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Prime Minister’s Employment Generation Programme (PMEGP)



Prime Minister’s Employment Generation Programme (PMEGP) aims to provide employment opportunities to every individual.

Objective

  • To generate employment opportunities in Rural as well as Urban areas.
  • Setting up self employment ventures projects, micro enterprises and servicing units.

 Eligibility

  • Any individual above 18 years of age.
  • Assistance under scheme is available only to new projects.
  • For setting up projects above 10 lacs in manufacturing sector and above 5 lacs in service sector beneficiary  should be at least  8th pass.

Benefits

  • Maximum project cost is Upto Rs.25 lacs in manufacturing and upto Rs.10.00 lacs in servicing unit.
  • Nature of Subsidy and beneficiary contribution:
Category of beneficiaries under the scheme Contribution of beneficiary Rate of Subsidy (of Project Cost)  
Area   Urban Rural
General 10% 15% 25%
Special category  5% 25% 35%

How To Apply:

The beneficiary can submit an application along with scheme or project report to nearest KVIC/KVIB/DIC Bank Institutions.

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