PMEGP Loan Yojana
In today’s times, getting a government job is difficult, but starting your own business is possible with the right guidance and initial financial support. That is why the PMEGP Loan Yojana is a useful and effective scheme.
This scheme is targeted at individuals who have a good business idea but lack capital.
What is the real purpose of this scheme?
- To enable unemployed youth to start their own business.
- To create local employment opportunities in rural and urban areas.
- To reduce migration by encouraging local development.
Who is this scheme for?
It is open to any educated (or semi-educated) citizen, with special focus on:
- Youth above 18 years of age
- Women entrepreneurs
- Scheduled Caste/Scheduled Tribe youth
- Differently-abled persons
- Citizens from rural and tribal areas
Condition: Applicant should not have benefited from any other government scheme earlier.