PMEGP SCHEME

PMEGP Loan In English

PMEGP Loan

• Through This Scheme, Loans Are Provided To All Poor Unemployed People, Through Which They Can Establish Their Self-Employment.
• Under PMEGP, Loans Are Given In Two Sectors: Construction Sector And Service Sector.
• The Main Objective Of PMEGP Scheme Is To Provide Employment To All Unemployed People In All Rural Areas And Urban Areas.
• The Prime Minister Employment Generation Program Is Being Run At The National Level In The Country.
• If You Want To Do Your Own Business And You Are Not Able To Start Your Business Due To Lack Of Capital, The Prime Minister’s Employment Generation Program (PMEGP) Will Make Your Job Very Easy.
• You Can Start Your Business Only By Applying A Capital (Amount) Of 10%.
• PMEGP Full Form Pradhan Mantri Employment Generation Program. Is
• It Is Clear That If You Need Rs 10 Lakh To Start Your Business, Then If You Only Have Rs 1 Lakh, Then You Will Get A Loan Of Rs 9 Lakh From The Government Under PMEGP.
• Under The Prime Minister Employment Generation Program (PMEGP), You Get A Loan Of Rs 10 Lakh Easily.
• The Government Aims To Create 14 Lakh New Jobs Under PMEGP By March 2020.
• Apart From This, There Is Also A Provision Of 15-35% Subsidy On The Loan Taken Under PMEGP.
• The Government Aims To Generate Maximum Self-Employment By Giving Loans Under Maximum PMEGP Before The Lok Sabha Elections.
• Modi Government Made A Provision Of Rs 2327 Crore For PMEGP In Its Interim Budget 1-Feb 2019-20.
• The Amount Received By PMEGP Is Rs 210 Crore More Than The Previous Session.

How Many Types of PMEGP Loan

There Are Two Types –

1. Service Sector Loan:- If You Want To Start A Business That Provides Service, Then You Can Apply For A Service Loan Under PMEGP.
2. Manufacturing Sector Loans:- If You Want To Start A Business That Does Manufacturing Then You Can Apply For A Manufacturing Loan Under PMEGP.

The Amount Of Your Loan Depends On The Area Of Your Business – If Your Employment Is In The Service Sector Then You Get A Loan Of Up To 10-15 Lakhs Under PMEGP Yojana And If Your Business Is In The Manufacturing Sector Then Under PMEGP Yojana LOAN You Loans Up To 20-25 Lakhs Can Be Availed

Who Can Take PMEGP Yojana Loan

• Anyone Above 18 Years Of Age Can Apply For A PMEGP Loan.
• PMEGP LOAN Requires At Least 8 V Pass.
• If You Want To Apply PMEGP Yojana LOAN For Your Ongoing Business Then You Will Not Get It.
• This Loan Is Given Only For New Business.
• If You Are Already Taking Advantage Of PMRY Or REGP, Then You Will Not Get A Loan.
• Self Help Group (SHG), Who Are Not Getting Help In Any Other Scheme, Can Take LOAN Under PMEGP Yojana.
• Societies Registered Under The Societies Act 1860 Can Also Apply For LOAN Under PMGEP Yojana.
• Apply For Cooperative Institutions And Charitable Institutions For PMEGP Yojana LOAN As Well.
• Any Citizen Of The Country Who Wants To Start His Self-Employment Can Apply For LOAN Under PMEGP Yojana.
• Under PMEGP, The Government Gives PMEGP LOAN To Start Its Business In Different 344 Sectors.
• PMEGP Loan Agent, PMEGP Loan SBI, PMEGP Loan Bank List.

How Much Subsidy Is Received After Taking PMEGP Loan

1. The Biggest Feature Of PMEGP Yojana Is That The Central Government Provides Subsidy To You On This Loan. On PMEGP You Get 15-35% Subsidy.
2. The Government Aims To Reduce The Debt Burden On You By Giving Subsidy. In Fact It Takes Time To Earn After Starting Any Business. PMEGP Yojana Refunds You More Than The Interest On LOAN As Subsidy, So That You Do Not Have Too Much Burden On You.
3. If You Belong To The General Category And You Want To Do Your Business In The City, Then The Government Returns 15% As Subsidy. Whereas If You Do Your Business In Rural Area Then You Get 25% Subsidy. This Means You Get Back 2.5 Lakh Rupees As Subsidy.
4. SC / ST Ex-Servicemen, Divyang, Women, Or From Hilly Areas And You Want To Set Up Your Business Unit In The City, Then You Get 25% Per Cent As Subsidy. At The Same Time, Up To 35% Per Cent Subsidy Can Be Provided For Rural Areas.
5. This Means You Get A Subsidy Of Rs 3.5 Lakh On 10 Lakhs.

Documents Required For Taking PMEGP Yojana Loan

• Photo
• Aadhar Card
• Caste Certificate
• Education Certificate
• Business Project Report
• Proof Of Original Residence

How And Where To Apply For PMEGP Yojana Loan

1. Before Taking A Loan You Have To Prepare A Project Report Of Your Business.
2. If You Cannot Discard The Report Yourself, Then You Should Get Your Project Report Ready From Financial Advocate.
3. You Can Then Talk To Your Nearest Government Or Co-Operative Bank About PMEGP Yojana Loan Or Contact The Nodal Agency District Industry Center (DIC) For PMEGP Loan If You Live In The City.
4. If You Live In Rural Areas, Then Contact Khadi And Village Industries Board (KVIC).