Collateral FREE Loan Upto ₹50 Lakh From Banks | Finance | Business #shorts
🟩 Government of India introduced the scheme in
August 2008 by merging PMRY and REGP.
🟩 PMEGP is a central sector scheme being
administered by the Ministry of Micro, Small &
Medium Enterprises (MoMSME).
🟩The scheme is being implemented by KVIC at
nodal level. At state level KVIB & DIC.
🟩 Objectives of this scheme is generate employment in Rural as well as urban areas through setting up of new
self-employment ventures/projects/micro
enterprises.
🟨 Eligibility: Individuals above 18 years. No income
ceiling.
🟨 For setting up of project costing above Rs.10 lakh
in the Manufacturing sector and above Rs. 5 lakh
in the Business /Service sector, the beneficiaries
should possess at least VIII standard ( 8th Standard ) pass educational qualification.
🟨 Assistance under the scheme is available only for
new projects sanctioned specifically under the
PMEGP.
🟨 Existing Units (under PMRY, REGP or any other
scheme of Government of India or State
Government) and the units that have already
availed Government Subsidy under any other
scheme of Government of India or State
Government are not eligible.
🟨 The maximum cost of projects is Rs. 50 lakh in
the manufacturing sector and Rs.20.00 lakh in
the service sector.
🟨 Subsidy :-
🟡General category :-15%(Urban), 25%(Rural),
🟡Special Category :- 25%(Urban), 35%(Rural)
(including SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, NER, Hill and Border areas, etc )
Portal Link 🔗 :-
https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp
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