Edukraze

Prime Minister's Employment Generation Programme

Ash Sharma

December 22, 2023

Unlock Your entrepreneurial potential with PMEGP! 

Government Support for Micro-Businesses 

What is PMEGP? 

PMEGP is a flagship initiative by the Ministry of Micro, Small and Medium Enterprises (MOMSME) to create sustainable employment through micro-enterprise creation. 

Benefits for Aspiring Entrepreneurs 

Subsidies: Up to 35% of project cost for SC/ST/Women/PH/Minorities/Ex-Servicemen/NER, 25% in rural areas, and 20% in urban areas. 

Benefits for Aspiring Entrepreneurs 

Bank Loans: Access to bank loans up to Rs. 10 lakh for manufacturing and Rs. 5 lakh for service sector. 

Benefits for Aspiring Entrepreneurs 

Entrepreneurship Development Training (EDP): Free training to equip beneficiaries with business skills. 

Who can Apply? 

Any Indian citizen above 18 years of age No income ceiling for assistance   Minimum educational qualification: VIII standard pass for projects above Rs. 10 lakh (manufacturing) and Rs. 5 lakh (service) 

Application Process & Support 

Online & Offline: Applications through PMEGP portal or District Industries Centers (DICs). 

Free EDP training provided to improve business skills. Website: https://kviconline.gov.in/pmegpeportal/pmegphome/index.jsp

Take the Leap, Embrace Self-Employment!  

To Know More Visit the Official Website of PMEGP and to Checkout our Website, Swipe Up!