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YojanaAI

Prime Minister’s Employment Generation Programme

PMEGPCentral schemeMinistry of MSME (KVIC)

Bank loan for a new unit with a 15% to 35% margin-money subsidy; project cost up to ₹50 lakh (manufacturing) or ₹20 lakh (services).

Go to official source (opens pmegp.msme.gov.in in a new tab)

Who it is for

Individuals above 18 setting up a new micro-enterprise.

Basic eligibility

  • Only new units; existing units and those that took other government subsidy are not covered.
  • At least Class 8 pass for manufacturing projects above ₹10 lakh or service projects above ₹5 lakh.
  • The bank must sanction the project.

Documents usually needed

  • Aadhaar
  • PAN
  • Project report
  • Education certificate
  • Caste or special-category certificate (if applicable)
  • Rural area certificate (if applicable)

How to apply

Apply online on the PMEGP portal of the Ministry of MSME; the application goes to the district task force and then the bank.

Official source: pmegp.msme.gov.in

Always confirm eligibility, benefits, documents, deadlines and how to apply on the official source before you act. We do not guarantee approval of any application. This page was last reviewed in November 2026; amounts and rules may have changed since.

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