WHAT IS PMEGP LOAN SCHEME: The Prime Minister's Employment Generation Programme (PMEGP) is a credit-linked scheme that aims to provide sustainable employment opportunities in rural and urban areas. The scheme was introduced in August 2008 by merging the Prime Minister's Rojgar Yojana (PMRY) and the Rural Employment Generation Programme (REGP)
To apply for a loan under the Prime Minister's Employment Generation Programme (PMEGP) online, you can follow these steps:
Go to the PMEGP login portal
Select Apply under the Application for New Business option
Fill out the online application form
Click Save Applicant Data
Upload the required documents
Fill out the score card
Submit the application
You will receive an application ID and password on your registered mobile number after submitting the application.
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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.
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. Eligibility: Individuals above 18 years.
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