Prime Minister’s Employment Generation Programme (PMEGP) | PMEGP Loan Helpline Number | PMEGP Loan Interest Rate | PMEGP Eligibility Criteria | How to Apply for PMEGP Loan Online

25 Oct, 2021 Last Update 1 year ago

PMEGP helpline number| Toll-free number| PMEGP Loan Interest Rate | PMEGP Eligibility Criteria

The Prime Minister's Employment Generation Programme (PMEGP) is a scheme that offers financial support to persons who want to establish new businesses under the program. The Khadi and Village Industries Commission (KVIC) is the Network-Oriented Document Abstraction Language organization in charge of the scheme's national execution. The Programme is implemented at the state level by the State Khadi and Village Industries Commission Directorates, District Industries Centres, the State Khadi and Village Industries Board, and banks.

Residents of India are offered Prime Minister’s Employment Generation Programme (PMEGP) loans by the government for doing business and industry. You can acquire a loan from PMEGP ranging from 25 lakhs to 10 lakhs. The PMEGP scheme's goal is to create new jobs for the country's unemployed residents, as well as to encourage and assist young people in starting businesses and industries.

pmegp loan

PMEGP Loan Interest Rate

The interest rate applicable to the PMEGP will be the normal interest rate between 11% and 12% and the term of the return can be anywhere from three to seven years after an initial prohibition.

PMEGP Eligibility Criteria

  • Any individual over the age of 18.
  • Any Trust for charitable purposes.
  • Self-Help Organizations (including those who belong to BPL provided that they can not be availed of benefits under any other Scheme).
  • Any Institutions that have been registered under the Societies Registration Act of 1860.
  • Cooperative Production Societies
  • Recipients should have completed at least Standard VIII to create projects which cost more than Rs.10 lakhs in the manufacturing sector and more than Rs. 5 lakhs in the business/service sector.

Documents Required for PMEGP Loan

The following documents mentioned below must be submitted for the Prime Minister's Employment Generation Programme (PMEGP):

  • Aadhaar Card
  • PAN card
  • Caste certificate
  • Rural area certificate
  • Certificate in a Special Category
  • Certificate of education, skill development, or Entrepreneurship Development Programme training
  • When necessary, institutions must get a registration certificate, an authorization letter, and a certificate for a particular category.

If you are eligible for a PMEGP Loan, you will be granted one based on the assumptions listed below

  • An open category person will receive a 25% subsidy to start a business in the rural department and a 15% subsidy to start a business in the urban department. In this scenario, you will be required to contribute 10% of the cost.
  • Persons who belong to the Special Category (SC/ ST/ OBC/ Minorities/ Women, Ex-Servicemen, Physically Handicapped, NER, Hill and Border areas, etc.) will receive a 35% subsidy for beginning an industry in the rural department and a 25% subsidy for beginning an industry in the urban department. You will receive a subsidy. In this case, you must bear a 5% cost increase.
Beneficiary Categories  Beneficiary’s share of total project  Subsidy rate (From Govt.) – Urban  Subsidy rate (From Govt.) – Rural 
General  10%  15%  25% 
Special*  5%  25%  35% 

PMEGP Loan Helpline Number

Dy. CEO, KVIC
Ph: 022-26710021
Email: kvicecr[at]gmail[dot]com

1) ADC, O/o DC, MSME
Ph: 011-23062241
Email : arun_kumar[at]nic[dot]in

2) General Manager-SG (Finance), NSIC
Ph: 011-26920920
Email: pcrs[at]nsic[dot]co[dot]in

3) CEO, CGT SME
Ph: 022-61437805
Email: pradeepm[at]cgtmse[dot]in

How to Apply for PMEGP Loan Online?

  • Visit any of the websites by clicking on the links kviconline.gov.in or my.msme.gov.in
  • After being routed to the website, click on 'Prime Minister Employment Generation Programme' or 'PMEGP ePortal'.
  • Now select 'Application Form for Individual.' The application form will be presented on your screen.
  • You must complete the application form by filling in the information such as your name, type of activity, sponsoring agency, educational qualification, bank account information, and so on.
  • Once you've completed the form, click the 'Save applicant data' button.
  • Upload and submit the required documents.
  • After submitting your papers and the application form, you will receive an application ID and a password through text message to your registered cellphone number.

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