Prime Minister's Employment Generation Programme

Edukraze Ash Sharma December 22, 2023

Government Support for Micro-Businesses

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

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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.

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

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

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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)

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

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

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Take the Leap, Embrace Self-Employment!

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

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