If you are also thinking of setting up your business in 2024 and need your money, then PMEGP Loan 2024: Scheme is a good and relief news for you that the government will directly give you a full loan of Rs 50 lakh for your business. We will tell you in detail about PMEGP Loan 2024 in this article, so that all of you can avail its benefits. At the same time, we want to tell you that to apply for PMEGP Loan 2024, you will have to fulfill some documents and qualifications. You will have to do so that you do not face any problem, for this we will provide you an estimated list so that you can avail the benefit of this scheme by fulfilling all the qualifications and documents.
We will definitely try our best to present you the complete information that we have taken from online.
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Extension Of PMEGP Scheme 2023
| 2024 PMEGP Loan Scheme: Unlocking Business Venture Opprtunities |
| Extension Of PMEGP Scheme 2023 |
| What are the benefits and facilities of PMEGP Yojana? |
| PMEGP Loan Document Required,? |
Narendra Modi government approved continuation of Prime Minister’s Employment Generation Program PMEGP for 5 years from 2021 22 to 2025 26 in 2022. The approved outlay for continuation of the scheme during the 15th Finance Commission cycle is Rs 13, 554.42 crore. It has modified the existing scheme by increasing the maximum project cost for manufacturing units from the existing Rs 25 lakh to Rs 50 lakh and for service units from the existing Rs 10 lakh to Rs 20 lakh. It also revised the definition of village industry and rural area for PMEGP. Areas falling under Panchayati Raj Institutions will be treated as rural area while areas falling under Municipality will be treated as urban area. Furthermore, all the implementing agencies will be considered as rural or urban category. All areas are permitted to receive and process applications. PMEGP applicants from aspirational districts and transgenders will be treated as investment category applications and will be entitled to higher subsidy.
Since its inception in March 2008-9, about 7.8 lakh micro industries have been supported with a subsidy of Rs 19,995 crore, providing estimated permanent employment to 64 lakh people. Of the units assisted, about 80 are rural. areas and approximately 50 units are owned by SC, ST and women categories.
The Government has implemented PMEGP in the year 2008 by merging two schemes namely Pradhan Mantri Rozgar Yojana (PMRY) and Rural Employment Guarantee Scheme (REGP) with Khadi and Village Industries Commission (KVIC) as the nodal agency. Under the PMEGP scheme, construction and Loans up to Rs 25 lakh are given to service industries in which 15% to 35% subsidy is provided by KVIC depending on the sector. To further honor this process, micro enterprises have been set up in non-agricultural sectors. .
Under the PMEGP scheme, general category beneficiaries can avail margin money subsidy of up to 25% of the project cost in rural areas and up to 15% in urban areas. Scheduled Caste (SC), Scheduled Tribe (ST), OBC, Minorities, Women Margin money subsidy for beneficiaries belonging to special categories like soldiers and physically handicapped is 35% in rural areas and 25% in urban areas.
What are the benefits and facilities of PMEGP Yojana?
There is no age limit for assistance in setting up projects under PMEGP. All of you must have passed at least 8th class. Assistance under the scheme is not specifically approved under PMEGP only.
Existing units and those units which have already availed the benefit of any government subsidy (PMRY), REGP, (PMEGP) or any other scheme of Government of India or State Government are not eligible.
Projects without capital expenditure (term loan) are not eligible.
Land cost cannot be included under the project cost All work placement agencies (KVIC KVIB, DIC and Choir Board) can process applications in both rural and urban areas All Chowkidars must have their Aadhar card and the applicant must be registered with the UIDAI server. You will have to give your consent to authenticate details like Aadhaar number, name, date of birth, time of birth and mobile number. By completing all the eligibility criteria, you can easily apply for a loan under this program and get its benefits.
PMEGP Loan Document Required,?
- Passport Size Photo
- Highest Educational Qualification
- Project Report Summary
- Social/Special Category Certificate
- Rural area certificate
All these documents are necessary
And we will give the video below about how you can apply for PMEGP loan online, watch it by heart and do it step by step as told in the video.
What are the benefits and facilities of PMEGP Yojana?
All of you must have passed at least 8th class. Assistance under the scheme is not specifically approved under PMEGP only.
PMEGP Loan Document Required,?
If you are also thinking of setting up your business in 2024 and need your money, then PMEGP Loan 2024: Scheme is a good and relief news for you