Under the Prime Minister’s Employment Generation Program Scheme (PMEGP), the government gives financial assistance up to Rs 25 lakh to the people of the country in the form of a loan.
Many types of schemes are run by the Central Government for the general public, in which financial assistance is given. Today we are telling you about one such scheme of the government, the Prime Minister’s Employment Generation Program Scheme (PMEGP), under which the government gives financial assistance up to Rs 25 lakh to the people of the country in the form of a loan. If you also want to take advantage of this scheme, then let us tell you how and who can apply-
Under the Prime Minister’s Employment Generation Program Scheme, the general public is given help ranging from 10 to 25 lakh rupees to start their own business. Along with this, subsidy is also made available on the amount taken by the citizens. You can apply online to take advantage of this scheme.
Some important things of PMEGP-
>> The age of the beneficiary should be more than 18 years.
>> Under this scheme, all the benefits of the country can be taken.
>> Loans from 10 lakh to 25 lakh are made available under the scheme.
>> Under the PMEGP scheme, up to 25 percent subsidy is given on loans taken to rural citizens of general category and 15 percent subsidy is given to citizens of urban areas.
>> Loan can be taken under this scheme to start all kinds of new industries.
>> You can take loan from Regional Rural Banks, Public Banks, Co-operative Banks etc.
>> If the citizen is already taking benefit of any other subsidy scheme then he will not be eligible for this scheme.
For which business loan can be taken-
1. Agro based food industry
2. Hand paper industry
3. Fiber industry
4. Forest based industry
5. Chemical and polymer based industry
6. Mineral based industry
7. Biotechnology and rural engineering industry
8. Textile Industry
9. Other Service Industry
What documents will be needed
If you are applying for this scheme, then you will need residence proof, Aadhar card, identity proof, birth certificate, bank passbook, passport size photograph and registered mobile number.
How can apply
>> For this you have to go to the official website http://www.kviconline.gov.in/.
>> Then click on PMEGP Scheme given on the home page.
>> Then click on PMEGP Portal from the options given on the page.
>> Now the Prime Minister’s Employment Generation Program Scheme portal opens.
>> After this click on Online Application Form For Individual given on the page.
>> If you want to fill the Non Individual Form then click on the given Online Application Form For Non Individual.
>> Now your application form gets opened. Fill in the details of all the requested information in it.
>> Now click on the given Save Applicant Data, after this your application is completed and you will get the User ID and Password.
