PMEGP Scheme Details
Who can apply?
- Age: Above 18 years.
- Educational Qualification: Minimum 8th pass for projects costing over ₹10 lakhs (Manufacturing) and ₹5 lakhs (Business/Service).
- Other Eligible Entities: Self-Help Groups, Society/Trust/Cooperative. However, units that have previously benefited from any government scheme are not eligible.
When was the scheme launched?
PMEGP started in 2008–09 by merging the PMRY and REGP schemes.
Objectives:
- To create employment through establishment of small industries in rural and urban areas.
- To empower traditional artisans and unemployed youth to become self-reliant.
- To reduce migration.
Availability:
- Manufacturing projects: Up to ₹50 lakhs.
- Service projects: Up to ₹20 lakhs.
- For rural projects, per capita investment limits are ₹1 lakh (general) and ₹1.5 lakhs (hilly areas).
Second Loan (For well-performing units):
- Manufacturing: Up to ₹1 crore project cost.
- Service: Up to ₹25 lakhs project cost.