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  3. Prime Minister's Employment Generation Programme (PMEGP)
All India

Prime Minister's Employment Generation Programme (PMEGP)

Ministry of Micro, Small and Medium Enterprises (MSME) / Khadi and Village Industries Commission (KVIC)

About This Scheme

Status: active. A credit-linked subsidy programme merging the erstwhile REGP and PMRY schemes, aimed at generating self-employment through setting up of micro-enterprises in the non-farm sector. Beneficiaries take a bank loan for a new project, and the government provides a one-time capital subsidy on the project cost.

Eligibility Criteria

  • Individuals above 18 years of age setting up a new micro-enterprise
  • Eligible stage: idea
  • Minimum VIII standard pass for projects above Rs 10 lakh (manufacturing) or Rs 5 lakh (service/business)
  • Only new projects eligible
  • Only one person per family eligible

Benefits

Margin money subsidy of 15% to 35% of project cost (higher rate for women/SC/ST/OBC/PwD/NER/rural applicants), for new manufacturing projects up to Rs 25 lakh or service/business projects up to Rs 10 lakh.

How to Apply

  • Applications accepted on a rolling basis
  • Apply via the official portal: http://www.kviconline.gov.in/pmegp/pmegponlineapp

Quick Info

Amount / Funding
Rs 25 lakh
State / Region
All India
Ministry / Dept
Ministry of Micro, Small and Medium Enterprises (MSME) / Khadi and Village Industries Commission (KVIC)
Apply Now →
Tags
subsidycentral_governmentagritechmanufacturingsocial_impact