PMEGP Loan Scheme 2023 | PMEGP Loan Yojana 2023 | Prime Minister’s Employment Generation Program (PMEGP) will get a loan of up to 25 lakhs, apply online pmegp loan scheme 2023 | PMEGP Loan Scheme 2023 | Loans up to 25 lakhs will be available under Pradhan Mantri Rojargar Sarjan Program (PMEGP), apply online like this
PMEGP Loan Scheme 2023: – A scheme has been launched by the Prime Minister of the country to provide self-employment opportunities to the youth. Under this scheme, financial assistance will be provided by the Government of India to start up new micro industries. Under this scheme, a loan of up to 25 lakh rupees will be given by the government. Any person or organization who wants to start their own business can avail the benefit under this scheme.
We would like to inform you that to apply for PMEGP Loan Scheme 2023, you have to fulfill some documents and qualifications, in which you have no problem, for this we will provide you an approximate list so that you can check all the qualifications and documents. Fulfillment can benefit from this scheme.
Objective of PMEGP Yojana – PMEGP Loan Yojana
PM Employment Generation Program (PMEGP) scheme aims to provide financial assistance to unemployed persons, especially youth, to start their own business. The objective of this scheme is to overcome the problem of unemployment by providing loan facility to those individuals who do not have financial means to start their own business.
The main objective of the PMEGP scheme is to create employment opportunities in both rural and urban areas, thereby contributing to the economic development of these areas. By providing loan facility to individuals, the government hopes to empower them to become self-reliant and lead an independent life. The ultimate objective of the scheme is to reduce unemployment and improve the standard of living of individuals living in rural and urban areas.
Pradhan Mantri Rojargar Sarjan Yojana
PMEGP Loan Yojana Eligibility Criteria
To be eligible for the Pradhan Mantri Rojargar Sarjan Yojana (PMEGP) scheme, an applicant must fulfill the following criteria:
Residence: Applicant must be a resident of India.
Age: Applicant age should be more than 18 years.
Education: Applicants who have passed 8th standard can apply for this scheme.
Organization: The organization must be registered under the Societies Registration Act 1860, Production Co-operative Societies and Charitable Trusts are applicable under this scheme.
Self Help Groups: All self help groups including those below poverty line can get benefit under this scheme.
These criteria are to ensure that the scheme is accessible to persons from all backgrounds and that it achieves the objective of providing employment opportunities to unemployed persons. By meeting these criteria, applicants can ensure that they are eligible to apply for the PMEGP scheme and benefit from its resources.
PMEGP Loan Yojana – Required Documents
To apply for the Pradhan Mantri Rojargar Sarjan Yojana (PMEGP Loan Yojana) scheme, the following documents are required:
Aadhaar Card: A valid Aadhaar card is required as proof of identity.
PAN Card: A valid PAN card is required as proof of identity.
Educational Certificate: An educational certificate, such as mark sheet or degree, is required to prove that the applicant has passed 8th standard.
Caste Certificate: Caste certificate is required if the applicant belongs to special category like Scheduled Castes (SC), Scheduled Tribes (ST), Other Backward Classes (OBC), Minorities, Women, Persons with Disabilities, Ex-servicemen etc.
Proof of Residence: Proof of valid residence is required to confirm the applicant’s residential address.
Passport Size Photograph: A recent passport size photograph of the applicant is required.
Mobile Number: A valid mobile number is required to receive scheme updates and notifications.
PMEGP Loan Yojana – Benefits and Features of Employment Creation Yojana
Pradhan Mantri Rojargar Sarjan Yojana (PMEGP) is a scheme launched by the Central Government to provide employment opportunities to the unemployed youth in the country. This plan offers many benefits and features, including:
Provision of various employment opportunities: The objective of the scheme is to provide employment opportunities to the unemployed youth, help them become self-reliant and improve their standard of living.
Minimum project cost: The minimum project cost is 25 lakhs under manufacturing sector and 10 lakhs under business sector. This is to ensure that the scheme is accessible to individuals from all backgrounds.
Per Capita Investment: Per capita investment should not exceed Rs. 1 lakh and in plains Rs. 1.50 in hilly areas. This aims to ensure that the scheme is accessible to individuals from all backgrounds.
Subsidy for General Category: Beneficiaries of general category can avail financial benefits with subsidy of 25% in rural areas and 15% in urban areas, which will help them overcome financial hurdles in starting their own business.
Improvement of standard of living: The objective of the scheme is to improve the standard of living of the unemployed youth of the country by providing them with employment opportunities.
Reduction in Unemployment Rate: The scheme aims to reduce the unemployment rate in the country by providing employment opportunities to individuals.
Financial Assistance: The scheme provides financial assistance to individuals to start their own small businesses, helping them to become self-reliant.
Creation of employment opportunities:
The objective of this scheme is to create employment opportunities in the country by providing loan facility and other types of assistance to individuals who want to start their own business.
Overall, PMEGP s
Keem is designed to help individuals improve their standard of living by providing them with the resources they need to become self-reliant and start their own businesses.
Amount of subsidy under PMEGP Yojana – PMEGP Loan Yojana
Under the Pradhan Mantri Rojargar Sarjan Yojana (PMEGP) scheme, eligible individuals can get subsidies to help them start their own businesses. The subsidy amount varies depending on the category of the applicant and the location of the business (urban or rural area).
The subsidy amount for the general category in urban areas is 15% of the total expenditure, while in rural areas it is 25% of the total expenditure. Own contribution, which is the amount that the applicant must contribute, is 10% of the total cost for the general category in both urban and rural areas.
For special categories like Scheduled Castes (SC), Scheduled Tribes (ST), Other Backward Classes (OBC), Minorities, Women, Persons with Disabilities, Ex-servicemen etc., the amount of subsidy is 25% of the total expenditure in urban areas. 35% of total expenditure in areas and rural areas. Own contribution for special category applicants is 5% of total expenditure in both urban and rural areas.
The subsidy aims to help individuals overcome financial barriers to start their own businesses and promote inclusive growth. Own contribution helps ensure that the applicant is invested in the success of the business.
Amendment of PMEGP scheme
The Pradhan Mantri Rojargar Sarjan Yojana (PMEGP) scheme has undergone several reforms to make it more effective in creating employment opportunities. Some of the key improvements include:
For better performing units with a subsidy of 15-20% Rs. Provision of second loan amount of Rs.1 crore: The objective of this amendment is to provide additional support to businesses performing well under the scheme.
Introduction of Concurrent Monitoring and Evaluation: This reform aims to ensure that the plan is effectively implemented and meets its objectives.
Mandatory Aadhaar and PAN Card: By making Aadhaar and PAN card mandatory, the government aims to ensure that only eligible individuals can apply for and benefit from the scheme.
Geo-tagging of PMEGP Loan Yojana units: The objective of this reform is to ensure that the scheme is being implemented in the intended areas and businesses set up under the scheme are located in the right locations.
Increase in working capital components for manufacturing units: The amendment aims to increase working capital for manufacturing units, which will help them run more efficiently and effectively.
Overall, these reforms aim to make the PMEGP scheme more effective in generating employment opportunities and promoting economic growth in rural and urban areas.
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How to apply under PMEGP scheme? – PMEGP Loan Yojana
The procedure for applying for Pradhan Mantri Rojargar Sarjan Yojana (PMEGP Loan Yojana) is as follows:
Visit the official website of Khadi and Village Industries Commission (KVIC).
On the homepage, click on the option for PMEGP
Click on PMEGP Portal
Click on Apply Online option
Fill the registration form with personal and previously approved details
Attach all necessary documents like Aadhaar Card, PAN Card, Educational Certificate, Caste Certificate, Residence Proof, Passport Size Photograph, Mobile Number.
Click on the final submit option.
It is important to ensure that all the information given in the application form is accurate and all the required documents are attached. Following the above steps carefully and providing all the required information will help the applicant to successfully apply for the PMEGP scheme.
PMEGP Loan Yojana Contact List
The procedure for accessing the contact list for the Prime Minister’s Employment Generation Program (PMEGP) is as follows:
Visit the official website of Pradhan Mantri Rojargar Sarjan Yojana (PMEGP Loan Yojana).
On the homepage, click on the Contact List option
A new web page will appear.
Here you have to enter details like agency, state or address
After entering details click on search option.
The relevant contact list will appear which contains the contact details of the nodal agencies responsible for implementation of the scheme at national and state level.
This contact list will include contact details of Khadi and Village Industries Commission (KVIC) and State KVIC Directorates, State Khadi and Village Industries Board, District Industry Center and Banks. These agencies can be contacted for any queries or assistance regarding the PMEGP scheme.