PMEGP Scheme 2023 Online Apply | PMEGP Scheme Check Loan Amount Limit | PMEGP Scheme View Core Units | PMEGP Scheme View Statistics | PMEGP Scheme Performance Report & All Details |
The Central Government has launched the Prime Minister Employment Generation Programme Scheme so that the unemployment rate of the country will decrease. This will emphasize generating and creating employment opportunities among the youth. Citizens will be able to sustain their livelihood after getting scholarship assistance. Subsidies will be provided to the applicants for employment generation.
Today through this article we will provide you with all types of information about PMEGP Scheme 2023 like Purpose, Eligibility Criteria, Benefits, Features and important Documents etc. Apart from this, we will share with you the process of applying online under this scholarship. To get complete information about this scholarship initiative, read this article till the end.
PMEGP Scheme 2023
PMEGP Scheme has been launched by the Central Government so that the citizens will be able to generate or create employment or job opportunities for themselves and also for others. Loans will be provided to the applicants at subsidised rates so that they will be able to improve their economic conditions after getting employment.
Shri. Narendra Modi Ji has launched the Prime Minister Employment Generation Programme Scheme to provide loans ranging from Rs. 10 lakhs to 25 lakhs to citizens who want to avail employment opportunities for themselves. The subsidy will be provided on the loan to the applicant. Around 20% of the subsidy will be allocated to the amount of loan to the applicant.
Highlights Of PM Employment Generation Programme Scheme
The highlights of this scheme are as follows:-
| Name Of The Scheme | PMEGP Scheme |
| known as | Citizens will be able to avail of subsidized loans |
| Launched By | Prime Minister Shri. Narendra Modi Ji |
| Launched under | Central Government |
| Delegated Commission | Khadi & Village Industries Commission |
| Delegated Ministry | Ministry Of Micro, Small & Medium Enterprises |
| Objective | To decrease the unemployment rate and increase the employment rate among the citizens |
| Benefit | Citizens will be able to avail subsidized loans |
| Applicable To | Citizens of India |
| Beneficiaries | Unemployed Youth |
| Mode Of Transfer | DBT (Direct Benefit Transfer) |
| Subsidy Rate | 15% to 20% |
| Payment Mechanism | e-payment mechanism |
| Form of Benefit | Loan Facilitation |
| Amount of benefit | Loans of Rs. 10 Lakhs to 20 Lakhs |
| Hosting Site | National Information Center (NIC) |
| Mode Of Application | Online |
| Office Address | KHADI & VILLAGE INDUSTRIES COMMISSION”Gramodaya”, 3, Irla Road, Vile Parle (West), Mumbai, Pin-400056 |
| Telephone number | 022) 26714320-22 / 26714325 /26716323 / 26712324 26713527-29 / 26711073 / 26713675 |
| Official Website | www.kviconline.gov.in |
Objectives Of PMEGP Scheme
The main objective of launching the Prime Minister Employment Generation Programme Scheme is to employ the citizens who are suffering from financial difficulties because of not having any jobs to them. This scheme will provide them loan assistance from Rs. 10 lakhs to Rs. 25 lakhs. Subsidized rates will also be provided to them. 20% subsidy will be offered to them on the loan amount.
Another objective of launching the PMEGP Scheme is to emphasize decreasing the unemployment rate and increasing the employment rate so that the development of the nation’s growth will take place to a higher level. It is the employment or job opportunities which can contribute some form of GDP value to the growth of State development.
Maximum Loan Amount Limit
Loans will be provided to the applicant for the generation of employment opportunities. The maximum limit of the loan amount will be Rs. 1 crore. To this amount, Rs. 3.75 lakhs of subsidy will be allocated to the applicant. Beneficiaries will need to contribute 15% to 20% to this loan amount.
Implementation Procedure
This scheme will be implemented through the KVIC (Khadi & Village Industries Commission Act) which acts as a single National Level Nodal Agency at the National level. At the state level, the State Directors of KVIC will act as an implementing agency for this scheme. This will also monitor the performance of the loan amount in both the rural and urban areas.
Core Units Of KVIC
The core units of KVIC are as follows:-
- All Public Sector Banks
- All Regional Rural Banks
- Cooperative Banks
- Private Scheduled Commercial Banks
- Small Industries Development Bank of India (SIDBI)
PMEGP Scheme Statistics
The statistics of this scheme are as follows:-
| Applications Received | 482945 |
| Sanctioned By Banks | 93659 |
| Margin Money Released | 102595 |
| Forwarded To Banks | 353238 |
| Margin Money Claimed | 83533 |
State Wise Performance Report
The state-wise performance report are as follows:-
| State | Rural | Urban |
| Chhattisgarh | 2502 | 512 |
| Madhya Pradesh | 5396 | 2678 |
| Uttar Pradesh | 10345 | 2236 |
| Uttarakhand | 1511 | 321 |
| Andaman Nicobar | 80 | 82 |
| Bihar | 1988 | 485 |
| Jharkhand | 1198 | 510 |
| Odisha | 3372 | 919 |
| West Bengal | 2129 | 172 |
| Chandigarh-ut | 0 | 21 |
| Delhi | 4 | 93 |
| Haryana | 1259 | 460 |
| Himachal Pradesh | 1244 | 29 |
| Jammu Kashmir | 20079 | 1561 |
| Ladakh (Ut) | 277 | 18 |
| Punjab | 1277 | 502 |
| Rajasthan | 1889 | 686 |
| Arunachal Pradesh | 187 | 9 |
| Assam | 2939 | 540 |
| Manipur | 974 | 163 |
| Meghalaya | 678 | 20 |
| Mizoram | 539 | 111 |
| Nagaland | 1027 | 214 |
| Sikkim | 77 | 8 |
| Tripura | 798 | 157 |
| Andhra Pradesh | 2002 | 468 |
| Karnataka | 4349 | 1515 |
| Kerala | 2278 | 502 |
| Lakshadweep | 7 | 0 |
| Puducherry | 44 | 22 |
| Tamil Nadu | 4903 | 1054 |
| Telangana | 2270 | 633 |
| Dadra Nagar Haveli | 4 | 1 |
| Daman And Diu | 0 | 3 |
| Goa | 82 | 3 |
| Gujarat | 3320 | 743 |
| Maharashtra | 3127 | 989 |
Benefits Of Prime Minister Employment Generation Programme Scheme
The benefits of this scheme are as follows:-
- All the citizens who want to get loans for getting employment will be considered eligible for getting loans.
- The PMEGP Scheme will provide loans at subsidised rates.
- Around 10 to 25 lakhs of loans can be availed by the applicant after getting a subsidy provided to them.
- Citizens can get loans from the empanelled banks registered for lending loans.
- With this loan, they can start their new business in manufacturing, trade and other sector services.
- One can avail of 3.25 lakhs of subsidy on the loan amount of Rs. 5 crores.
- Lakhs of applicants will be able to get loans for generating their employment.
- One can open agro-based food industry, hand paper industry, fibre industry and forest-based industries after getting loans provided under the Prime Minister Employment Generation Programme Scheme.
- Rural citizens will be given the maximum amount of subsidy while borrowing the loan amount as compared to the Urban citizen.
- Citizens can open their industries and business ventures after getting these loans.
Features Of PMEGP Scheme
The features of this scheme are as follows:-
- The Prime Minister has launched the Prime Minister Employment Generation Programme Scheme.
- This scheme has been initiated by the Shri. Narendra Modi Ji.
- This scheme falls under the supervision of KVIC ( Khadi & Village Industries Commission).
- This scheme has been only launched after getting approval from the Central Government or cabinet.
- This will provide loans ranging from Rs. 10 lakh to Rs. 25 loans.
- The subsidy will also be provided to the applicant for borrowing loans based on the amount of loan which he/she is going to borrow.
- One can get loans from the regional rural banks, public banks and other banks which have been empanelled for providing or lending loans to the applicants.
- Loans will be provided to the applicant for opening any kind of industry under the PMEGP Scheme.
- 15% to 20% subsidy will be offered to the applicant on the 2nd application.
- For getting more information one can visit the official website.
Eligibility Criteria
The applicants will need to follow the mentioned below eligibility criteria for getting registration under this scheme:-
- The applicant must be an Indian.
- The age of the applicant must be equal to 18 years.
- Applicants from rural and urban areas will be considered eligible for getting loans.
- Those applicants will not be considered eligible who want to invest the loan amount in their old industry.
Important Documents
Some of the important documents required to apply online under the PMEGP Scheme are as follows:-
- DOB certificate
- Annual Income Certificate
- Latest Passport Size Photograph
- Bank accounts details
- Fee Receipt
- Active Mobile number for receiving OTPs
- Working Email Id for future reference
- Latest Passport Size Photograph
Process To Apply Online Under PMEGP Scheme
The applicants will need to follow the mentioned-below points for getting online registration under this scheme:-
- First of all, you will need to visit the Official Website of KVIC.
- Now you will land on the homepage.
- Click on the PMEGP option.
- A new page will be displayed on your screen.
- Now click on the PMEGP Portal link.
- Once again a new page will be shown on your screen.
- Click on the button to Apply Online.
- A pop-up menu will be displayed where you will need to click on the link to the Online Application.
- The registration form will be shown on your screen.
- Fill this form correctly and proceed with the next button for completing the other form-filling formalities.
To Do Login
The applicants will need to follow the mentioned-below points to get a login to the portal:-
- To login, visit the official website first.
- Now you will land on the homepage.
- Click on the PMEGP option.
- A new page will be displayed on your screen.
- Now click on the PMEGP Portal link.
- Once again a new page will be shown on your screen.
- Now click on the link to Login Form For Registered Applicant.
- A login form will get shown on your screen where you will need to fill out the correct details such as:-
- User Id
- Password
- Now click on the Login button.
Submitting Feedback
The applicants will need to follow the mentioned-below points to submit feedback on the portal:-
- Now the applicant will need first to visit the official website.
- Then you will get land on the homepage.
- Click on the PMEGP option.
- A new page will be displayed on your screen.
- Now click on the PMEGP Portal link.
- Once again a new page will be shown on your screen.
- Now click on the link to Feedback Form For Applicant.
- A login form will be displayed because the applicant will need first to get a login then he/she will be able to submit feedback to the portal.
- After getting a login, you will be allowed to submit feedback on the portal.
Contact Information
In case any queries & questions come to your mind regarding the PMEGP Scheme, then you may contact this mentioned below office address and telephone number:-
- Office Address:-
- KHADI & VILLAGE INDUSTRIES COMMISSION
- “Gramodaya”, 3,
- Irla Road, Vile Parle (West),
- Mumbai,
- Pin-400056
- Telephone Number:- 022) 26714320-22 / 26714325 /26716323 / 26712324 26713527-29 / 26711073 / 26713675