PMEGP Loan

The Prime Minister's Employment Generation Programme (PMEGP) is designed to support aspiring entrepreneurs in establishing new ventures across various sectors. This government-backed scheme offers substantial financial assistance to help turn your business ideas into reality.

Loan Amount:
For the Service Sector, you can secure a loan ranging from Rs 5 to 20 Lakhs. In the Manufacturing Sector, loans are available from Rs 10 to 50 Lakhs, providing ample funding to kickstart your business.

Own Contribution:
Applicants are required to contribute a small percentage of the project cost. For men, the contribution is 10%, while women benefit from a reduced contribution rate of just 5%, making it more accessible for female entrepreneurs.

Security:
One of the major advantages of the PMEGP loan is the minimal security requirement. With 75-85% of the loan amount requiring no collateral, this scheme is particularly favorable for those who may not have significant assets to pledge.

Purpose:
The PMEGP loan is specifically aimed at funding new business startups, providing the necessary capital to get your business off the ground and moving toward success.

Subsidy:
The scheme offers generous subsidies based on category and location:
Special Category/Female (Rural): 35% subsidy
Special Category/Female (Urban): 25% subsidy
General/Male (Rural): 25% subsidy
General/Male (Urban): 15% subsidy

Screening

Thoroughly evaluate applicants to ensure eligibility for government-subsidized loans.

Verification

Digitally verify all required documents to meet government and bank standards.

Select Scheme

Help you choose the best loan scheme tailored to your needs and eligibility.

Connect

Seamlessly link beneficiaries with banks and government bodies for swift loan processing.

Who Can Apply?

The PMEGP loan is open to individuals over the age of 18 who wish to start a new business. This includes unemployed youth, women entrepreneurs, artisans, and members of special categories, such as SC/ST, OBC, minorities, and ex-servicemen. Existing businesses and those seeking to expand existing units are not eligible under this scheme.

Benefits

By availing the PMEGP loan, you can benefit from substantial government support, minimal collateral requirements, and significant subsidies, making it an ideal choice for aspiring entrepreneurs. This scheme not only provides the financial resources needed to start your business but also encourages economic growth and employment generation in both urban and rural areas.