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  1. Jun 4, 2024 · PMEGP Scheme Highlights: Repayment Tenure: 3 years to 7 years: Age Criteria: Above 18 years: Maximum Project Cost: For availing first PMEGP loan – Rs 50 lakhs for the Manufacturing Unit; Rs 20 lakhs for the Service Unit: For availing second PMEGP loan – Rs 1 crore for the Manufacturing Unit; Rs 25 lakhs for the Service Unit: Subsidy on ...

  2. Eligibility criteria include being an individual above 18 years of age, with at least an VIII standard pass for projects costing above Rs.10 lakh in the manufacturing sector and above Rs.5 lakh in the business/service sector. Only new projects are considered for sanction under PMEGP. Self-Help Groups, institutions registered under the Societies ...

  3. PMEGP is a central sector scheme being administered by the Ministry of Micro, Small & Medium Enterprises (MoMSME). The scheme is being implemented by KVIC at nodal level. At state level KVIB & DIC. Objectives – to generate employment in Rural as well as urban areas through setting up of new self-employment ventures/projects/micro enterprises.

  4. 1. The SchemeG. IDELINES ON PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (PMEGP)1. The Scheme Government of India has approved the introduction of a new credit linked subsidy programme called Prime Minister‟s Employment Generation Programme (PMEGP) by merging the two schemes that were in operation till 31.03.2008 namely Prime Minister ...

  5. The Scheme aims at facilitating technology up-gradation by providing 15 per cent upfront capital subsidy up to a maximum cap of ₹ 15.00 lakhs (i.e., maximum investment in approved machinery is ₹ 1.00 crore) to MSE units including tiny, khadi, village and coir industrial units on institutional finance availed by them for induction of state-of-the-art or near state-of-the-art technology for up-gradation of the present technology level to a substantially higher one involving improved ...

  6. Dec 28, 2023 · PMEGP loan Interest rates. The interest rate and subsidy offered under the PMEGP scheme may vary from bank to bank/loan institution. It depends on the applicant's profile, credit eligibility, paying capacity, number of years the business has been running and the total project cost.

  7. To get the complete details, visit the KVIC website Click Here. Download copies of the bank agreements to be executed by the borrowers Click Here. Apply for PM Employment Generation Programme & enjoy its benefits, including low-interest loans & subsidies. Visit to know more about PMEGP scheme details, loan status & registration procedures.

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