SELF-EMPLOYEMENT,pmegp
SAGAR WATCH/Prime Minister's Employment Generation Program (PMEGP) is a credit-linked subsidy scheme. Which is supported by the Government of India.
Under this scheme, the beneficiaries can get subsidies ranging from 15% to 35% of the project cost from the government.
PMEGP is an initiative of the Ministry of Micro, Small and Medium Enterprises. This Scheme is being implemented at the national level by the Khadi and Village Industries Commission (KVIC).
As an entrepreneur, PMEGP can give you (The beneficiary) the financial support you need to set up a new project.
Objective Of The PMEGP Scheme
To start new self-employment programmes, micro-enterprises and enterprises to create jobs in urban and rural areas of India.
To create self-employment options for highly dispersed traditional artisans/unemployed rural and urban youth.
To prevent migration of unemployed youth from villages to cities, to create long-term and continuous employment for them.
To enhance the earning potential of artisans to accelerate rural and urban employment growth.
What is PMEGP stands for?
PMEGP stands for Prime Minister Employment Generation Scheme.
What is the purpose of the PMEGP scheme?
PMEGP scheme is launched to provide financial assistance to set up new enterprises.
Which department will implement the PMEGP scheme?
The scheme is implemented by the 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.
What kind of assistance will the beneficiaries get under the PMEGP scheme?
The maximum cost of the project/unit admissible in the manufacturing sector is ₹ 25 lakhs, and in the business/service sector, it is ₹ 10 lakhs.
Categories of Beneficiary’s Rate of Subsidy under PMEGP (of project cost)
Area (location of project/unit) General category 15%(Urban), 25%(Rural), Special 25%(Urban), 35%(Rural)
(including SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, NER, Hill and Border areas, etc.)
The balance amount of the total project cost will be provided by the banks- in the form of term loans and working capital.
What is the eligibility to apply for the PMEGP scheme?
The State/Divisional Directors of KVIC in consultation with KVIB and the Director of Industries of respective states (for DICs) will give advertisements locally through print & electronic media inviting applications along with project proposals from prospective beneficiaries desirous of establishing the enterprise/ starting of service units under PMEGP.
The beneficiaries can also submit their application online at the website and take the printout of the application and submit the same to respective offices along with Detailed Project Report and other required documents.
Who can be contacted for detailed information about the PMEGP scheme?
State Director, KVIC
Address available at the website
Dy. CEO (PMEGP), KVIC, Mumbai
Ph: 022-26711017
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