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Note:

  • The maximum cost of the project/unit admissible under manufacturing sector is

  • Rs. 25 lakh.

  • The maximum cost of the project/unit admissible under business/service sector is

  • Rs. 10 lakh.

  • The balance amount of the total project cost will be provided by Banks as term loan

  • Eligibility Conditions of Beneficiaries.

  • Any individual, above 18 years of age.

  • There will be no income ceiling for assistance for setting up projects under PMEGP.

  • For setting up of projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business/service sector, the beneficiaries should possess at least VIII standard pass educational qualification.

  • Assistance under the Scheme is available only for new projects sanctioned specifically under the PMEGP.

  • Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme) are also eligible for assistance under PMEGP.

  • Institutions registered under Societies Registration Act, 1860.

  • Production Co-operative Societies, and Charitable Trusts.

  • Existing Units (under PMRY, REGP or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of India or State Government are not eligible.

Implementing Agencies

  • The Scheme will be implemented by Khadi and Village Industries Commission (KVIC), Mumbai, a statutory body created by the Khadi and Village Industries Commission Act, 1956, which will be the single nodal agency at the national level. At the State level, the scheme will be implemented through State Directorates of KVIC, State Khadi and Village Industries Boards (KVIBS) and District Industries Centres in rural areas. In urban areas, the Scheme will be implemented by the State District Industries Centres (DICs) only.

  • KVIC will coordinate with State KVIBS/State DICS and monitor performance in rural and urban areas. KVIC and DICs will also involve NSIC, Udyami Mitras empanelled under Rajiv Gandhi Udyami Mitra Yojana (RGUMY), Panchayati Raj Institutions and other NGOs of repute in identification of beneficiaries under PMEGP.

Source:

Disclaimer: The information provided in relation to this scheme here is purely for reference and not designed by Tide. For more details, eligibility and benefits offered under this scheme, we request you to click on the link provided above.

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