PMEGP Loan Calculator – A Tool for Proper Financial Planning for Your Business
The PMEGP Loan Calculator is a digital tool that helps you estimate how much loan you can get for your entrepreneurial project, the subsidy amount, and the capital you need to invest yourself.
What is the PMEGP Loan Calculator?
It is an online facility that shows, in simple language and figures, the following under the PMEGP scheme:
- Loan amount
- Subsidy percentage
- Self-contribution capital
- Estimated repayment
Main Components for Using the Calculator:
- Total Project Cost – The total expense to start your business (e.g., ₹5 lakh / ₹10 lakh)
- Category – Your category (General, Women, SC/ST/OBC, Disabled, etc.)
- Location – Whether the business is rural or urban
- Your Contribution – Percentage of capital you will contribute
Example:
| Component | Details |
|---|---|
| Project | ₹5,00,000 |
| Business Location | Rural |
| Applicant Category | Women (OBC) |
| Subsidy Eligibility | 35% |
| Self Contribution | 5% (₹25,000) |
| Government Subsidy | ₹1,75,000 |
| Bank Loan | ₹3,00,000 |
After entering these details, the calculator automatically displays all the figures.
How to Use the PMEGP Loan Calculator?
If a direct calculator isn’t available, you may use other MSME calculators.
- Enter the above components.
- Click “Calculate.”
- You will get details on the loan amount, subsidy, and other relevant data for your project.
Important to Remember:
- The figures provided by the calculator are approximate; the final decision rests with the bank and KVIC.
- The PMEGP Loan Calculator is only a preparatory tool and is not used for final approvals.
- All figures should be consistent with your official project report.