Overview
The Prime Minister’s Employment Generation Program (PMEGP), is a flagship credit linked subsidy scheme promoting employment and entrepreneurship. Administered by the Ministry of Micro, Small, and Medium Enterprises (MSME), it seeks to establish micro enterprises in the non farm sector across both rural and urban areas.
Key points
- Localized Employment: Focuses on creating self employment opportunities in rural areas, reducing the need for migration to urban centers.
- Aadhaar Card and PAN Card
- Caste Certificate (if applicable)
- Special Category Certificate (if applicable)
- Rural Area Certificate
- Project Report
- Education/EDP/Skill Development Training Certificate
- Additional documents as required on a case to case basis
Benefits of the PMEGP Loan
- Flexible Business Finance: Covers working capital (cash credit) and capital expenditure (term loans) with CGTMSE credit guarantee, reducing collateral requirements.
- Subsidy and Security: Offers subsidies ranging from 15% to 35% of the project cost (up to ₹50 lakh for manufacturing and ₹20 lakh for services) to ease repayment pressure.
- Marketing Support: Products can be marketed through KVIC outlets and promoted via exhibitions, workshops, and buyer seller meets at various levels.
- Localized Employment: Focuses on creating self employment opportunities in rural areas, reducing the need for migration to urban centers.
Documents Required for PMEGP Loan
- Aadhaar Card and PAN Card
- Caste Certificate (if applicable)
- Special Category Certificate (if applicable)
- Rural Area Certificate
- Project Report
- Education/EDP/Skill Development Training Certificate
- Additional documents as required on a case to case basis
Eligibility for PMEGP Loan
- Individual Eligibility Must be 18 years or older. No educational qualification required for projects up to ₹10 lakh (manufacturing) and ₹5 lakh (services). Minimum VIII standard education required for projects exceeding ₹10 lakh (manufacturing) or ₹5 lakh (services). Only new projects sanctioned under PMEGP are eligible.
- Must be 18 years or older.
- No educational qualification required for projects up to ₹10 lakh (manufacturing) and ₹5 lakh (services).
- Minimum VIII standard education required for projects exceeding ₹10 lakh (manufacturing) or ₹5 lakh (services).
- Only new projects sanctioned under PMEGP are eligible.
- Eligible Entities: Self-Help Groups (SHGs), including BPL category SHGs not availing other scheme benefits. Institutions registered under the Societies Registration Act, 1860. Production cooperative Societies. Charitable Trusts.
- Self-Help Groups (SHGs), including BPL category SHGs not availing other scheme benefits.
- Institutions registered under the Societies Registration Act, 1860.
- Production cooperative Societies.
- Charitable Trusts.
How StartupSavera handles it
Handled by us
Scoping, document checklist, application drafting, filing and status updates.
End to end
One accountable point of contact, from the first call to the final certificate.
Owned by you
Every login, registration and account is created in your name.
FAQs
How do I get started with PMEGP Loan?
Share your details through the form or WhatsApp. We'll send a document checklist and a clear scope and quote after a quick call, no guesswork.
Will I own all the accounts and registrations?
Yes. Every login, registration and account is created in your name and handed to you, with a clear scope and no surprises.
Who handles the pmegp loan process?
We do, StartupSavera handles pmegp loan end to end, from documents to filing, and keeps you to one accountable point of contact the whole way.