The Prime Minister’s Employment Generation Programme (PMEGP) helps people set up new micro-enterprises by providing a bank loan with a government margin-money subsidy.
Apply and check your status free on the official Government of India portal.
Benefits
- Margin-money subsidy of 15–35% depending on category and area
- Bank loan to set up a new manufacturing or service unit
- Higher subsidy for SC/ST/women/rural and special categories
- Generates self-employment and jobs
Eligibility
- Individual aged 18 and above
- At least 8th pass for projects above the prescribed cost
- New units only (not for existing/old units)
Documents required
- Aadhaar & PAN
- Project report
- Educational & caste/special-category certificate (if applicable)
How to apply
- Apply online on the PMEGP e-portal with your project report.
- The application is forwarded to the bank for appraisal.
- On sanction, set up the unit; the subsidy is adjusted after verification.
Official links
FAQs
What subsidy does PMEGP give?
A margin-money subsidy of 15–35% of the project cost, depending on category and location.
Who can apply for PMEGP?
Individuals aged 18+ (8th pass for larger projects), SHGs, trusts and societies setting up new micro-enterprises.