Purpose
|
- To generate employment opportunities in rural as well as urban areas through setting up of self-employment ventures;
- To provide continuance & sustainable employment to a large segment of traditional and prospective artisans and unemployed youth, so as to help arrest migration of rural youth to urban areas.
|
Age
|
Minimum 18years
|
Eligibility
|
- Any adult individual beneficiary above 18 years of age
- There will be no income ceiling for assistance under PMEGP
- For setting up of project costing above Rs. 10 lakh in manufacturing sector and above Rs. 5 lakh in the business/service sector, the beneficiaries should possess at least VIII Standard pass education qualification.
- Assistance under the scheme is available only for new projects sanctioned specifically under the PMEGP.
|
Quantum of Loan
|
Maximum limit:
- Rs. 25.00 lakh for Manufacturing unit
- Rs. 10.00 lakh for Service unit
|
Margin
|
- General Category: 10%
- Special Category: 5%
|
Interest Rate
|
As per Bank's guidelines.
|
Visit KVIC Portal to Apply Online |