Prime Minister's Employment Generation Programme (PMEGP)
Start your dream business with financial assistance under PMEGP. Get government margin money subsidy on bank loans for manufacturing and service enterprises through the Government of India's flagship self-employment and MSME loan scheme.
Free Eligibility Check
Discover schemes you're eligible for.
₹50L
Max Manufacturing Project Cost
₹20L
Max Service Project Cost
35%
Maximum Margin Money Subsidy
KVIC
Implementing Agency (Under MSME Ministry)
What is PMEGP?
The Prime Minister's Employment Generation Programme (PMEGP) is a flagship credit-linked subsidy scheme, launched in 2008, and implemented by the Khadi and Village Industries Commission (KVIC) under the Ministry of MSME. It helps aspiring entrepreneurs establish new manufacturing and service enterprises by providing a government margin money subsidy of 15% to 35% on eligible bank loans, with the bank financing 90–95% of the project cost, through participating banks, KVIBs, and District Industries Centres (DICs).
Key Benefits
Manufacturing Project Cost
Up to ₹50 Lakh
Manufacturing enterprises can avail project funding up to ₹50 lakh under PMEGP.
Government Margin Money Subsidy
15%–35%
Non-refundable margin money subsidy based on applicant category and project location (rural/urban).
Service & Business Project Cost
Up to ₹20 Lakh
Financial assistance for eligible service and trading businesses up to ₹20 lakh.
Self-Employment & Job Creation
Business Growth
Support to establish new enterprises, generate self-employment, and create local jobs.
Who Can Apply?
Check whether your business qualifies before starting the application process.
Indian Citizen Above 18 Years
Eligibility requirement for application approval.
New Manufacturing or Service Enterprise (Not an Existing Unit)
Eligibility requirement for application approval.
Minimum 8th Pass for Projects Above ₹10 Lakh (Manufacturing) or ₹5 Lakh (Service)
Eligibility requirement for application approval.
Individual, SHG, Trust, Society or Cooperative
Eligibility requirement for application approval.
Project Not Previously Assisted Under PMEGP or Similar Subsidy Scheme
Eligibility requirement for application approval.
Eligible Business Activity Under PMEGP Guidelines
Eligibility requirement for application approval.
Not Sure About Your Eligibility?
Our experts will review your profile and suggest the best government schemes based on your business stage and industry.
📞 Free Eligibility AssessmentApplication Process
We handle everything from eligibility assessment to final approval.
Eligibility Check
Verify your eligibility and select the appropriate business project category under PMEGP.
Prepare Detailed Project Report (DPR)
Create a detailed project report with financial estimates, machinery costs, and business plan.
Online Application via KVIC Portal
Submit your PMEGP application through the official KVIC Online (kviconline.gov.in) portal.
DIC & Bank Verification
The project is evaluated by the District Industries Centre (DIC) or implementing agency and the financing bank.
Loan Sanction & Margin Money Subsidy
After approval, the bank loan is sanctioned and the eligible government margin money subsidy is credited to a Term Deposit Receipt as per PMEGP guidelines.
Required Documents
Aadhaar Card
PAN Card
Passport Size Photograph
Educational Qualification Certificate (If Applicable)
Detailed Project Report (DPR)
Business Address Proof
Caste Certificate (If Applicable)
Special Category Certificate (If Applicable)
Rural Area Certificate (If Applicable)
Bank Account Details
Udyam Registration (If Available)
GST Registration (If Applicable)
Why Choose LegalNova?
Expert Guidance
High Approval Rate
Fast Processing
End-to-End Support
Quick Benefits
- Up to ₹50 Lakh Project Cost
- Up to 35% Margin Money Subsidy
- KVIC-Implemented Scheme
Ready to Apply?
Get professional assistance from Legal Nova and maximize your chances of approval.