Prime Minister Employment Generation Programme

Welcome to our guide for PMEGP scheme, which empowers aspiring entrepreneurs with financial support.

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Get Registered for PMEGP Scheme!

What will you get?

  • > PMEGP Registration.
  • > Detailed Project Report.
  • > Expert Consultation and Assistance.

Kickstart your entrepreneurial dreams with the Prime Minister’s Employment Generation Programme (PMEGP) a transformative scheme designed to empower individuals with financial support and guidance to build their own businesses. Whether you’re a budding entrepreneur or looking to expand your venture, PMEGP provides the perfect launchpad to turn your ideas into reality.

What is PMEGP?

The Prime Minister’s Employment Generation Programme (PMEGP) is a flagship initiative by the Government of India aimed at fostering entrepreneurship and generating self-employment opportunities. Implemented by the Ministry of Micro, Small & Medium Enterprises (MSME), this credit-linked subsidy scheme provides financial assistance to individuals and groups for setting up new micro-enterprises in both urban and rural areas.

The primary purpose of PMEGP is to create sustainable employment by promoting small businesses, reducing regional imbalances, and empowering individuals to contribute to the nation's economic development through self-reliance.

What are the benefits offered by the scheme?

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Financial Assistance

Offers a subsidy of 15% to 35% on project costs based on location and applicant category.

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Access to Loans

Offers loans of up to ₹50 lakh for manufacturing units and ₹20 lakh for service units.

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Employment Generation

Promotes self-employment opportunities in both rural and urban areas.

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Encouragement for First-Time Entrepreneurs

Focuses on supporting new ventures by individuals with innovative business ideas.

What are the Eligibility Criteria for PMEGP?

check-list Applicants must be at least 18 years old.

check-list For projects costing above ₹10 lakh in the manufacturing sector or ₹5 lakh in the service sector, the applicant must have at least passed the 8th standard.

check-list Self-Help Groups.

check-list Cooperative Societies.

check-list Charitable Trusts.

check-list Registered Institutions under Societies Registration Act, 1860.

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Enquire Now

Contact

address

Namblabal Pampore

Near J&K Bank,

Jammu and Kashmir,192121

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+91-9596822560

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contact@jkstartup360.com

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