The PMEGP (Prime Ministers Employment Generation Program) is a subsidizing drive that helps MSMEs in extending or settling their ongoing organizations. People who need to begin another business can likewise get this loan.
The drive is carried out by the Khadi and Village Industries Commission (KVIC), which fills in as the public nodal body. State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centers (DICs), and banks work the arrangement at the state level.
In such conditions, KVIC courses government endowments through chose banks, with the assets in the end being sent straightforwardly to the beneficiaries/business people’s financial balances.
PMEGP Scheme: Loan form
The maximum expense of the undertaking/unit passable in the maturity area is Rs.25 lakh and in the business/administration area it is Rs.10 lakh.
Recipient rate appropriation classes under the PMEGP (of venture cost)
Region (Project/Unit Location)
General Category: 15% (Urban), 25% (Rural),
Extraordinary Category: 25% (Urban), 35% (Rural)
(This incorporates SC/ST/OBC/Minorities/Women, Ex-Servicemen, Physically Handicapped, NER, Hilly and Border Areas, etc.)
Banks will supply the excess part of the general task cost as a term loan and working capital.
PMEGP Scheme: Who can apply?
Any individual beyond 18 years old can apply, yet the person probably finished basically VIII norm for projects costing more than Rs. 10 lakh in the assembling area and more than Rs. 5 lakh in the business/administration area. Under the PMEGP, just new activities are analyzed for endorsement. Organizations enrolled under the Societies Registration Act, 1860; Production Co-employable Societies, and Charitable Trusts are additionally qualified.
Existing units (under PMRY, REGP, or some other Government of India or State Government plan) and units that have recently gotten Government Subsidy under some other Government of India or State Government program are not qualified.
PMEGP Scheme: How to apply?
In discussion with KVIB and the Director of Industries of particular states (for DICs), the State/Divisional Directors of KVIC will publicize locally on paper and electronic media, welcoming applications and undertaking recommendations from planned recipients keen on laying out a business or beginning a help unit under the PMEGP.
The recipients can likewise present their application online at https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp and take the printout of the application and present something very similar to individual workplaces alongside the Detailed Project Report and other required documents.
Whom to contact?
State Director, KVIC
Address accessible at http://www.kviconline.gov.in
Dy. Chief (PMEGP), KVIC, Mumbai
Ph: 022-26711017
Email: ykbaramatikar[dot]kvic[at]gov[dot]in
