Image PMEGP

The Prime Minister's Employment Generation Programme (PMEGP) is an initiative launched by the Government of India to generate employment opportunities in rural and urban areas through the establishment of new self-employment ventures, projects, and micro-enterprises. Here are some key details about PMEGP:

Objectives

  1. Generate Employment: Create sustainable employment opportunities in rural and urban areas.
  2. Reduce Migration: Reduce the need for rural residents to migrate to urban areas in search of work.
  3. Increase Artisan Income: Improve the income levels and living standards of artisans.
  4. Encourage Entrepreneurship: Foster entrepreneurial spirit and self-employment.

Benefits of the Scheme

  • Financial Assistance: The scheme provides financial aid in the form of margin money subsidy for setting up new ventures.
  • Subsidy Rates:
    • General Category: 15% (urban) and 25% (rural)
    • Special Category (SC/ST/OBC, minorities, women, ex-servicemen, physically handicapped, NER, hill and border areas): 25% (urban) and 35% (rural)
  • Loan Limits:
    • Manufacturing Sector: Up to ₹25 lakh
    • Service Sector: Up to ₹10 lakh

Required Documents

  1. Online Application: Applicants can apply online through the official PMEGP e-portal.
  2. Documentation: Submission of project report, personal ID, and address proof, proof of educational qualification, etc.
  3. Screening and Selection: Screening of applications by the respective agencies and banks.
  4. Training: Selected applicants undergo mandatory EDP (Entrepreneurship Development Programme) training.
  5. Loan Disbursement: Post-training, banks disburse the loan amount to the beneficiaries.

Who can Apply

Any individual above 18 years old, Self Help Groups, Institutions registered under Societies Registration Act, 1860, Production Co-operative Societies, and Charitable Trusts.

For more details

The progress and implementation of PMEGP projects are regularly monitored by KVIC, state-level agencies, and banks through various review meetings and reports.

For more detailed information and application procedures, you can visit the official PMEGP website.

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