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PM Employment Generation Programme (PMEGP)
Ministry of MSME, via KVIC / KVIB / DIC · Central scheme · Grant
Margin-money subsidy up to 35% of project cost (max project ₹50 lakh manufacturing, ₹20 lakh service)
Subsidy on a bank loan: 15–35% depending on urban/rural and category. ₹17.5 lakh is the ceiling (35% of ₹50 lakh); most get less.
RollingNo fixed deadline published
Subsidy on a bank loan: 15–35% depending on urban/rural and category. ₹17.5 lakh is the ceiling (35% of ₹50 lakh); most get less.
RollingNo fixed deadline published
Summary
PM Employment Generation Programme (PMEGP) is a grant from Ministry of MSME, via KVIC / KVIB / DIC. Any Indian state. If you meet the basic rules, you can apply; the committee decides.
Eligibility
| Where | Any Indian state. |
|---|---|
| Entity types | individual |
| Must be incorporated | No |
| Company age | No limit stated |
| Stages | idea, prototype |
| Sectors | manufacturing, any |
| DPIIT recognition | Not required |
| Indian shareholding | Not stated |
| Prior govt support cap | Not stated |
Who it's for
- Age 18+; Class VIII pass for larger projects
- A bank willing to lend the rest
- No prior govt subsidy for the unit
- Own contribution 5–10%
Who it's not for
- Units already availing govt subsidy
- Negative-list activities
A co-founder living in another city never disqualifies a company-based scheme.
What to do next
Keep these ready
- Age 18+; Class VIII pass for larger projects
- A bank willing to lend the rest
- No prior govt subsidy for the unit
- Own contribution 5–10%
How to apply
Apply online on the KVIC PMEGP e-portal; DIC/KVIB forwards to a bank.
Go to official page ↗ Check my match
Details last checked 2026-10-30. Always confirm on the official page.
Deadline
No fixed deadline published. Watch the official page for calls.
Combinations
No stacking rules recorded.
Official page ↗ Check my match
Related schemes
- Credit Guarantee Scheme for Startups (CGSS) — Guarantee cover on loans up to ₹20 crore
- CGTMSE Credit Guarantee for Micro & Small Enterprises (CGS-I) — Collateral-free loans guaranteed up to ₹10 crore
- NIDHI Seed Support Program (NIDHI-SSP) — Seed support up to ₹1 crore per startup (typically ~₹25 lakh)
- Stand-Up India (SC/ST & women entrepreneurs) — Bank loan ₹10 lakh – ₹1 crore (scheme period ended 31 Mar 2025)
Last verified 2026-10-30