PMEGP loan eligibility 2024
Want to do your own business but are unable to wait for the money, then now there is good and relief news for you that the government is directly giving you a loan of Rs 50 lakh for your business. So that all of you can avail its benefits, we will tell you in detail about PMEGP Loan 2024 in this article. At the same time, we want to tell you that to apply for PMEGP Loan 2024, you will have to fulfil some documents and qualifications, in which you do not face any problem, for this we will provide you an estimated list so that you can fulfil all the qualifications and documents.
By completing the same, you can avail the benefits of this scheme. At the same time, we want to tell you that to apply for PMEGP Loan 2024, you will have to fulfil some documents and qualifications, in which you do not face any problem, for this we will provide you an estimated list so that you can fulfil all the qualifications and documents. By completing the same, you can avail the benefits of this scheme.
PMEGP loan eligibility 2024-Overview
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Name of the Programme |
PM Employment Generation Programme |
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Name of the Article |
PMEGP Loan 2024 |
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Type of Article |
Sarkari Yojana |
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Amount of Loan Under PMEGP Loan 2024? |
Rs 50 Lakh Rs |
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Who Can Apply? |
All India Applicants Can Apply. |
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Mode of Application |
Online |
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Charges of Application |
NIL |
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Official Website |
kviconline.gov.in |
PMEGP loan eligibility 2024
- All applicants must be 18 years or older,
- There will be no income ceiling for assistance for setting up projects under PMEGP,
- All you applicants must have passed at least 8th class,
- Assistance under the scheme is available only for new viable projects sanctioned specifically under the PMEGP,
- Existing Units and the units that have already availed any Government Subsidy (under PMRY, REGP, PMEGP, CMEGP or any other scheme of Government of India or State Government) are not eligible,
- Projects without Capital Expenditure (Term Loan) are not eligible,
- Cost of Land cannot be covered under the project cost,
- All Implementing Agencies (KVIC, KVIB, DIC and Coir Board) can process applications in both rural as well as urban areas,
- All applicants must have their Aadhar Card and
- Applicant shall give his/her consent to authenticate demographic details such as Aadhaar number, Name, Gender, Date of Birth and Mobile number from UIDAI server etc.
PMEGP loan eligibility 2024 Required Documents
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Passport Size Photo |
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Highest Educational Qualification |
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Project Report Summary/ Detailed Project Report |
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Social/ Special Category Certificate, if applicable |
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Rural area certificate if applicable |
How to Apply PMEGP loan eligibility
- To apply online for PMEGP Loan 2024, first of all you have to visit the home page of its official website.
- After coming to the home page, you will get the option of Apply next to Application for New Unit, on which you will have to click, after clicking, its application form will open in front of you.
- Now you have to fill this application form carefully and
- Finally, you will have to click on the submit option after which you will receive your registration number and password which you will have to keep safe.
How to Login
- After successful registration on the portal, you will have to come to the home page,
- After coming to the home page, you will get the option of pmegp login next to Registered Applicant, on which you will have to click.
- Now you will have to login to the portal by entering all the information required here.
- After logging into the portal, its application form will open in front of you, which you will have to fill carefully.
- You will have to scan and upload all the required documents.
- Finally, you have to click on the submit option after which you will get the receipt of your application which you have to print and keep safe.
Important Links
FAQ
- What is the limit of PMEGP loan in 2023?
What is the PMEGP loan limit? The PMEGP loan limit is Rs. 9.5 to Rs. 50 lakhs. The scheme caps the maximum project cost for the manufacturing sector at Rs. 50 lakhs. It caps the cost at Rs. 20 lakhs for the business/ service sector.
- What is 25 lakh subsidy schemes?
In such cases KVIC routes government subsidy through designated banks for eventual disbursal to the beneficiaries / entrepreneurs directly into their bank accounts. The maximum cost of the project/unit admissible in manufacturing sector is Rs 25 lakhs and, in the business, /service sector, it is Rs 10 lakhs.