The Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy scheme aimed at generating self-employment opportunities through micro-enterprise establishment.
Key Features:
- Loan amount up to Rs. 50 lakhs (manufacturing) and Rs. 20 lakhs (service sector)
- Subsidy of 15% to 35% based on category and location
- Repayment period of 3 to 7 years
- No collateral for loans up to Rs. 10 lakhs
Eligibility Criteria:
- Age 18 years and above
- Minimum 8th standard pass for manufacturing units above Rs. 10 lakhs and service sector units above Rs. 5 lakhs
- Self-help groups, cooperative societies, and individuals eligible
Documents Required:
- Business plan and project report
- Aadhaar and PAN of applicant
- Educational and experience certificates
- Bank statements and financial documents
