Prime Minister Employment Generation Programme and Other Credit Support Schemes
Scheme for providing financial assistance to set up new enterprises under PMEGP
Eligibility
- Any individual above 18+yrs
- Must be 8th pass
- Only for new projects/units
- Not availed any other subsidy under any other government scheme
Benefit Description
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 Centres (DICs) and banks. In such cases KVIC routes government subsidy through designated banks for eventual disbursal to the beneficiaries / entrepreneurs directly into their bank accounts.
Other Details
- The maximum cost of the project shall be INR 25 lacs
- Benificery must contribute 10% of the project cost