India
France
HongKong
Japan
Kenya
New Zealand
Singapore
USA
Tanzania
UK
Uganda
Vietnam
Antwerp
Dubai
IBU GIFT CITY
Indonesia
Accounts
Cards
Loans
Deposit
Accounts
MSME
Corporate
Merchant Acquiring Business
Authorised Branches/ Centralised Office
Export Finance
Investments
FX Retail
Special Rupee Vostro Account
Govt. Deposit Schemes
Mutual Funds
Insurance
Accounts
Loans
Invest with us
Insure with us
Remit Money
Ancillary Services
Forms and FAQs
KYC - Updation
Agri Products
Financial Inclusion
Ancillary Services
- Any individual, above 18 years of age
- There will be no income ceiling for assistance for setting up projects under PMEGP
- For setting up of project costing above ₹10.00 Lakh in the manufacturing sector and above ₹5.00 Lakh in the business/service sector, the beneficiaries should possess at least VIII standard pass education.
- Assistance under the scheme is available only for new projects sanctioned specifically under PMEGP
Note : Existing units and the units that have already availed Government subsidy under any other scheme of Government of India or State Government are not eligible
For setting up new Micro enterprises:
| Categories | Beneficiary’s contribution of project cost | Rate of Subsidy of project cost | |
|---|---|---|---|
| Urban | Rural | ||
| General | 10% | 15% | 25% |
| Special categories | 5% | 25% | 35% |
The maximum cost of the project admissible for margin money subsidy under manufacturing sector is ₹50 Lakhs and business/service sector is ₹20 Lakhs respectively
Identification of Beneficiary
At district level by the State/District level implementation agencies and Banks.
Facility
Term Loan & Working Capital in form of cash credit
Project cost
- Increase in maximum cost of the project/unit admissible for margin money subsidy under Manufacturing sector from Rs. 25 lakhs to Rs. 50 lakhs.
- Increase in maximum cost of the project/unit admissible for Margin Money subsidy under service sector from Rs. 10 lakhs to Rs. 20 lakhs.
As per applicable rate of Interest
Repayment
Between 3 to 7 years after an initial moratorium as may be prescribed by Bank
For up-gradation of existing PMEGP/REGP/MUDRA
- Margin money (subsidy) claimed under PMEGP has to be successfully adjusted on the completion of lock in period of 3 years.
- First loan under PMEGP/REGP/MUDRA has to be successfully repaid in stipulated time.
- The unit is profit making with good turnover and having potential for further growth in turnover and profit with modernization/upgrading the technology.
Whom to contact
State Director, KVIC
Address available at http://www.kviconline.gov.in
Dy. CEO (PMEGP), KVIC, Mumbai
Ph: 022-26714370
Email: dyceoksr[at]gmail[dot]com
Scheme Guideline available at links mentioned below:
PRODUCTS YOU MAY LIKE
PM VISHWAKARMA
Collateral free ‘Enterprise Development Loans’ to artisans and craftspeople upto Rs.3 lakh in two tranches, at a concessional rate of interest fixed at 5%, with Government of India subvention to the extent of 8%.
Learn More
PMMY/Pradhan Mantri Mudra Yojana
For setting up of new/upgrading existing Micro business enterprises in the manufacturing, processing, trading and service sector and carrying out activities allied to agriculture, financing to weavers and artisans (income generating activity).
Learn More
SCLCSS
This scheme is applicable for SC/ST Micro and Small Units for the purchase of plant & machinery and equipment for term loan from the prime lending institution.
Learn More
Star Weaver Mudra Scheme
The Handloom Scheme aims at providing adequate and timely assistance from the Bank to the weavers to meet their credit requirement i.e. for investment needs as well as for working capital in a flexible and cost effective manner. The Scheme will be implemented both in rural and urban areas.
Learn More
