Attractive Subsidy
Get 15-35% capital subsidy on project cost based on category and location (urban/rural)
Government Subsidy Scheme
PMEGP
Prime Minister Employment Generation Programme
Credit-linked subsidy scheme for generating self-employment through establishment
of
micro-enterprises in non-farm sector. Get 15-35% subsidy on project cost.
Who Can Apply?
✓
Age Criteria
Applicant should be above 18 years of age
✓
Education
Minimum 8th pass for projects costing above ₹10 lakh
✓
Business Type
New micro-enterprises in manufacturing, trading, or service sector
✓
Location
Available for both rural and urban areas across India
✓
Special Categories
Additional benefits for SC/ST, women, minorities, and differently-abled
✓
Training
Preference given to candidates who have undergone entrepreneurship training
Key Features
💰
🏢
Manufacturing Units
Maximum project cost of ₹50 lakh for manufacturing sector enterprises
🛍️
Service Sector
Maximum project cost of ₹20 lakh for business/service sector enterprises
👥
Employment Generation
Focus on creating sustainable self-employment and job opportunities
📋
Easy Application
Online application through KVIC portal with minimal documentation
🎯
Pan-India Coverage
Available across all states and union territories through KVIC and state DIC
Scheme Benefits
15% subsidy for general category in urban areas
25% subsidy for general category in rural areas
Collateral-free loan up to ₹10 lakh
Working capital support included
Training and skill development support
Marketing assistance provided
25% subsidy for special category in urban areas
35% subsidy for special category in rural areas
Interest subsidy on term loan
Technology and machinery support
Application Process
01
Online Registration
Register on PMEGP portal and complete online application form
02
Project Report
Submit detailed project report with cost estimates and business plan
03
Bank Processing
Application forwarded to bank for loan sanction and verification
04
Subsidy Release
After loan disbursement, subsidy amount credited to loan account
FAQs
Frequently Asked
Questions
Questions
For manufacturing units, the maximum project cost is ₹50 lakh. For business/service sector, it is ₹20 lakh. The subsidy ranges from 15-35% based on category and location.
Special categories (SC/ST, OBC, minorities, women, differently-abled, ex-servicemen, hill and border areas) get 35% subsidy in rural areas and 25% in urban areas.
No collateral is required for projects up to ₹10 lakh. For projects above ₹10 lakh, banks may ask for collateral as per their norms.
After submission of complete documents, the processing typically takes 45-60 days. This includes bank loan sanction and subsidy approval.
PMEGP is meant for new enterprises only. However, if you want to start a new unit in a different sector, you may be eligible. Existing units cannot apply.
Contact
Let’s Build
Intelligent Things
Intelligent Things
E-mail address
Info@naavbharat.com
Phone number
+91 90812 22372