Updated: Jul 11, 2021
PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME
PMEGP is credit linked Scheme of Govt. of India by merging erstwhile REGP and PMRY scheme. The Scheme is implemented through KVIC and State/UT Khadi & V.I. Boards in Rural areas and through District Industries Centres in Urban and Rural areas in ratio of 30:30:40 between KVIC / KVIB / DIC respectively.
The salient features are
Assistance under the Scheme is available only to new units to be established.
Per capita investment should not exceed Rs. 1.00 lakhs in plain areas and Rs. 1.50 lakhs in Hilly areas.
The rate of subsidy is 15% - 35% of project cost which would be paid to the loan account.
The Margin to be brought by the promoter is 5% of the project cost for Special category (SC/ST, OBC, Minority, Women, PH and Ex-Service men) and 10% of the project cost for General category.
Maximum project cost of Rs. 25.00 lakhs in manufacturing sector and Rs. 10.00 lakhs in Service Sector.
During 2015-16, 734 units were assisted with Rs1081.61 lakh creating employment to 3902 persons
Margin Money Grant (A)
Promoter Contribution (B)
Urban - 15% (A)& 10% (B)
Rural - 25% (A)& 10% (B)
Special Category (Sc/St/Obc/Women/Ph/
Urban - 25% (A)& 5% (B)
Rural - 35% (A)& 5% (B)