PMEGP Loan Scheme
An Opportunity Gateway for New Entrepreneurs
The Prime Minister’s Employment Generation Programme (PMEGP) loan is not just financial aid, but a stepping stone for starting your own business. This scheme is specifically designed for individuals who wish to become economically independent by starting their own ventures.
What is this scheme for?
Under the PMEGP Loan Scheme, the government and banks together provide financial support to start an enterprise. The funding is divided into two parts:
- Margin Money Subsidy: Government grant ranging from 15% to 35%.
- Bank Loan: The remaining project cost loan which must be repaid.