About
The scheme aims to provide financial assistance to set up self-employment ventures and generate sustainable employment opportunities in rural as well as urban areas
Key benefits
• Margin Money subsidy ranges from 15% to 35% of project cost for projects up to INR 50 Lakh in the Manufacturing sector and INR 20 Lakh in the Service Sector
• For beneficiaries belonging to Special categories such as SC/ST/ Women/ Minorities/ Ex-Servicemen/ Transgenders/ Aspirational districts/NER, the margin money subsidy is 35% in rural areas and 25% in urban areas
For PMEGP new enterprises (Units) : Any individual, above 18 years of age. the units that have already availed of Government Subsidy under any other scheme of the Government of India or State Government are not eligible.
For setting up of project costing above Rs.10 lakh in the Manufacturing sector and above ₹ 5,00,000 in the Business /Service sector, the beneficiaries should possess at least VIII standard pass educational qualification. Assistance under the scheme is available only for new projects sanctioned specifically under the PMEGP.
Visit the official website https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp. • Click on the “Apply” button under the “Application For New Unit” tab
Furnish all the required details on and click on Save Applicant Data.
On the next page, upload the required documents and proceed for final submission.
