The Prime Minister’s Employment Generation Programme (PMEGP) is a government-sponsored credit-linked subsidy scheme aimed at generating employment opportunities through the establishment of micro-enterprises in the non-farm sector. It provides financial assistance to individuals and self-help groups to set up new ventures and promote entrepreneurship across rural and urban India.

Objective of PMEGP

• Generate employment through self-employment projects

• Encourage new entrepreneurs from economically weaker sections

• Promote rural industrialization and inclusive growth

• Support traditional artisans, craftspeople, and small-scale manufacturers

Eligibility Criteria

• Individuals above 18 years of age

• At least 8th standard pass for projects above ₹5 lakh (manufacturing) or ₹2 lakh (services)

• Self-help groups, charitable trusts, and co-operative societies

• No previous benefit from similar subsidy-linked government schemes

Loan Amount & Subsidy Structure

• Maximum Project Cost:

  • ₹25 lakh for manufacturing units

  • ₹10 lakh for service sector units

• Subsidy (Back-End):

  • 15–35% of project cost, based on applicant category and location

  • Balance is financed by banks as a term loan

Features of PMEGP Loan

• Collateral-Free Finance for projects up to ₹10 lakh (as per CGTMSE norms)

• Promotes first-generation entrepreneurs

• Encourages non-farm micro enterprises

• Available through major banks and financial institutions

• Loans available with flexible repayment terms (up to 7 years)

Documents Required

• Aadhaar and PAN card

• Educational qualification certificate

• Detailed project report (DPR)

• Caste certificate (if applicable)

• Passport-size photographs

• Bank account details

• Udyam Registration (MSME)

Why Choose Us for PMEGP Loan Assistance?

• Expert guidance through eligibility and documentation

• Project report preparation as per bank standards

• Assistance in online application and follow-up

• Support till loan sanction and disbursal

• Personalized consultation for business planning

Turn your business idea into reality with government support.