Prime Minister’s Employment Generation Programme.
PMEGP Loan Benefits
Provides subsidy ranging from 15% to 35% of project cost, reducing repayment burden.
Supports new micro-enterprises in manufacturing (up to ₹50 lakh) and service sectors (up to ₹20 lakh).
No collateral or third-party guarantee required; CGTMSE covers credit guarantee.
Offers margin money subsidy to ease capital investment.
Generates localized employment opportunities in rural and urban areas.
Marketing support through KVIC exhibitions and sales outlets.
eligibility criteria
Eligibility
Indian citizen aged 18 years or above.
Educational qualification VIII standard pass for projects above ₹10 lakh (manufacturing) and ₹5 lakh (services).
New units only; existing businesses receiving government subsidies are ineligible.
Self-help groups, registered societies, charitable trusts, and production cooperative societies are eligible.
Only one person per family can avail the benefit.
- Competitively priced and tailored for you
- Get an overview on your loans in the app
Documents Required
Identity and address proof (Aadhaar, PAN, Voter ID, Passport).
Educational certificates.
Project report detailing the proposed business.
Bank passbook or cancelled cheque.
Caste certificate for special category applicants (if applicable).
Loan application form.
how it works
A faster, easier approach to business lending
Fill the form
Submit the PMEGP application form with required documents to KVIC or designated banks.
Documents Submission
Officials verify the documents, project feasibility, and conduct physical inspection.
Verify the Documents
On approval, the loan is sanctioned with applicable subsidy credited as margin money.
Get a loan approval and Disbursal
Loan amount is disbursed; borrower repays as per agreed schedule with subsidy easing repayments.