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PMGEP - Prime Minister's Employment Generation Scheme: Check Details

PMEGP scheme is a Credit linked subsidy scheme with the objective to create self employment opportunities and generate employment for rural and unemployed youth
PMGEP Scheme

Objective of PMGEP Scheme: To create self-employement opportunities and generate employement for rural and unemployed youth.

Also Read: ASPIRE: A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship

Key Benefits: 

  • Bank-financed subsidy programme for setting up new micro-enterprise in non-farm sector.
  • Margin money subsidy on bank loan ranges from 15% - 35% for projects upto Rs. 50 lakh in manufacturing and Rs. 20 lakh in service sector.
  • For beneficiaries belonging to special category such as SC/ST/Women/Minorities/Ex-servicemen / Transgender / Aspirational districts/ NER, the margin money subsidy is 35% in rural areas and 25% in urban areas.

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Eligibility for PMGEP Scheme:  Any individual above 18 years age can apply.

How to Apply: Visit and apply

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Published date : 06 Sep 2022 12:32PM

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