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Prime Minister's Employment Generation Programme (PMEGP)

Offered by KVIC (Khadi and Village Industries Commission)

Overview

PMEGP is a central government credit linked subsidy scheme implemented by KVIC, providing a 15 to 35 percent margin money subsidy for new micro enterprises, on project costs up to Rs 50 lakh (manufacturing) or Rs 20 lakh (business or service).

Eligibility

  • Individual applicant above 18 years
  • Minimum class VIII education required for projects above Rs 10 lakh (manufacturing) or Rs 5 lakh (service)
  • New project only, existing or expanding units are not eligible under this window
  • Only one person per family eligible per project
  • Self Help Groups, charitable trusts, registered societies, and production co-operative societies also eligible

Funding Purpose

Margin-money subsidy toward setting up a new non-farm micro-enterprise.

Application Process

Mandatory online application through the PMEGP e-portal with Aadhaar authentication; a task force committee selects applicants, and the bank sanctions the loan with margin money subsidy credited as TDR/SRF, adjusted after a 3 year lock-in subject to physical verification.

Required Documents

  • Project report
  • Education and training certificates
  • Caste or special category certificates where applicable
  • Aadhaar
Apply Now ↗

How to Apply

  1. 1Click "Apply Now" above and submit your application directly on the official page.
  2. 2The offering organisation screens applications against its own eligibility criteria.
  3. 3Shortlisted applicants may be invited to a pitch or interview round.
  4. 4The final decision rests solely with the offering organisation.
  5. 5There is no guarantee of funding at any stage.

Before You Apply

  • ZeedFund is an independent tracker, not the offering organisation or a funding body.
  • Verify current eligibility, funding amount, and deadline on the official page before applying. Details can change after we last verified them.
  • Once you apply, all follow-up (screening updates, interview or pitch invites, and the final decision) comes directly from the facilitator, incubator, or investor, never from ZeedFund. Check their application portal or email yourself for status updates; we won't have visibility into it.