PMEGP Loan Yojana It has been started by the Central Government to promote self-employment, if you want to start a business of your own, then this scheme provides you the help of loan.
Prime Minister’s Employment Generation Program The interest rate on business loans available for doing business under PMEGP is very low and the loan tenure is only 3 to 7 years.
What is special about corporate loans offered as part of the PMEGP loan scheme is that even here, up to 35% is subsidized by the state.
Central government PMEGP Scheme 2024 It focuses on providing loans to as many people as possible under the Today we will provide you all the information related to this scheme through this article, including the application process, documents and eligibility.
PMEGP Loan Yojana In Hindi
PMEGP is a government loan scheme. Full form of this program Prime Minister Employment Generation Program (PMEGP). Business loans are available for self-employed under PMEGP.
This scheme PMEGP in Hindi Prime Minister’s Employment Generation Program also known as. many people use this program business loan also say, Because in this program loans are given to those who want to start a business.
PMEGP Loan Scheme i.e. Prime Minister Employment Generation Program is a subsidy scheme related to business loans. This program is implemented by the Ministry of Micro, Small and Medium Enterprises, Government of India.
Khadi and Village Industries Council (KVIC) It is the nodal agency that broadcasts the Pradhan Mantri Rojgar Yojana at the national level. At the state level the program is implemented through KVIC, KVIB and Regional Industrial Centres.
Loan of PMEGP Scheme
PMEGP Business Loan can be used to start a business with very low interest rates and repayment terms ranging from 3 to 7 years.
The special feature of business loans provided under the PMEGP loan scheme is that the government also provides a subsidy of up to 35%.
Subsidy given in PMEGP scheme
- Under this scheme open category unemployed youth 25 percent subsidy will be given for starting industries in rural management and 15 percent for starting industries in urban management, in which you will have to pay 10 percent of the total amount.
- Special category / OBC (SC, ST, OBC) Ex-servicemen will be given 35 percent support to start industries in rural category and 25 percent support will be given to start industries in urban category and in this you will get 5% money yourself You only have to give.
Also read:
Information about 45 government schemes in Hindi
Prime Minister’s new schemes
PMEGP Yojana 2024
| scheme name | Prime Minister’s Employment Generation Program |
| what kind of plan | Central government |
| beneficiary | self-employed youth of the country |
| purpose | Providing loan facility to promote self-employment |
| application system | online |
| official website | www.kviconline.gov.in |
Business Loan: PMEGP Yojana
The objective of the Prime Minister’s Employment Generation Program is to provide loans to those youth / citizens who want to take the step of self-employment, that is, to create a business of their own.
That is why this pmegp scheme is also called business loan scheme. There is no income limit to avail this loan.
The PMEGP loan is only available to new businesses and is not available to existing businesses formed under PMRY, REGP, or any other government program.
Any company which has received subsidy under any other program will not be eligible for PMEGP loan.
प्रधानमंत्री मुद्रा लोन योजना 2024
एमपी मुख्यमंत्री उद्यम क्रांति योजना 2024
प्रधानमंत्री नरेंद्र मोदी योजना 2024
Objectives of Prime Minister’s Employment Generation Program
- Starting a new business for employment in rural and urban areas.
- Bringing together unemployed youth in both rural and urban areas and creating self-employment opportunities
- Providing permanent employment, looking for work
- After completing seasonal work, remain unemployed till the end of the year.
- Increase in income for artisans, increase in employment growth rate in rural and urban areas.
PMEGP Yojana Subsidy and Funding
| Beneficiary Categories | Beneficiary share (of total project) | Subsidy Rate (From Govt) – Urban | Subsidy Rate (From Govt) – Rural |
|---|---|---|---|
| General | 10% | 15% | 25% |
| Specific | 5% | 25% | 35% |
Special for SC, ST, OBC, Minority, Female, Physically Handicapped, Ex-Serviceman, Hill and Border Area, NRI etc.
The balance amount of the total project cost will be made available to the micro-entrepreneur as a fixed term loan by the banks. This term loan is commonly known as PMEGP loan.
Which industries can start PMEGP Scheme 2024?
- forest industry
- mineral based industries
- food industry
- agriculture based
- mechanical Engineering
- chemical based industries
- Textile Industry (Except Khadi)
- service industry
Applicant list for caste/category
- Planned Caste (SC)
- dogs of War
- Planned Trunks (ST)
- Handicap
- Other Reverse Class (OBC)
- People in the North East of the State
- Minority
- People living in border areas and hills
- Women
Eligibility for Prime Minister’s Employment Scheme
The following people are eligible for the PMEGP programme:
- Any person above the age of 18 years.
- Candidate should be educated –
- All Self Help Groups (SHGs) who do not use any other services,
- They are also entitled to use the services of Pm Rojgar Yojana.
- Company registered under Companies Act 1960
- Non-Profit Societies and Co-operatives
Documents Required for PMEGP Loan
Following documents are required to apply for PMEGP Business Loan
- project report
- bread card
- Aadhar card
- 8th pass certificate
- Identity and address proof
- Special Category Certificate (if required)
- Certificate of Entrepreneurship Program (EDP) Training
- SC/ST/OBC/Minorities/Ex-Servicemen/PHC Certificate
- Educational Technology Certificate
PMEGP Scheme 2024 Loan Bank List
This PMEGP Loan Loans are provided by private and public banks, regional rural banks (RRBs), credit unions, small financial banks (SFBs), NBFCs, foreign banks and urban line banks.
Given below is the list of banks offering loans under PMEGP:
| Union Bank of India | UCO Bank | IDFC First Bank |
| Bank Of Baroda | HDFC Bank Ltd. | Indian Bank |
| Central Bank Of India | ICICI Bank Ltd. | Kotak Mahindra Bank |
| bank of india | axis Bank | Punjab National Bank |
| Canara Bank | State Bank Of India |
What is the PMEGP Business Loan Process?
Government provides business loan under PMEGP loan to those people who want to start their own business.
However, there is also a condition for availing business loan from the program that the amount that the individual wants as business loan should be self-invested up to 10% of the entire amount.
If you want to start a business and need capital for it, then you can do so with the help of Prime Minister Employment Generation Program- PMEGP Yojana in very less money.
How to apply for PMEGP Loan 2024?
If you want to apply in this PMEGP Yojana, which provides subsidy on loan started under the government to start your business, then tell that this process is easy.
You can complete your application by following some simple instructions mentioned in the following steps.
First stage:
- first you go to.
- you on the home page Online Application Form of Individual Click on the option.
- Now a form will open in front of you.
- Fill the information asked in it carefully.
- After filling all the information you have to click on Save Applicant Data.
- Now download your form. (go to second step)
Second Step:
- Take a print out of your downloaded form.
- Submit this printed form to your nearest KVIC/KVIB or DIC.
- There will be an interview process by the nodal agency chosen by them.
- If your business model/project is selected, it is now sent to the bank.
- Now the bank will inspect your project, location and pass the loan.
- now Entrepreneur Development (EDP) After getting training, training certificate has to be submitted to kvic/kvib/dic and bank.
- Your subsidy will be sent by the government to the bank.
Similarly you can also apply for these options;
- Individual
- non-individual
What is the Process to Apply PMEGP Individual Online?
- First of all you go to the official website.
- you on the homepage Online Application Form For Individual To click on the button.
- Now you will go to other page where you will get an online form.
- Fill all the required information asked in this form and submit it.
- and finally Save Applicant Data Click on
- In this way your application will be completed.
What is the Process to Apply PMEGP Non-Individual Online?
- First of all you go to the official website.
- you on the homepage Online Application Form For Non-Individual To click on the button.
- Now you will go to PMEGP Portal tab.
- Here you will find four types of non-individual categories. which is like this :
- Self Help Groups (SHGs)
- Trust
- Regd. Institutions
- Co-operative Societies
- Now according to the category you will select, you will get the Non Individual Application Form.
- You have to fill the required information asked in this form, and upload the required documents.
- and finally Save Applicant Data Click on
- In this way your application will be completed.
contact information
In this article, we have provided you all the important information about PMEGP Scheme.
If you are still facing any problem, then the best way to solve your problem is to write an email. E mail ID [email protected] Is.
FAQs: pmegp loan scheme (Q&A)
The special thing about the business loan available under the PMEGP loan scheme is that up to 35% subsidy is also available by the government in this.
official website kviconline.gov.in Is.
Under the PMEGP scheme, this scheme has been started for the educated families and unemployed people.
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