Prime Minister Employment Generation Programme (PMEGP) | Term loan and Financial subsidy to Other Backward Caste entrepreneurs for setting up new service units in urban areas

Operated by
Ministry of Micro, Small & Medium Enterprises - ARI Division - Khadi and Village Industries Commission, Central Government
Purpose
To generate employment opportunities in urban areas through setting up of new self-employment ventures/projects/micro enterprises, the board provides Term loan and Financial subsidy to Other Backward Caste entrepreneurs for setting up new service units in Urban areas.
Probable duration
Start Date: 1st April, 2008 End Date : Not Known

Eligibility

  • Minimum age - 18 years of age.
  • There will be no income ceiling for Assistance for setting up projects under PMEGP.
  • For setting up of project costing above Rs.10 lakh in the manufacturing sector, the beneficiaries should possess at least VIII standard pass educational qualification.
  • Assistance under the Scheme is available only for new projects sanctioned specifically under the PMEGP.
  • Units that have already availed Government Subsidy under any other scheme of Government of India or State Government are not eligible.

Benefit Description

Prime Minister Employment Generation Programme (PMEGP) - Term loan and Financial subsidy to Other Backward Caste entrepreneurs for setting up new service units in urban areas

Application process

Appilication form is given on the page 23-24 of the PDF which can be retrived from the following link : http://www.kviconline.gov.in/pmegp/pmegpweb/docs/pdf/PMEGPscheme.pdf 

Other Details

Conditions if Any
  • A certified copy of the caste/community certificate or relevant document issued by the competent authority in the case of other special categories, is required to be produced by the beneficiary to the concerned branch of the Banks along with the Margin Money (subsidy) Claim.
  • The maximum cost of the project/unit admissible under manufacturing sector is Rs.10 lakh.
More Information
Annexure Link:
Please Refer to page 23-24 of the PDF which can be retrieved from the following link : http://www.kvic.org.in/PDF/PMEGPscheme.pdf 

Link:
Refer Page no.2 of the PDF which can be retrived from the following link : 
http://www.kviconline.gov.in/pmegp/pmegpweb/docs/pdf/PMEGPscheme.pdf 

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