Prime Minister's Employment Generation Program (PMEGP)

PMEGP is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME). The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centers (DICs), and Coir Board, known as the Implementing Agencies.

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WHY PMEGP

Benefits of the PMEGP Scheme

Discover how PMEGP supports aspiring entrepreneurs with government-backed subsidies and financial assistance to start and grow new micro-enterprises.

Government Subsidy

Receive a 15%–35% margin money subsidy on eligible bank loans.

Funding Support

Get financing for projects up to ₹50 Lakhs in manufacturing and ₹20 Lakhs in the service sector.

Higher Subsidy for Special Categories

Women, SC/ST, Minorities, Ex-Servicemen, Persons with Disabilities, and other eligible applicants can receive higher subsidy benefits.

Government Subsidy

Receive a 15%–35% margin money subsidy on eligible bank loans.

Funding Support

Get financing for projects up to ₹50 Lakhs in manufacturing and ₹20 Lakhs in the service sector.

Higher Subsidy for Special Categories

Women, SC/ST, Minorities, Ex-Servicemen, Persons with Disabilities, and other eligible applicants can receive higher subsidy benefits.

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ELIGIBILITY

Check Your Eligibility for PMEGP

Individuals aged 18 years or above

No income ceiling for eligible applicants

No educational qualification required for smaller projects

Minimum Class VIII pass for higher-value projects

Self Help Groups, Registered Societies, Cooperative Societies, and Charitable Trusts are also eligible

Existing businesses that have already received government subsidy under similar schemes are not eligible

Individuals aged 18 years or above

No income ceiling for eligible applicants

No educational qualification required for smaller projects

Minimum Class VIII pass for higher-value projects

Self Help Groups, Registered Societies, Cooperative Societies, and Charitable Trusts are also eligible

Existing businesses that have already received government subsidy under similar schemes are not eligible

OBJECTIVES

Building Employment Through Entrepreneurship

Generate Employment

Create new job opportunities in both rural and urban areas through micro-enterprises.

Support Local Entrepreneurs

Help artisans, skilled workers, and unemployed youth establish their own businesses.

Reduce Migration

Promote local employment opportunities to reduce migration from rural to urban areas.

Strengthen Rural Economy

Increase the earning capacity of entrepreneurs and contribute to long-term economic development.

Generate Employment

Create new job opportunities in both rural and urban areas through micro-enterprises.

Support Local Entrepreneurs

Help artisans, skilled workers, and unemployed youth establish their own businesses.

Reduce Migration

Promote local employment opportunities to reduce migration from rural to urban areas.

Strengthen Rural Economy

Increase the earning capacity of entrepreneurs and contribute to long-term economic development.

FAQ

Frequently Asked Questions for PMEGP

What is PMEGP?

Who can apply for PMEGP?

How much subsidy is available under PMEGP?

What is the maximum project cost allowed under PMEGP?

Is there any income limit to apply for PMEGP?

Do I need any educational qualification to apply?

Can an existing business apply under PMEGP?

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