Abbreviation of PMEGP is Prime Ministers Employment Generation Programme and this scheme is in terms to help rural and urban residence. This scheme is an official scheme of Central Government of India to helping and solving poor and unemployment cases among average and low- class citizens in setting up new micro finance groups and resulted in a more unified approach to setup small and micro enterprises to increase number of jobs in country. This scheme is inaugurated in 2008 along with two other earlier schemes (PMRY) Prime Minister’s Rojgar Yojana and (REGP) Rural Employment Generation Programme. Scheme PMEGP is runs under great Khadi and Village Industries Board and District Industries Centre.
Eligibility Criteria: –
person who want to utilize benefits of PMEGP scheme then he/ she needs to know eligibility criteria in many factors and if interested person will reach eligibility criteria then they can go to apply scheme. organization can also utilize this scheme. So, please remember below eligibility factors.
Applicant should be 18 years and above.
Beneficiary must have study and should clear at least class 8th.
beneficiary wants to establish a manufacturing unit, PMEGP scheme will cover cost of unit Rs. 10 lakh or to put a service unit then under PMEGP scheme unit cost will cover up to Rs. 5 lakh through loan.
Self- group can also utilize scheme loan and those groups will have not availed any other benefits from scheme.
Societies can also utilize scheme benefits that are registered under Society Registration Act 1860.
Charitable trust and production co –operative societies can also avail this scheme benefits
There will no limits of income ceiling to avail this loan PMEGP.
PMEGP scheme is eligible for only new units and not eligible for existing units and also scheme benefits can avail only new units if any organization has taking any benefits from other schemes then that organization is also not eligible for PMEGP scheme loan.
How to Apply PMEGP Scheme Loan: –
Interested applicants or organization can avail PMEGP scheme by applying application from through online process and applicant should have to reach eligibility criteria of PMEGP scheme. Below mentioned process is about to apply PMEGP loan so follow it carefully.
Applicant should have to open official website of PMEGP www.kviconline.gov.in
On home page itself you will find out “PMEGP Application Form” for individual applicant. First you have validate your Aadhar card by entering in corresponding fields and also enter name as in Aadhar card then select option “validate Aadhar”.
Fill all required details in a proper manner without any mistakes such as Sponsoring agency, Date of Birth, caste, servicemen option, Disability, Educational Qualification, communication details, etc… whichever is relevant to you select it.
Provide details about unit that where it is establishing such as in Rural or Urban with complete details.
Provide activity which you have to be going to undertake and indicate whether you need any training or not if yes on which subject you need training.
Now provide financing bank details in two options also and then recheck bank account details then hit tick mark in declaration box and save details.
System will generate Application ID and Password and also it is sent to your registered mobile number.