Subsidy for business loan, PMEGP scheme list PDF Download

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PMEGP scheme list: The Prime Minister's Employment Generation Programme (PMEGP) is an initiative launched by the Indian government to provide employment opportunities to youth and promote the development of micro and small enterprises (MSMEs). Under this scheme, entrepreneurs can avail loans ranging from Rs. 20 lakh to Rs. 50 lakh, with a subsidy of 15% to 35% provided by the government.

PMEGP full form= Prime Minister Employment Generation Programme

PMEGP Scheme Overview

FeatureDescription
ObjectiveGenerate employment opportunities through the establishment of micro enterprises in rural and urban areas.
Target AudienceAny Indian citizen above 18 years old.
Loan AmountUp to Rs. 50 lakh.
Subsidy15% to 35% depending on category, for loans up to Rs. 30 lakh through the online portal.
Eligible Businesses1056 listed activities across various sectors.
Key Eligibility CriteriaIndian citizen, 18+ years old, minimum 8th standard pass for loans above Rs. 10 lakh in manufacturing and Rs. 5 lakh in other sectors.
Required DocumentsAadhaar card, PAN card, passport photo, project report, cost estimates, building plan, land ownership proof, caste certificate (if applicable), rural area certificate (if applicable), skill development certificate, educational certificates.
Application ProcessFor loans up to Rs. 30 lakh: register and apply online on PMEGP portal. For higher amounts, contact banks/financial institutions.
Additional InformationLoans available for upgrading existing units. Interest rate set by bank/financial institution. Repayment period: 5 years.
Websitekviconline.gov.in/index.jsp

PMEGP scheme list

📁 Bank List 🏦PDF 📁 MSME Project list

 

Get 35% Subsidy for business loan, PMEGP scheme list PDF Download

Important Information for Availing PMEGP Loans:

Eligibility Criteria:

  • Applicants must be Indian citizens.
  • The minimum age of the applicant should be 18 years.
  • Applicants must have at least an 8th-grade education.
  • The applicant's business must be approved under the PMEGP.
  • The applicant should not have received a subsidy from the central or state government under any other scheme.

Required Documents:

  • Aadhaar card
  • PAN card
  • Passport size photo
  • Project report for the business
  • Estimated details of machinery and other items to be purchased
  • Estimated cost of building and setting up the unit
  • Ownership/lease agreement or rental agreement for the land
  • Caste certificate (if applicable)
  • Rural area certificate (if applicable)
  • Skill development program or EDP training certificate
  • Educational qualification certificate

How to Apply for the Loan:

  • To apply for a loan under the PMEGP scheme, visit the official website of PMEGP.
  • On the website, click on the "Apply for a New Unit" link.
  • After this, you need to register yourself and create a user ID and password.
  • After registration, you can log in and fill out the application form.
  • Once the application form is complete, you need to upload the required documents and submit the application.

Application Process:

  • After submitting the application, it will be sent to the bank for review.
  • If the application is approved, you will receive a loan approval letter from the bank.
  • Upon receiving the loan approval letter, you need to sign the loan agreement and avail the loan.

Important Points for Availing PMEGP Loans:

  • Before applying, check the list of approved businesses under the PMEGP scheme.
  • Ensure that the application form is filled out carefully and completely.
  • Make sure to upload all the necessary documents.
  • Read the loan agreement carefully before signing.

This information will be helpful for entrepreneurs seeking to avail loans under the PMEGP scheme.

Additional Information:

  • The interest rate on loans under the PMEGP scheme is determined by the bank.
  • The repayment period for the loan is up to 5 years.

For more information about the PMEGP scheme, individuals can visit the official PMEGP portal or contact banks/financial institutions. The PMEGP loan helpline number is 1800 3000 0034, and applicants can also obtain state-specific contact details on the official website.

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