Prime Minister's Employment Generation Programme

Rs.25.00 lakhs for the manufacturing unit and Rs.10.00 lakhs for Service Unit

Capital Expenditure Loan, one cycle of working capital and 10% of project cost as own contribution in case of General category and 5% of project cost in case of weaker section.

27 Public Sector Banks, Regional Rural Banks(RRB), Co-operative Banks, and Private Scheduled Commercial Banks approved by respective State Task Force Committee.

Working Capital at least once should touch the 100% limit of Cash Credit within three years of the Lock-in period of M.M. and not less than 75% of the utilization of the sanctioned limit on average.

The beneficiary can submit his/her application/Project online on kvic website www.kvic.org.in / kviconline.gov.in/pmegpeportal. A list of office addresses of KVIC/KVIB/DIC is available at our website.

Any Village Industry (except those mentioned in the negative list) located in the Rural Area which produces any goods or renders any service with or without the use of power and in which the fixed capital investment for head of a full time artisans or worker does not exceed Rs.1.00 lakh in plain area and Rs.1.50 lakhs in hilly areas and for A & N Island and Laxdeep Rs.4.5 Lakhs.

Any area classified as Village as per the revenue record of the State, irrespective of the population. It also includes an area even if classified as town provided its population does not exceed 20000.

Any adult beneficiary above 18 years is eligible for financing under PMEGP.

It should fulfill the criteria of rural area (for Rural Area project), per capita investment, own contribution, negative list, and the unit should be a new one

Before MM Claim through the PMEGP portal, EDP training of 10 working days for a Project cost of More than 5.00 lakhs and 6 Working days of training for up to Project Cost of 5.00 lakhs to the beneficiary is compulsory

As per RBI guidelines, the project costing up to Rs.10.00 lakhs under PMEGP loans are free from collateral security. The CGTSME provided a collateral guarantee for the project beyond Rs.5.00 lakhs and up to Rs.25.00 lakhs under the PMEGP scheme.

Answer: PMEGP stands for Prime Minister's Employment Generation Programme, which is a credit-linked subsidy scheme launched by the Ministry of MSME, Government of India, to generate employment opportunities in the country. The main objective of the scheme is to create self-employment opportunities for unemployed youth and women entrepreneurs in rural and urban areas.

Answer: Any individual above 18 years of age can apply for the PMEGP scheme. However, the maximum age limit for applying is 35 years for general category applicants and 40 years for SC/ST/OBC/PH/Women candidates.

Answer: You can apply for the PMEGP scheme through the online portal of KVIC, or offline by submitting the application form to the nearest KVIC office or bank. The application procedure involves filling up the application form, attaching the necessary documents, and submitting it along with the project report.

Answer: The PMEGP scheme supports various types of projects, including manufacturing, service, and business projects. The projects should be viable and have the potential to generate employment opportunities.

Answer: Under the PMEGP scheme, financial assistance is provided in the form of a subsidy, which ranges from 15% to 35% of the project cost, depending on the category of the applicant. The remaining amount can be obtained as a bank loan. The repayment period for the loan is generally 3 to 7 years.

Answer: No, an individual can apply for only one project under the PMEGP scheme. However, a group of individuals can apply for a group project, subject to a maximum of 10 members.

Answer: The documents required for PMEGP scheme application include a project report, proof of identity and address, caste certificate (if applicable), educational qualification certificate, and bank account details.

Answer: The processing time for the PMEGP scheme application varies from state to state and depends on various factors such as the completeness of the application, the availability of funds, and the number of applications received.

Answer: No, the PMEGP scheme is meant for setting up a new business or for expanding an existing business. An existing business is not eligible for financial assistance under the PMEGP scheme.

Answer: KVIC is the nodal agency for implementing the PMEGP scheme. It is responsible for receiving and processing the applications, conducting training programs, and disbursing the subsidy to the beneficiaries through the banks.

Answer: The project report is a detailed document that provides information about the proposed project, its feasibility, and financial viability. It includes details like project cost, sources of funding, marketing plan, and expected income and expenses. KVIC provides a format for preparing the project report, which can be downloaded from their website.

Answer: Yes, you can apply for the PMEGP scheme offline by submitting the application form along with the project report and necessary documents to the nearest KVIC office or bank.

Answer: Yes, you can apply for the PMEGP scheme online through the KVIC portal. The process involves registering on the portal, filling up the application form, and uploading the necessary documents.

Answer: The documents required for the PMEGP scheme application include proof of identity and address, educational qualification certificate, caste certificate (if applicable), project report, and bank account details.

Answer: No, you cannot make changes to your PMEGP scheme application after submission. Therefore, it is important to ensure that all the information provided in the application is accurate and complete before submitting it.

Answer: The processing time for the PMEGP scheme application varies from state to state and depends on various factors such as the completeness of the application, the availability of funds, and the number of applications received.

Answer: Once your PMEGP scheme application is approved, you will receive an approval letter from KVIC or the bank, along with the sanction letter stating the amount of subsidy and loan that you are eligible for.