PMEGP — what it is, and who it fits.
A credit-linked subsidy scheme that helps new micro-enterprises get started with a government subsidy on the project cost.
Prime Minister's Employment Generation Programme
The headline terms at a glance — set by the scheme and the lender, and subject to change.
What it is
The scheme in plain English — no jargon, no promises.
PMEGP is a credit-linked subsidy scheme aimed at generating employment through new micro-enterprises. A bank finances the project, and a portion of the cost comes as a government subsidy (the exact share varies by category and location). It's oriented at first-time setups rather than expansion.
The application runs through the scheme portal and a sponsoring bank; the subsidy is released against the bank's sanction. Because the subsidy rate and project ceilings are set by the scheme and revised periodically, we confirm the current terms with you before you apply.
Who qualifies
A first read on whether the scheme reaches a file like yours — your consultant confirms the details.
- New micro-enterprise (the scheme is for fresh setups, not existing units)
- Individual entrepreneurs and eligible institutions per the scheme rules
- A viable project within the scheme's cost ceilings
The loans that ride this scheme
These families on our shelf can be arranged under the scheme — browse the products in each.
Honest scope — PMEGP subsidy rates and project ceilings are set by the scheme and change periodically — we'll confirm the current terms with you rather than quote a fixed number here. The bank sanctions and the scheme releases the subsidy.
See if PMEGP fits your venture
A short enquiry, a reference id, and a named consultant on the phone within one working day. Free to check — the lender underwrites and decides, and any money moves directly between you and the lender.
Check eligibilityTalk to an advisor