Prime Minister Employment Generation Programme (PMEGP) is a subsidy scheme introduced by Khadi and Village Industries Commission (KVIC) at national level. PMEGP scheme provides government subsidy through designated banks that shall get disbursed to the entrepreneurs to their bank accounts. Under PMEGP scheme, the maximum amount of the project permissible in the manufacturing sector is Rs. 25 lakh and Rs. 10 lakh in the business or service sector.
Categories of beneficiary’s rate of subsidy under PMEGP area location is as under:
|Subsidy rate under PMEGP scheme as per Area/Location|
|General category||Beneficiary’s Contribution|
PMEGP scheme is also offered to physically handicapped, SC / ST / OBC / minorities / women, Ex-servicemen and border areas, etc. besides those who fall under general category. Interested applicants who need to apply for this subsidy scheme should be minimum 18 years. VIII standard is the basic passing criteria to avail this subsidy.
Further, let’s discuss regarding PMEGP online application process from which various people may be benefited.