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Closed Subsidy Equity-free

Prime Minister's Employment Generation Programme (PMEGP)

by Ministry of MSME

The Prime Minister's Employment Generation Programme (PMEGP) is a credit-linked subsidy scheme aimed at generating employment opportunities in rural and urban areas of India by establishing new micro-enterprises. It provides financial assistance in the form of Margin Money (Government subsidy) through various banks for setting up manufacturing and service units. This scheme gives up to Rs. 25 lakh for manufacturing and Rs. 10 lakh for services.

This program is not accepting applications right now.Many schemes reopen in cycles. Explore currently open programs or talk to an expert about alternatives.
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About this scheme

The Prime Minister's Employment Generation Programme (PMEGP) is a credit-linked subsidy scheme aimed at generating employment opportunities in rural and urban areas of India by establishing new micro-enterprises. It provides financial assistance in the form of Margin Money (Government subsidy) through various banks for setting up manufacturing and service units. This scheme gives up to Rs. 25 lakh for manufacturing and Rs. 10 lakh for services.

Who can apply

  • Any individual above 18 years of age is eligible.\n There is no income ceiling for assistance.\n For projects costing above Rs.
  • 10 lakh in manufacturing or above Rs.
  • 5 lakh in the service/business sector, beneficiaries must possess at least an VIII standard pass educational qualification.\n Assistance is available only for new viable projects specifically sanctioned under PMEGP.\n Existing units and 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, except for a second loan for existing (REGP/PMEGP/MUDRA) units.\n Projects without Capital Expenditure (Term Loan) are not eligible.\n The cost of land cannot be included in the project cost.\n Applicants must possess a valid Aadhaar Number and consent to authenticate demographic details from the UIDAI server.\n The unit must be a new one.
Official application

Ready to apply? Get the official link

Applications are submitted directly with Ministry of MSME, in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.

Free. IncorpX provides assistance for preparation; selection rests with Ministry of MSME.

Frequently asked questions

How much funding does Prime Minister's Employment Generation Programme (PMEGP) provide?

Prime Minister's Employment Generation Programme (PMEGP) provides up to Rs. 25 lakh. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.

Is Prime Minister's Employment Generation Programme (PMEGP) currently accepting applications?

Applications currently closed. Always confirm the current window with the program authority before preparing your application.

Does Prime Minister's Employment Generation Programme (PMEGP) take equity?

No. This program is listed as equity-free, which means the funding does not dilute your shareholding. Review the official terms for any debt or convertible components.

Important disclaimer

IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.

This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.

IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.

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