M3 Banking Loan Consultancy

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M3 Banking Loan Consultancy

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  • New Business
    • PMEGP
    • AABCS
    • NEEDS
    • UYEGP

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Prime Minister’s Employment Generation Programme (PMEGP)

Check out this great video, Mr. Mohan Marimuthu sir have explained the Loan Scheme Clearly. Feel Free to ask if any queries raise.

Objective

Eligibility

Eligibility

  

  • "Prime Minister Employment Generation Programme (PMEGP)" is a credit-linked subsidy scheme launched by Micro, Small and Medium Enterprises (MSME). 


  • The scheme aims to generate employment opportunities through the establishment of micro-enterprises in the non-farm sector as well as farm sector for rural as well as urban areas.


  • Under this scheme, Government will provide a 25% subsidy for Urban area, 35% subsidy for Rural area.

Eligibility

Eligibility

Eligibility

  

  • The scheme is available only for new projects; only one person from a family is eligible for obtaining margin money under the PMEGP.

              Note: The family includes self and spouse. 


  •   Minimum age limit is 18, No Maximum age limit.


          Manufacturing sector:

  • Project costing up to Rs 50.00 lakhs (Project cost above Rs.10 lakhs the beneficiaries should have passed at least VIII standard)

          Service sector:

  • Project costing up to Rs 20.00 lakhs (Project cost above Rs.5 lakh, the beneficiaries should have passed at least VIII standard  

Subsidy Details'

Documents Required to Apply Online

Documents Required to Apply Online

         Subsidy For Special category: -


  • Urban areas 25% of Subsidy 


  • Rural areas 35% of Subsidy


  • Beneficiary's contribution must be 5% in the total Project Cost.


For forward community: - 


  • Urban areas 15% of Subsidy 


  • Rural areas 25% of Subsidy


  • Beneficiary's contribution must be 10% in the total Project Cost. 

Documents Required to Apply Online

Documents Required to Apply Online

Documents Required to Apply Online

  • Identity Proof


  • Copy of PAN Card


  • Passport size Photo


  • Project Report Quotation


  • Rural Areas Certificate


  • Proof of age


  • Bank Account Details


  • Any Other document if required 

PMEGP PORTAL

Click here to Apply Online
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