PM Employment Generation Programme (PMEGP)
PMEGP helps people set up new micro enterprises and create jobs. Banks give the loan and the government pays a part of the project cost as a margin-money subsidy, administered by the Khadi and Village Industries Commission (KVIC).
Visit official websiteWho can apply
- Individuals aged 18 or above
- At least Class VIII pass for manufacturing projects above ₹10 lakh and service projects above ₹5 lakh
- Only new units — existing units and units that have already taken a government subsidy are not eligible
Key features
- Subsidy of 15% (urban) or 25% (rural) of the project cost for general category applicants
- Subsidy of 25% (urban) or 35% (rural) for special categories, including SC/ST, OBC, women, minorities and ex-servicemen
- Own contribution of 10% for general category and 5% for special categories
How to apply
- Apply online on the KVIC PMEGP e-portal with your project report
- After screening, the application is sent to a bank for the loan
- Complete the entrepreneurship development training before the subsidy is released
Need money sooner?
Check your pre-approved Bachatt Insta Loan offer — up to ₹5 lakh from RBI-regulated partner banks and NBFCs, with no paperwork.
Frequently asked questions
What is the maximum project cost under PMEGP?+
The ceiling is set separately for manufacturing and service projects and is revised from time to time. Check the current limit on the KVIC PMEGP portal.
More government loan schemes
See all government loan schemesThis page is for information only. Bachatt is not affiliated with this scheme; the scheme name belongs to the Government of India and its agencies. Limits, rates and eligibility change from time to time — always check the official website before you apply.