PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (PMEGP)

Purpose

  • To generate employment opportunities in rural as well as urban areas through setting up of self-employment ventures;
  • To provide continuance & sustainable employment to a large segment of traditional and prospective artisans and unemployed youth, so as to help arrest migration of rural youth to urban areas.

Age

Minimum 18years

Eligibility

  • Any adult individual beneficiary above 18 years of age
  • There will be no income ceiling for assistance under PMEGP
  • For setting up of project costing above Rs. 10 lakh in manufacturing sector and above Rs. 5 lakh in the business/service sector, the beneficiaries should possess at least VIII Standard pass education qualification.
  • Assistance under the scheme is available only for new projects sanctioned specifically under the PMEGP.

Quantum of Loan

Maximum limit:

  • Rs. 25.00 lakh for Manufacturing unit
  • Rs. 10.00 lakh for Service unit

Margin

  • General Category: 10%
  • Special Category: 5%

Interest Rate 

As per Bank's guidelines.

Visit KVIC Portal to Apply Online

 

Useful Links

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