PMEGP योजना रजिस्ट्रेशन:- The PMEGP scheme, initiated by the Central Government, aims to offer job opportunities to unemployed youth across India. It provides loans ranging from Rs 10 to Rs 25 lakh for young individuals to start their businesses. Both rural and urban youth can benefit from this scheme. The government is actively encouraging more people to apply for loans under the PMEGP Scheme 2024. In this article, we will provide you with detailed information about the application process, required documents, eligibility, and more.
PMEGP Scheme Registration
Contents
The PMEGP Loan Scheme 2024 allows interested individuals aged 18 and above to apply for a government loan to start their businesses. Entities registered under the Societies Registration Act, 1860, are eligible for assistance. Successful applicants receive subsidies based on their category. The program, extended until 2025-26 with a budget of Rs 13,554.42 crore, aims to provide employment to 40 lakh citizens, especially youth, by establishing micro-enterprises in the non-agricultural sector. Recent amendments have increased maximum project costs for manufacturing and service units, and special provisions have been made for transgender applicants, granting them higher subsidies.
PMEGP Yojana Details 2024
| Name Of the Scheme | PMEGP योजना |
| Started By | Central Government |
| Beneficiary | unemployed youth of the country |
| Objective | Providing loan for employment |
| Application Process | Online |
| Category | Govt. Scheme |
| Official Website | https://www.kviconline.gov.in/ |
Objective of PMEGP Scheme
The PMEGP scheme addresses widespread unemployment in both rural and urban areas. It offers loans to unemployed individuals keen on starting their businesses, fostering self-employment. By providing these opportunities, the scheme aims to reduce unemployment and promote self-sufficiency among citizens.
PMEGP Scheme Parameters
- The Central Government will determine project allocation based on state backwardness, population, traditional skills, raw materials, and local unemployment rates.
- Each district will receive 75 projects, with increased subsidies for women, SC, ST, OBC, physically disabled, and NER applicants.
- The entire application and fund transfer process has been streamlined online, ensuring efficiency from application submission to money disbursement.
PMEGP Scheme Subsidy Amount
| Category | urban area | countryside | own contribution |
| General Category | 15% of total project cost | 25% of total project cost | 10% of total project cost |
| SC, ST, OBC, Minority, Women, Physically Handicapped, Ex-Serviceman, Hill and Border Area, NER etc. | 25% of total project cost | 35% of total project cost | 5% of total project cost |
Benefits of PMEGP Scheme 2024
- The PMEGP Scheme offers loans from Rs 10 lakh to Rs 25 lakh to unemployed youth for starting businesses.
- Subsidies based on caste and location are also available.
- Both urban and rural youth can apply, with District Industries Center (DIC) handling urban areas and Khadi and Village Industries Board (KVIC) for rural regions.
- The scheme supports those keen on self-employment.
What types of industries can be set up under PMEGP Scheme 2023?
- forest based industries
- mineral based industries
- food industry
- agriculture based
- Engineering
- chemical based industry
- Textile Industry (except Khadi)
- service industry
- non conventional energy
List of caste/category applicants
- Scheduled Caste (SC)
- Former serviceman
- Scheduled Tribe (ST)
- Handicap
- Other Backward Classes (OBC)
- people of north eastern state
- Minority
- People living in border areas and hills
- Women
Eligibility for PMEGP Scheme 2024
To benefit from the PMEGP Loan Scheme 2024, the applicant must be an Indian resident aged above 18 and have completed at least 8th grade. This loan is exclusively for starting new businesses and isn’t available for expanding existing ones. Priority is given to those who have received government institute training. If an applicant already receives benefits from another subsidy scheme, they cannot avail of this program. Additionally, cooperative and charitable institutions are eligible for this scheme.
Required Documents
- Applicant’s Aadhaar Card
- PAN card
- caste certificate
- Address proof
- certificate of educational qualification
- mobile number
- passport size photo
How to Apply for PMEGP Scheme 2024?
To apply for the PMEGP Loan Scheme, follow these steps:
Step 1: Online Application
- Visit the official PMEGP website https://www.kviconline.gov.in/.
- Click on the PMEGP Option, then select PMEGP E-Portal.
- Choose “Online Application Form of Individual.”
- Fill out the registration form with details like Aadhar card number, name, state, district, gender, qualification, contact information, PAN card number, date of birth, and address.
Step 2: Submission and Interview
- After filling the form, click “Save Applicant Data” and print your form.
- Submit the printed form to the nearest KVIC/KVIB or DIC office where you applied.
- Undergo an interview with the nodal agency selected by KVIC/DIC/KVIB.
- If your project is approved, submit all necessary documents to the bank.
- The bank will inspect your project location and approve the loan.
- After bank approval, submit the documents to KVIC/KVIB/DIC.
- Attend Entrepreneurship Development Program (EDP) training and obtain a certificate.
- Submit the EDP training certificate to KVIC/KVIB/DIC and the bank.
- The government will send your subsidy directly to the bank.
By following these steps, you can apply for and benefit from the Prime Minister Employment Generation Program Loan Scheme.
Conclusion
PMEGP Scheme 2024 is an important step which will help in encouraging entrepreneurship and creating new employment. For this, the process of online registration is simple and sensitive, due to which more and more people will get a golden opportunity to avail the benefits of this scheme. Eligible candidates can take steps towards starting their business by continuously availing the benefits of this scheme.
FAQ’s
What is PMEGP scheme?
The Prime Minister's Employment Generation Program (PMEGP) is a government scheme designed to encourage entrepreneurship. Under this scheme, financial assistance is provided to create employment in various industries.
How to apply online for PMEGP scheme?
You can visit the official website for online application of PMEGP Scheme and complete the application process.
What documents are required to apply?
You will receive a list of documents required for the application, which may include personal identity certificate, industry project details, financial data, etc.
When is the benefit of PMEGP scheme available?
After the completion of the application process, if your application is approved, you are provided financial assistance under the scheme. This may take time, so it is important to be sensitive.
Jatin Dubey is a 26-year-old MBA student whose passion for storytelling and a deep love for literature have fueled his journey as an aspiring author. Born and raised in a small town, Jatin discovered the magic of words at a young age when he stumbled upon an old, dusty library tucked away in a forgotten corner of his neighborhood. As he delved into the world of books, he found solace and inspiration in the pages of classic novels and contemporary fiction.