PMEGP - Prime Minister's Employment Generation Programme

Overview

The Prime Minister's Employment Generation Programme (PMEGP) is a central government scheme that provides financial assistance for setting up micro enterprises in the non-farm sector. It aims to generate employment opportunities in rural and urban areas.

Key Features

• Subsidy: 15-35% of the total project cost
• Maximum loan: ₹25 Lakh (Manufacturing), ₹10 Lakh (Service)
• Higher subsidy rates for SC/ST/OBC/Minorities/Women/Ex-servicemen
• No collateral security required for loans up to ₹10 Lakh

Subsidy Rates

Eligibility Criteria

• Age: Above 18 years
• Educational qualification: Minimum 8th standard pass
• Should not have availed benefits under any other government scheme
• For existing units, should be in operation for at least 3 years