Prime Minister’S Employment Generation Programme (PMEGP) (Important) (Download PDF)

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Prime Minister’s Employment Generation Programme (PMEGP) is credit-linked subsidy program providing self-employment opportunities through micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth.

Image of PM Employment Generation Programme

Image of PM Employment Generation Programme

Image of PM Employment Generation Programme

  • Individual above 18 years of age is eligible for setting up of projects costing above Rs. 10 lakh in the manufacturing sector and above Rs. 5 lakh in the service sector
  • Beneficiaries receive margin money subsidy of 25 % of the project cost in rural areas and 15 % in urban areas, for special categories the margin money subsidy is 35 % in rural areas and 25 % in urban areas.
  • Total 4.23 lakh micro enterprises assisted with margin money subsidy providing employment to 35.48 lakh persons.

Steps for Effective Implementation of PMEGP

  • Online PMEGP-MIS web portal introduced to streamline application and fund flow and bring transparency.
  • Applications and fund flow to be processed online in stipulated time frame for better financial management and preventing parking of funds at Nodal bank level
  • Publicity through print and electronic media and awareness camps at Districtand State level
  • Exhibitions conducted at zone and national level for marketing support.
  • EDP training being conducted through Departmental Training Centres
  • Industries such as Khadi, processing of Pashmina Wool, handloom and power loom units, value added products for tea, coffee, rubber etc. and transport activities now eligible for funding under PMEGP.

- Published/Last Modified on: September 6, 2017

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