apply Online

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