Overview
The Chief Minister's Employment Generation Program (CMEGP) is a state government initiative designed to promote self-employment and entrepreneurship among the youth and unemployed individuals. This scheme provides financial assistance and subsidies to help establish micro and small enterprises.
Key Features
- Subsidy: 25-35% of the total project cost
- Maximum loan amount: ₹50 Lakh
- Covers both manufacturing and service sectors
- No collateral required for loans up to ₹10 Lakh
Eligibility Criteria
- Age: 18-45 years for general category, 18-50 years for reserved categories
- Educational qualification: Minimum 8th standard pass
- Should not have availed benefits under any other government scheme
- Family income should not exceed ₹1 Lakh per annum in rural areas and ₹1.5 Lakh in urban areas
Required Documents
- Aadhaar Card and PAN Card
- Educational certificates
- Caste certificate (if applicable)
- Project report and business plan
- Bank account details
