Prime Minister’s Employment Generation Programme(PMEGP)

Introduction:

Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy programme administered by the Ministry of Micro, Small and Medium Enterprises, Government of India. Khadi & Village Industries Commission (KVIC), is the nodal agency at national level for implementation of the scheme. Under this scheme, the beneficiary has to invest only 5-10% of the project cost while the government provides a subsidy of 15-35% of  the project based on different criteria. The participating banks provide the rest of the funds as term loans to the entrepreneur.

Eligibility & Benefits:

For the manufacturing sector, the maximum limit of cost of the project will be Rs. 25 lakh. For units in the business or service sector, this limit will be Rs. 10 lakh. Additionally, the per capita investment should not be more than Rs. 1 lakh in the plains and Rs. 1.5 lakh in the hilly regions. For the manufacturing sector, the maximum limit of cost of the project will be Rs. 25 lakh. For units in the business or service sector, this limit will be Rs. 10 lakh. Additionally, the per capita investment should not be more than Rs. 1 lakh in the plains and Rs. 1.5 lakh in the hilly regions.

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