Prime Minister's Employment Generation Programme (PMEGP)
प्रधानमंत्री रोजगार सृजन कार्यक्रम (PMEGP)
Ministry / Dept: Ministry of Micro, Small and Medium Enterprises (MoMSME) • Agency: KVIC / KVIB / DIC / State KVIC Directorates
📋 Scheme Objective & Overview
Flagship credit-linked subsidy scheme by Central Govt to generate self-employment in rural and urban areas by setting up new micro-enterprises.
💰 Key Financial Benefits & Subsidy Details
- ✓Subsidy of 15% (Urban General), 25% (Rural General), 25% (Urban Special/Women/SC/ST), 35% (Rural Special/Women/SC/ST).
- ✓Own contribution is only 5% to 10% of total project cost.
- ✓Bank finances the balance 90% to 95% of project cost.
- ✓Second financial assistance up to ₹1 Crore available for upgrading existing performing PMEGP units.
🎯 Who is Eligible? (Eligibility Criteria)
- •Any individual above 18 years of age.
- •No income ceiling for setting up projects.
- •For projects above ₹10 Lakhs in manufacturing or ₹5 Lakhs in service, applicant must have passed 8th class.
- •Only for new projects; existing units or units that availed other subsidies are not eligible.
- •Self Help Groups (SHGs) and institutions registered under Societies Registration Act are also eligible.
Age Requirement: 18 to 65 years.
Education Qualification: 8th standard pass for projects costing > ₹10 Lakh in manufacturing and > ₹5 Lakh in services
📑 Mandatory Documents Required Checklist
Scanned PDF / Copies🚀 Step-by-Step Application Procedure
❓ Frequently Asked Questions (Prime Minister's Employment Generation Programme (PMEGP))
What is the maximum loan limit under Prime Minister's Employment Generation Programme (PMEGP)?
Eligible applicants can avail up to Up to ₹50 Lakhs (Manufacturing) / ₹20 Lakhs (Services) in financial assistance from authorized partner banks.
How much capital subsidy is provided?
The scheme provides 15% to 35% Margin Money Subsidy (Higher for Rural & Special categories) credited directly to the loan bank account upon milestone verification.
Is collateral security or mortgage required?
No collateral security required up to ₹10 Lakhs (CGTMSE covered up to ₹50 Lakhs).
Ready to apply for Prime Minister's Employment Generation Programme (PMEGP)?
Submit your online application through the official government portal.
Apply on Official Portal →Toll-Free Helpline: 1800-3000-0034 / 022-26711007
Check Your Complete Subsidy Eligibility
Answer 4 quick questions about your state, business sector, and loan amount to see all 50+ central & state schemes you qualify for.
Launch 1-Minute Quiz →Share with Entrepreneurs & Friends
Help other business owners, SHGs, and youth learn about this government subsidy.
Share on WhatsApp