PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME

BOI

Any individual, above 18 years of age
There will be no income ceiling for assistance for setting up projects under PMEGP
For setting up of project costing above ₹10.00 Lakh in the manufacturing sector and above ₹5.00 Lakh in the business/service sector, the beneficiaries should possess at least VIII standard pass education.
Assistance under the scheme is available only for new projects sanctioned specifically under PMEGP

Note : Existing units and the units that have already availed Government subsidy under any other scheme of Government of India or State Government are not eligible

BOI

For setting up new Micro enterprises:

Categories	Beneficiary’s contribution of project cost	Rate of Subsidy o project cost
		Urban	Rural
General	10%	15%	25%
Special categories	5%	25%	35%

The maximum cost of the project admissible for margin money subsidy under manufacturing sector is ₹50 Lakhs and business/service sector is ₹20 Lakhs respectively

BOI

Identification of Beneficiary

At district level by the State/District level implementation agencies and Banks.

Facility

Term Loan & Working Capital in form of cash credit

Project cost

Increase in maximum cost of the project/unit admissible for margin money subsidy under Manufacturing sector from Rs. 25 lakhs to Rs. 50 lakhs.
Increase in maximum cost of the project/unit admissible for Margin Money subsidy under service sector from Rs. 10 lakhs to Rs. 20 lakhs.

BOI

As per applicable rate of Interest

Repayment

Between 3 to 7 years after an initial moratorium as may be prescribed by Bank

BOI

For up-gradation of existing PMEGP/REGP/MUDRA

Margin money (subsidy) claimed under PMEGP has to be successfully adjusted on the completion of lock in period of 3 years.
First loan under PMEGP/REGP/MUDRA has to be successfully repaid in stipulated time.
The unit is profit making with good turnover and having potential for further growth in turnover and profit with modernization/upgrading the technology.

Whom to contact

State Director, KVIC
Address available at http://www.kviconline.gov.in
Dy. CEO (PMEGP), KVIC, Mumbai
Ph: 022-26714370
Email: dyceoksr[at]gmail[dot]com