PMEGP Scheme List:- The Indian government launched the credit-linked Prime Minister’s Employment Generation Programme (PMEGP) in 2008. Under PMEGP, the Rural Employment Generation Programme and the Prime Minister’s Rojgar Yojna were combined. This program helps unemployed youth and traditional artisans establish micro-enterprises in the non-farm sector, with the goal of creating opportunities for self-employment. The Ministry of MSME oversees the Prime Minister’s Employment Generation Programme (PMEGP). The Khadi and Village Industries Commission (KVIC) is the federal agency responsible for implementing the PMEGP Scheme. The State Khadi and Village Industries Commission Directorates, State Khadi and Village Industries Boards, District Industries Centres, and banks are the entities implementing the Scheme at the State level.
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The following are some additional benefits that this scheme offers:
The Khadi and Village Industries Commission Act 2006 – Scheme defines a rural area as any area that is part of a village, including a town. The population should not be more than twenty thousand, or any other number that the Central Government may from time to time designate. District Industries Centres (DIC) are the only ones included in the urban area.
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For borrowers in special categories, the margin money contribution is 5% of the project cost; for borrowers in general categories, it is 10%. As an example: If Miss Nishitha applies for a loan of Rs 8 lakh at XYZ bank, the bank may only finance 80% of the total loan amount, or Rs 6,40,000. Nishita must make arrangements for the margin money, which is the remaining 20%, or Rs 1,60,000.
Assume Mr. Don, a recent graduate from Bangalore Urban who wishes to apply for the PMEGP program. Project Cost Estimate: Rs. 10 lakh The mandatory contribution of Rs 1 lakh (10% of Rs 10 lakh) was made by Mr. Don under the PMEGP The sum that Mr. Don received was Rs 9 lakh. Note: KVIC will reimburse the bank for the margin money, which is 15% of the project cost, or Rs 1,50,000, that is typically withheld by the bank within 24 hours of the PMEGP application being accepted. Thus, business owners like Mr. Don can easily obtain the necessary funding to continue with their venture. Take note:
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S. No. | Project Name. | Total Project Cost. |
1 | Bakery Products. | 1302000. |
2 | Bakery Products Big Unit. | 1965000. |
3 | Bakery Products Unit. | 286000. |
4 | Banana Chips. | 455000. |
5 | Banana Chips (Big Unit). | 1250000. |
6 | Besan Manufacturing Unit. | 780000. |
7 | Beverage Manufacturing Scheme. | 888000. |
8 | Cashew Nut Processing. | 1800000. |
9 | Cattle / Poultry Feed Scheme. | 1000000. |
10 | Ice-Cream Parlour. | 310000. |
11 | Ice-Cream Parlour. | 524000. |
12 | Jackfruit Products | 2217000. |
13 | Jam Jelly Murabba Manufacturing Scheme | 770000 |
14 | Kismis / Bedana Manufacturing | 1350000. |
15 | Kurkure Type Snacks | 2470000. |
16 | Kurkure Type Snacks Small | 1169000. |
17 | Maize Flakes | 1135000. |
18 | Mango Jelly/Aam Papad | 1200000. |
19 | Masala Making Unit (Medium) | 800000. |
20 | Masala Making Unit (Small) | 350000. |
21 | Milk Based Products | 2000000. |
22 | Coconut Oil and Oil Cake Manufacturing. | 1950000 |
23 | Compound Asafoetida (Hing). | 620000. |
24 | Daliya Manufacturing Unit. | 240000. |
25 | Extruded Snacks. | 2445000. |
26 | Fruit Bars. | 1282000. |
27 | Frames Manufacturing Unit. | 732000. |
28 | Ginger and Garlic Processing. | 954000. |
29 | Gingilee Oil and Oil Cake Manufacturing. | 1950000. |
30 | Groundnut Oil and Oil Cake Manufacturing. | 1950000. |
31 | Gulkand. | 154000. |
Q. What are the limitations of PMEGP?
Ans- The loan limit under PMEGP is between Rs. 9.5 and Rs. 50 lakh. The maximum project cost for the manufacturing sector is limited by the scheme to Rs. 50 lakh. For the business and service sectors, the cost is capped at Rs. 20 lakh. The bank authorizes the remaining 90–95% after the beneficiary contributes 5–10%.
Q. Is trading allowed in PMEGP?
Ans- PMEGP offers loans to the manufacturing and service sectors. In addition, the following commercial and trading endeavors are permitted by PMEGP: I.
Q. Who is not eligible under PMEGP?
Ans- Eligible units include those that are already in operation (under PMRY, REGP, or any other scheme of the Indian or State governments) and those that have previously received government subsidies under another scheme of the Indian or State governments.
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