PMEGP Power Point

Prime Ministers Employment Generation Programme (PMEGP)

Government of India, Ministry of MSME, have announced a new credit linked subsidy Programme called Prime Ministers Employment generation Programme (PMEGP) with the objective of generating employment opportunities in rural as well as urban areas of Madurai Distric. Through setting up of new self employment Ventures/Micro enterprises and to increase the wage earning capacity of artisans to increase the growth rate of rural & urban employment. The scheme will be implemented through Divisional director, KVIC., Assistant Director, KVIB and General Manager, District Industries centre in rural areas. In urban areas, the District Industries centre only will implement the scheme. Under this scheme, the activity of mandufacturing, servicing can be started by availing financial assistance through Nationalized Banks, Co-Op. Banks and private Sector Scheduled Commercial Banks

Level Of Funding Under (PMEGP)

The Maximum cost of the project admissible under manufacturing sector is Rs. 25 Lakh. The Maximum cast of the project admissible under Service sector is Rs. 10 Lakh. No collateral security will be insisted for loans upto Rs. 10 Lakhs for manufacturing sector and Rs. 5 Lakhs for service sector. The project should be a new one.

Eligibility

  1. Any individuals above 18 years of age.
  2. Registered institution under societies act 1860, Charitable trust
  3. SHGs
  4. Minimum educational qualification - 8th pass for manufacturing sector above Rs. 10.0 Lakh and above Rs. 5.0 Lakh for Service sector.

Subsidy Level/Own Fund Contribution

Categories Of Beneficiaries Under PMEGP Own Contribution Rate Of Subsidy
 
(Cost of Project)
Area   Urban Rural
General 10% 15% 25%
Special (including SC/Sts/OBCs/Minorities/Women/Ex-Service men, Physica.lly Handicapped, NER, Hill and Border Areas) 5% 25% 35%

 

 

Back Next

Copyright District Industries Centre Madurai (Tamil Nadu) & Hosted By Native Sparrow Software Solutions - Madurai