Prime Minister's Employment Generation Programme (PMEGP)
The Prime Minister’s Employment Generation Programme (PMEGP) is the flagship credit-linked subsidy programme of the Government of India. It was introduced by merging two earlier schemes - the Prime Minister’s Rojgar Yojana (PMRY) and the Rural Employment Generation Programme (REGP) - to create a more unified and effective platform for employment generation.
Administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME), the scheme is implemented by the Khadi and Village Industries Commission (KVIC) at the national level. At the state level, it is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs), and banks.
Objectives of the PMEGP Scheme
The scheme focuses on empowering individuals by fostering entrepreneurship and creating sustainable livelihoods.
To create employment opportunities in both rural and urban areas by establishing new self-employment ventures.
To bring together traditional artisans and unemployed youth, providing them with self-employment opportunities.
To provide continuous and sustainable employment, preventing rural-to-urban migration.
To boost the wage-earning potential of artisans and contribute to rural and urban economic growth.
Eligibility Criteria for PMEGP
The scheme is open to a wide range of applicants aiming to start new ventures.
- Any individual, above 18 years of age.
- There will be no income ceiling for assistance.
- For projects costing above ₹10 lakh in the manufacturing sector and above ₹5 lakh in the business/service sector, the beneficiaries should possess at least VIII standard pass educational qualification.
- Assistance under the Scheme is available only for new projects sanctioned specifically under the PMEGP.
- Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme).
- Institutions registered under Societies Registration Act,1860.
- Production Co-operative Societies, and Charitable Trusts.
Maximum Project Cost:
₹50 Lakhs for Manufacturing Units
₹20 Lakhs for Service/Business Units
| Categories of beneficiaries | Urban | Rural |
|---|---|---|
| Rate of Subsidy (of project cost) | ||
| General | 15% | 25% |
| Special (including SC/ST/OBC/Minorities/Women, Ex-servicemen, Physically handicapped, NER, Hill and Border areas etc.) | 25% | 35% |
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