Scheme for providing financial assistance to set up new enterprises under PMEGP
1.1. Prime Minister’s Employment Generation Programme (PMEGP)
| Related Scheme | Prime Minister Employment Generation Programme (PMEGP) | |||||||||||||||||||
| Description | PMEGP is a major credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector. The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks. | |||||||||||||||||||
| Nature of assistance | I) For setting up of new micro enterprise (units) The maximum cost of the project/unit admissible in manufacturing sector is ₹ 50 lakh and in the business/service sector, it is ₹ 20 lakh.
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| Who can apply? | Any individual, above 18 years of age. At least VIII standard pass for projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business / service sector. Existing units (under PMRY or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of India or State Government are NOT eligible. Existing units (PMEGP/REGP/MUDRA) are eligible for 2nd Loan. | |||||||||||||||||||
| How to apply? | The beneficiaries can apply for loan under the Scheme only through PMEGP e-portal (http://www.kviconline.gov.in/pmegpeportal/jsp/pmegponline.jsp). For further detail about the scheme, beneficiaries may contact the nearest KVIC/KVIB/DIC offices and the website https://www.kviconline.gov.in The beneficiaries may apply through offline mode by submitting physical applications to implementing agencies. Physical applications are available in 11 regional languages viz. Assamese, Malayalam, Odia, Punjabi, Tamil, Gujarati, Marathi, Bengali, Telugu and Kannada. Beneficiaries can download the physical forms from the website: https://www.kviconline.gov.in/pmegpeportal/jsp/offlineform.jsp | |||||||||||||||||||
| Whom to contact | Joint CEO (PMEGP), KVIC, Mumbai Ph: 022-26711017 Email: rajanbabu[dot]kvic[at]gov[dot]in | |||||||||||||||||||
| Revised Guidelines Download Scheme Guidelines (English) | ||||||||||||||||||||
| Revised Guidelines Download Scheme Guidelines (Hindi) | ||||||||||||||||||||
| Guidelines for 2nd Fin. Assistance under PMEGP for Expansion of the Existing Successful PMEGP/MUDRA units (English) (Hindi) | ||||||||||||||||||||
1.2. Credit Guarantee Trust Fund for Micro & Small Enterprises (CGT SME)
1.3. Interest Subsidy Eligibility Certificate (ISEC)
| Related Scheme | Interest Subsidy Eligibility Certificate (ISEC) |
| Description | The Interest Subsidy Eligibility Certificate (ISEC) Scheme is an important mechanism of funding khadi programme undertaken by khadi institutions. It was introduced to mobilise funds from banking institutions for filling the gap between the actual fund requirements and availability of funds from budgetary sources. |
| Nature of assistance | Under the ISEC Scheme, credit at a concessional rate of interest of 4% per annum for working capital, is made available as per the requirement of the institutions. The difference between the actual lending rate and 4% is paid by the Central Government through KVIC to the lending banks. |
| Who can apply? | The Khadi institutions, having valid Khadi certificate and sanctioned khadi programme.The Institutions registered with the KVIC/State Khadi and Village Industries Boards (KVIBs) can avail of financing under the ISEC Scheme, the Scheme supports only the khadi and the polyvastra sector. |
| How to apply? | The Khadi institutions will apply to the financing bank for working capital alongwith the ISEC certificate issued by KVIC. Based on the working capital sanctioned, financing bank will raise the reimbursement claim to the nodal branch for the differential interest rate over and above 4%. |
| Whom to contact | Dy. CEO, KVIC Ph: 022-26710021 Email: kvicecr[at]gmail[dot]com |
| Download Scheme Guidelines | |
