Subsidy

PMEGP

PMEGP is a credit-linked subsidy scheme to generate employment by promoting new micro enterprises. Margin money subsidy is provided on project cost, making it attractive for first-generation entrepreneurs in manufacturing and service sectors.

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PMEGP Overview

Up to ₹50 Lakh (manufacturing) / ₹20 Lakh (service)

Prime Minister's Employment Generation Programme

Max Amount

Up to ₹50 Lakh (manufacturing) / ₹20 Lakh (service)

Interest Rate

As per bank norms

Tenure

3–7 years (as per project)

Collateral

As per bank policy; subsidy reduces project cost

Eligibility

  • Individuals 18+ years (no income ceiling for own project)
  • Existing units not eligible (new units only)
  • Educational criteria vary by project cost bracket
  • Only one person per family eligible for subsidy

Key Benefits

  • Margin money subsidy (15–35% of project cost)
  • Supports rural and urban employment
  • Wide sector coverage
  • Implemented through KVIC / DIC / KVIB

Documents

  • EDP training certificate (if applicable)
  • Project report and cost estimates
  • Caste / category certificates (if applicable)
  • KYC and address proof
  • Quotations for plant & machinery
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How We Help You Access PMEGP

1

Scheme Assessment

We review your business profile and match eligible central and state schemes.

2

Eligibility Mapping

Clear guidance on criteria, subsidy benefits, and lender options.

3

Application Support

Help preparing project reports, forms, and lender-ready documentation.

4

Submission & Follow-up

Coordinate with banks and agencies until sanction and disbursement.

Ready to check if you qualify?

Share your business profile and we will guide you through PMEGP eligibility and application.

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