
News India Live, Digital Desk: Pmegp scheme: Do you have a great business idea, but don’t have money to start it? Do you want to start your work by starting your work instead of doing a job? If yes, then the central government is giving a golden opportunity to make your dream come true.
The government has a very special scheme, which is named Prime Minister Employment Generation Program (PMEGP)The only objective of this scheme is – to provide financial assistance to the youth of the country to start their own business.
This plan is for those who want to set up their small industries in manufacturing (something making) or service sector. Under this scheme, the government not only gives you a loan, but a heavy on that loan Subsidy (ie discount) Also gives. This is the money that you do not have to repay the government.
How much loan and how much discount?
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Loan amount:
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If you want to start manufacturing something, then you ₹ 50 Lakh Can be found up to a loan.
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If you want to start work related to service or trading (service or business), then you ₹ 20 lakhs Can be found up to a loan.
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Government exemption (subsidy):
It is the most attractive part of this scheme. How much discount you will get depends on where you live (city or village) and in which category you fall.-
For general category living in the city: 15% discount
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For general category living in the village: 25% discount
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SC/ST/OBC/Women/Minority/Ex -servicemen/Divyang (in the city): 25% discount
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SC/ST/OBC/Women/Minority/Ex -servicemen/Divyang (in village): 35% huge discount!
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This means that if a woman or a person of reserved class puts a loan of ₹ 50 lakh in the village, then her ₹ 17.5 Lakh You can get subsidy up to!
Who can apply?
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Any Indian citizen who is more than 18 years of age.
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If your project is above ₹ 10 lakh in manufacturing or above ₹ 5 lakh in the service sector, then you must have passed at least 8th.
How to apply?
You do not need to go anywhere. You can apply online for this sitting at home:
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First official website www.kviconline.gov.in/pmegpeportal Go to
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Go to ‘Pmegp e-portal’ and fill the online application form.
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Upload the necessary information and documents and submit the form.
This scheme is a ray of hope for thousands of millions of youth who suppress their business dreams due to lack of money.
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