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