Get PMEGP Loan for Your Business

Launch your manufacturing or service business with PMEGP scheme benefits. Get up to ₹25 lakh funding with government subsidy and create employment opportunities in your community.

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Abtik Startup Advisor pvt ltd Team

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PMEGP

Empowering Businesses through Comprehensive Solutions From Fund Management to Legal Empowering.

What Is PMEGP Scheme?

Prime Minister's Employment Generation Programme (PMEGP) is a flagship credit-linked subsidy scheme launched by the Government of India to generate employment through establishment of micro enterprises in manufacturing, service, and trading sectors. The scheme provides financial assistance with government subsidy to promote entrepreneurship among unemployed youth and traditional artisans.

PMEGP Funding Structure

Manufacturing Sector

Up to ₹25 Lakh

Maximum project cost

25% subsidy for General category
35% subsidy for SC/ST/OBC/Minorities
Food processing, textiles, handicrafts
Rural and urban areas covered

Service/Trading Sector

Up to ₹10 Lakh

Maximum project cost

15% subsidy for General category
25% subsidy for SC/ST/OBC/Minorities
IT services, healthcare, education
Urban areas only for trading

PMEGP Benefits & Eligibility

PMEGP scheme offers comprehensive financial support with government subsidy to establish micro enterprises and generate sustainable employment opportunities.

Key Benefits

Government subsidy of 15-35% on project cost.
No collateral required for loans up to ₹10 lakh.
Flexible repayment terms with moratorium period.
Technical and marketing support provided.
Employment generation for local community.

Eligibility Criteria

Individuals above 18 years of age.
Minimum 8th pass for project above ₹10 lakh.
Should not have availed subsidy under other schemes.
Self-help groups and institutions eligible.
Existing PMRY/REGP units can also apply.

How Abtik Startup Advisor pvt ltd Team Helps You Get PMEGP Loan

Documentation Support

We help you prepare all necessary documents, project reports, and application forms required for PMEGP scheme approval.

Bank Coordination

Our team coordinates with empaneled banks and financial institutions to ensure smooth loan processing and approval.

Complete Guidance

We provide end to end support from application submission to loan disbursement and post approval assistance.

Why Choose Abtik Startup Advisor pvt ltd Team for PMEGP

Up to ₹25 Lakh Funding

Access funding up to ₹25 lakh for manufacturing and ₹10 lakh for service/trading with attractive subsidy rates.

Government Subsidy

Benefit from 15 to 35% government subsidy on project cost based on category, location, and type of enterprise.

Flexible Repayment

Enjoy flexible repayment terms with 3 to 7 years tenure and moratorium period of 6 to 18 months for cash flow management.

Frequently Asked Questions

1. What is PMEGP scheme?

PMEGP (Prime Minister's Employment Generation Programme) is a credit linked subsidy scheme that provides financial assistance for setting up micro enterprises in manufacturing, service, and trading sectors to generate employment opportunities.

2. What is the maximum loan amount under PMEGP?

Under PMEGP, you can get up to ₹25 lakh for manufacturing units and ₹10 lakh for service/trading units. The scheme provides 15to35% subsidy on the project cost depending on category and location.

3. Who is eligible for PMEGP scheme?

Individuals above 18 years, existing units under PMRY, Rural Employment Generation Programme, institutions, co operatives, charitable trusts, and self help groups are eligible. The beneficiary should not have availed subsidy under any other government scheme.

4. What documents are required for PMEGP application?

Required documents include project report, passport size photographs, identity proof, address proof, caste certificate (if applicable), educational qualification certificates, experience certificate, and bank account details.

5. How long does PMEGP loan approval take?

PMEGP loan approval typically takes 45 to 60 days from application submission, including verification, appraisal, and final approval by the lending institution.

6. What is the repayment period for PMEGP loans?

PMEGP loans have a repayment period of 3 to 7 years with a moratorium period of 6 to 18 months depending on the type of activity and cash flow generation of the project.