Prime Ministers Employment Generation Programme
Hi Guys,
Today, we discuss one of the most popular programs in India. This program is implemented by Khadi and village industries commission(KVIC) functioning as the nodal agency. KVIC is routing government subsidy to a beneficiary bank account.
The maximum cost of the project/unit admissible
- the manufacturing sector is ₹ 25 lakhs
- the business/service sector, it is ₹ 10 lakhs.
Categories of Beneficiary’s Rate of subsidy under PMEGP (of project cost) Area (location of project/unit)
- General category 15%(Urban)
- 25%(Rural)
- Special 25%(Urban)
- 35%(Rural)
(including SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, NER, Hill, and Border areas, etc.)
The balance amount of the total project cost will be provided by the banks in the form of term loans and working capital.
Beneficiary Person:
Any individual, above 18 years of age. At least 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 beneficiaries can also submit their application online at the Employment Generation Program and take the printout of the application and submit the same to respective offices along with Detailed Project Report and other required documents.
I hope you have understood the Employment generation program scheme details. If you have any queries please write in the comment section. I am glad to help you.
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