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PMEGP — Prime Minister's Employment Generation Programme

Credit-linked subsidy scheme for new micro-enterprises with margin money subsidy up to 35%.

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Overview

PMEGP is a flagship credit-linked subsidy scheme of the Ministry of MSME, implemented by KVIC. It helps create employment opportunities by setting up new micro-enterprises in non-farm sectors. Eligible beneficiaries get capital subsidy on the project cost via participating banks.

Loan amount

Up to ₹50 lakh (manufacturing) / ₹20 lakh (service & business).

Interest rate

Bank's prevailing rate (typically 11%–14% p.a.).

Subsidy / Guarantee

15%–35% margin-money subsidy depending on category & area (Urban/Rural, General/Special).

Eligibility

  • Indian citizen, 18+ years
  • Min 8th pass for projects > ₹10L (manufacturing) / > ₹5L (service)
  • Only new units; existing/already-subsidised units not eligible
  • Self-help groups, charitable trusts, co-operative societies also eligible

Documents required

  • Aadhaar & PAN
  • Caste / Special-category certificate (if applicable)
  • Project Report (DPR)
  • Educational qualification proof
  • Address proof of unit location

How to apply

  • 1Register on the KVIC PMEGP e-portal
  • 2Submit online application with project report
  • 3District Task Force interview
  • 4Bank sanction & disbursal
  • 5EDP training & subsidy release after lock-in

Official portal: https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp

Visit official portal

Disclaimer: Scheme eligibility, approval, and benefits are determined solely by the relevant government authorities, banks, and implementing institutions.

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