Prime Minister’s Employment Generation Programme

Sr

No

Name of the scheme

Prime Minister’s Employment Generation Programme (PMEGP)

1

About the Scheme

The Government of India, have merged Rural Employment Generation Programme ( REGP) with Prime Minister Rozgar Yojana (PMRY) and introduced a new scheme called Prime Minister Employment Generation Programme (PMEGP) w.e.f.01.04.2008 (As such PMRY scheme is closed).

2.

Objective

i) To generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures / projects / micro enterprises.

ii) To bring together widely dispersed traditional artisans /rural and urban unemployed youth and give them self-employment opportunities to the extent possible, at their place.

3.

Purpose of Loan

For setting up of eligible viable activities underPrime Minister Employment Generation Programme (PMEGP) scheme.

4.

Nature of Credit Facility

Term loan & Cash Credit facility.

5.

Eligibility Conditionof Beneficiaries

 


(i) Any individual, above 18 years of age
(ii) There will be no income ceiling for assistance for setting up projects under PMEGP.
(iii) For setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs.5lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification .
(iv) Assistance under the Schemes is available only for new projects sanctioned specifically under the PMEGP.
(v) Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme) are also eligible for assistance under PMEGP.
(vi) Institutions registered under Societies Registration Act,1860;
(vii) Production Co-operative Societies, and
(viii) Charitable Trusts.
(ix) Existing Units (under PMRY, REGP or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of India or State Government are not eligible.

6.

Quantum

and Nature of Financial Assistance :

 

The details of Beneficiaries contribution and rate of subsidy are as under :

Categories of beneficiaries under PMEGP

Beneficiarycontribution project cost

Rate of Subsidy (of project cost)

Area (location of project/unit)

 

Urban

Rural

General Category

10%

15%

25%

Special (including SC/ST/OBC/Minorities/ Women, Ex-servicemen, Physically, NER, handicapped, Hill and Border areas etc

 

5%

25%

 

35%

7.

Maximum cost of project :

 

(i)The maximum cost of the project/unit admissible under manufacturing sectors is Rs. 25 lakh.

(ii) The maximum cost of the project/unit admissible under business / service sector isRs.10 lakh.

8.

Nodal Agency


Khadi and Village Industries Commission (KVIC) will be the single National level nodalimplementation agency for PMEGP .
At the State level, the Scheme will be implemented through State KVIC Directorates, State Khadiand Village Industries Boards (KVIBs) and District Industries Centers (DICs) and banks.

9.

Implementing

branches

All the branches of Dena Bank.

Any person interested to avail loan under the said scheme may contact nearest branch for further details.