The Government of India has launched one more scheme to provide the employment to the unemployed people of the country and this scheme has been named as “PMEGP – PM Employment Generation Programme Scheme”. The Government of India will a loan amount up to Rs 25 Lakh for the start up of their own business. Under this scheme, people from rural as well as Urban areas can avail the benefits. The Government of India aims to provide the loan to the needy or deserving people so that they can start their own business and create a employment opportunity for others also.
Also Check – PM WANI Yojana
Overview of PMEGP Scheme:-
|
Scheme Name |
PMEGP Scheme |
|
Launched By |
The Central Government |
|
Objective |
To Provide Loan to the Unemployed Youth |
|
Beneficiary |
Unemployed Youth of the country |
|
Registration |
Online |
Subsidy Provided Under PMEGP Scheme:-
Subsidy given under PMEGP Scheme has been different for General and Other Categories.
For General Categories :- Unemployed youth belongs to Rural areas will get the 25% subsidy for the start up of their own business however for Urban areas, subsidy will be 15%
For SC/ST/OBC :- Unemployed Youth belongs to Rural areas will get the 35% subsidy fior their business start up however Subsidy for Urban areas is 25%.
Also Check – PM Karam Yogi Mandhan Yojana
Industries One can set up Under PMEGP Scheme:-
- Agro Based Food Processing Industries.
- Forest Based Industries.
- Hand Paper and Fiber/Filament Industries.
- Mining Based Industries.
- Polymer Based Industries.
Progress Report of PM Employment Generation Programme Scheme:-
Below is the Progress Report of PMEGP 2020-2021 :-
|
Application Received |
349939 |
|
Forwarded To Banks |
255124 |
|
Sanctioned By Banks |
49226 |
|
Margin Money Claimed |
33360 |
|
Margin Money Released |
28016 |
One can also check the above data state wise too.
State Wise Application Received data:- Click Here
State Wise Forwarded to Banks data :- Click Here
State Wise Margin Money Claimed :- Click Here
State Wise Margin Money Released :- Click Here
State Wise Sanctioned By Bank :- Click Here
Eligibility Criteria to Apply under the PMEGP Scheme:-
- Must be a citizen of India.
- Age must be above 18 years..
- Academic Qualification – Must passed at least 8th Standard.
- Loan will be provided for the start up of new business, not to extend the old one.
- One who have already avail the benefits of Subsidy scheme can not apply under this scheme.
- Educational Certificate.
- Applicant Aadhaar Card
- PAN Card
- Caste Certificate
- Address Proof
- Applicant Passport Size Photo.
- Visit the official website of PMEGP.
- On the homepage of the website, you will see an option of “Online Application Form for Individual”.
- Click on that link.
- A new page will open in front of you.
- A registration form will open.
- Enter all the details asked.
- Click on Save Application Data option.
- Take a print out of this Application form.
- Visit the nearest Kvic/KVIB or DIC center and submit the application form.
- You will be invited for an interview process by Nodal agency recruited by Kvic/Kviv/DIC.
- Once your project will approved, it will be sent to bank.
- All the relevant documents needs to submit to the bank.
- Bank will start the verification Process.
- Once the Bank verification has done, it will approve the loan and submit the application to Kvic/Kvib/dic.
- You will be asked to get EDP training.
- Once the training Completed, You will get the EDP training Certificate.
- Submit it to the Kvic/Kvib/dic and your bank.
- You will get your subsidy now.
