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PMEGP online EDP portal address is www.udyami.org.in: 2: How can I download Online EDP Mobile App? You can download by searching "Udyomi" in Mobile PlayStore App and install accordingly. 3: Who are eligible for Online EDP Training? Applicants whose PMEGP loan has been sanctioned and not completed online EDP training form any institute. 4
The balance amount of the total project cost will be provided by the banks in the form of term loan and working capital. Who can apply? Any individual, above 18 years of age.
- What Is PMEGP Scheme
- Features of PMEGP Scheme
- EDP Training
- How to Apply For PMEGP Loan Online Application
- PMEGP Loan Eligibility Criteria
- Activities Not Allowed Under PMEGP Scheme – Negative List
- Documents Required For PMEGP Loan
- FAQs on PMEGP
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Prime Minister’s Employment Generation Programme (PMEGP) is a central government scheme, administered by the Union Ministry of Micro, Small and Medium Enterprises (MoMSME). The primary objective of this scheme is to promote self-employment opportunities in the rural and urban areas by providing credit-linked subsidy to new self-employment ventures/...
Repayment Tenure
The repayment tenure ranges from 3 years to 7 years after an initial moratorium as may be prescribed by the concerned financing bank or financial institution.
Project Cost
For setting up new enterprises The maximum cost of the project for new enterprises allowed for Margin Money subsidy is as follows: For existing PMEGP/REGP/MUDRA units (2nd Loan for upgradation) The maximum cost of the project for upgradation allowed for margin money subsidy is as follows: The capital expenditure, including the cost of construction, should account for up to 60% of the total project cost, while the working capital cost should be up to 40%. However, the financing bank can determ...
Collateral
The project cost of up to Rs 10 lakhs is free from collateral security under PMEGP loans.
Entrepreneurship Development Programme (EDP) training is mandatory for claiming margin money through PMEGP e-portal. For projects costing above Rs 5 lakhs, the beneficiary has to undergo EDP training for 10 working days and 5 working days for projects costing up to Rs 5 lakhs. The training is not compulsory for projects costing up to Rs 2 lakhs. Th...
The beneficiaries can apply for a PMEGP loan online by following the below steps: Step 1: Visit PMEGP portal https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp Step 2:Fill out the PMEGP loan application form online and save your data. After saving the application, the username and password will be sent to the applicant’s registered mobi...
For PMEGP new enterprises
Stated below are the eligibility criteria for setting up new enterprises under the PMEGP scheme. 1. Minimum Age:Above 18 years of age 2. Income Criteria: No income criteria are required for setting up projects under PMEGP 3. The applicant or beneficiary (individual entrepreneurs) must have at least VIII standard educational qualification to set up a project costing over Rs 10 lakh in the manufacturing sector and over Rs 5 lakh in the service or business sector. 4. PMEGP loan is offered to new...
For up-gradation of existing PMEGP/REGP/MUDRA units:
Stated below are the eligibility criteria for availing second PMEGP loan for the upgradation of existing units financed under PMEGP/MUDRA Scheme: 1. Margin Money or subsidy claimed has to be successfully adjusted on the completion of the lock-in period of 3 years. 2. The first loan under the PMEGP or REGP or MUDRA schemehas to be fully repaid in the stipulated time 3. The beneficiary has the option to apply for a second PMEGP loan from the same financing bank that provided the first loan, or...
Listed below are the activities not eligible for PMEGP loan under the scheme: 1. Any industry/business connected with meat (slaughtered),i.e. processing, canning and/or serving items made of it as food, production/manufacturing or sale of intoxicant items like Cigar/Beedi/Pan/Cigarette etc., any Hotel or Dhaba or sales outlet serving liquor, prepar...
For setting up new enterprises
Stated below is the list of scanned documents (up to 1 MB) required for the online PMEGP loan application. 1. Passport Size Photo 2. Project Report Summary or Detailed Project Report 3. Highest Educational Qualification 4. Rural area certificate (if applicable) 5. Social or Special Category Certificate (if applicable)
For existing PMEGP/REGP/MUDRA units
1. Previous loan sanction letter’ issued by the Bank 2. Proof of ‘Money Margin claims adjusted against the previous loan’ and ‘Bank Certificate for full loan repayment’. 3. Project report for expansion or upgrading the unit. 4. Passport size photograph. 5. Last 3 years IT returns 6. Last 3 years Annual accounts certified by Chartered Accountant
How to apply for PMEGP Scheme
Applicants can apply for loans under PMEGP Scheme by visiting PMEGP portal (https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp)
What is the interest rate of PMEGP loan?
The interest rate set for borrowers availing PMEGP subsidy will depend on the financing bank as per their credit policies.
What is margin money in PMEGP?
The margin money in PMEGP ranges from 15% to 35% of the project cost, depending on the category and location of the beneficiary.
PMEGP Loan is a government scheme that offers credit-linked subsidy for self-employment ventures or micro-enterprises in rural and urban areas. Learn about the interest rate, repayment tenure, project cost, margin money subsidy, and other features of PMEGP Loan.
Nov 20, 2023 · PMEGP is a government scheme to provide financial assistance for setting up new self-employment ventures/projects/micro enterprises in rural and urban areas. SBI offers loans under PMEGP with subsidy, margin, repayment and credit guarantee options for eligible beneficiaries.
Jun 24, 2024 · PMEGP is a government scheme that provides subsidy for setting up or upgrading micro-enterprises in rural and urban areas. Learn about the objectives, benefits, levels of support, and implementation agencies of PMEGP.
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Learn about the eligibility conditions for availing assistance under the Prime Minister's Employment Generation Programme (PMEGP) for micro and small enterprises. Find out the requirements for beneficiaries, project cost, land cost, educational qualification, and more.
Versatile business finance - PMEGP covers cash credit to meet working capital needs and term loans to address the capex requirement of the business. The CGTMSE credit guarantee relieves the borrower from collateral requirements.
