PMEGP - MSME Loan / SME Loan Government Schemes | SBI - Business

Scheme : PRIME MINISTER EMPLOYMENT GENERATION PROGRAMME(PMEGP)

• Implementing Ministry : Khadi and Village Industries Commission (KVIC)
• Portal : Online (PMEGP e- portal) www.kviconline.gov.in
• Beneficiaries/Target Group : 
  • Any individual, above 18 years of age.
  • For setting up of project costing above Rs. 10 lakh in the manufacturing sector and above Rs. 5 lakh in the Business/ Service sector, the beneficiaries should possess at least VIII standard pass educational qualification.
  • Assistance under the scheme is available only for new projects sanctioned specially under the PMEGP.
  • Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme) are also eligible for assistance under PMEGP.
  • Institutions registered under Societies Registration Act, 1860/Production Co-operative Societies/ charitable Trusts.
  • Existing units and units have already availed Government Subsidy under any other scheme of Government of India/ State Government are not eligible.
• Purpose :  For creation of employment.
• Loan Quantum : The maximum cost of the project/unit admissible under manufacturing sector is Rs. 50 lacs. The maximum cost of the project/unit admissible under business/service sector is Rs. 20 lacs. (For upgradation of project under manufacturing Sector is Rs.1.00 crores).
• Margin : General Category 10% (Special Category-5%-SC/ST/OBC etc.)
• Repayment : 3 to 7 years
• ROI : EBLR+3.25% (8.90%+3.25%, Presently effective rate is 12.15% p.a. w.e.f 15.02.2025)
• Int Subvention : The subsidy ranging from 15% to 35% of project cost provided by Government of India through Khadi and Village Industries Boards (KVIC).
• Credit Guarantee : CGFMU (Up to Rs.10 Lac)/ CGTMSE (Above Rs.10 Lac)