Subsidy

PMEGP

PMEGP is a credit-linked subsidy scheme to generate employment by promoting new micro enterprises. Margin money subsidy is provided on project cost, making it attractive for first-generation entrepreneurs in manufacturing and service sectors.

PMEGP Overview

Up to ₹50 Lakh (manufacturing) / ₹20 Lakh (service)

Prime Minister's Employment Generation Programme

Max Amount

Up to ₹50 Lakh (manufacturing) / ₹20 Lakh (service)

Interest Rate

As per bank norms

Tenure

3–7 years (as per project)

Collateral

As per bank policy; subsidy reduces project cost

Eligibility

  • Individuals 18+ years (no income ceiling for own project)
  • Existing units not eligible (new units only)
  • Educational criteria vary by project cost bracket
  • Only one person per family eligible for subsidy

Key Benefits

  • Margin money subsidy (15–35% of project cost)
  • Supports rural and urban employment
  • Wide sector coverage
  • Implemented through KVIC / DIC / KVIB

Documents Required

  • EDP training certificate (if applicable)
  • Project report and cost estimates
  • Caste / category certificates (if applicable)
  • KYC and address proof
  • Quotations for plant & machinery

How We Help You Access PMEGP

End-to-end support from scheme matching to sanction and disbursement.

1

Scheme Assessment

We review your business profile and match eligible central and state schemes.

2

Eligibility Mapping

Clear guidance on criteria, subsidy benefits, and lender options.

3

Application Support

Help preparing project reports, forms, and lender-ready documentation.

4

Submission & Follow-up

Coordinate with banks and agencies until sanction and disbursement.

Not sure which scheme you qualify for?

Share your business profile. Our advisors will map the right central or state scheme and help you apply — free consultation, no obligation.