PMEGP

The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks. In such cases KVIC routes government subsidy through designated banks for eventual disbursal to the beneficiaries / entrepreneurs directly into their bank accounts.

Eligible Boroowers:

  • Individuals above 18 years of age
  • VIII Std. pass required for project above Rs.10.00 lakhs in manufacturing and above Rs. 5.00 lakhs for Service Sector
  • Self Help Groups and Charitable Trusts
  • Institutions Registered under Societies Registration Act- 1860
  • Production based Co-operative Societies

 

Categories of beneficiaries under PMEGP

Beneficiary’s own contribution (of project cost)

Rate of Subsidy

 

 

 

Urban

Rural

General Category

10%

15%

25%

Special (including SC/ST/OBC /Minorities/ Women, Ex-Servicemen, Physically handicapped, NER, Hill and Border areas etc)

5%

25%

35%

  • Rate of Interest  :  Competitive rate of interest linked to RLLR/MCLR.