GovernmentCentral Verified 2025-11-09

Prime Minister Employment Generation Programme (PMEGP)

Financial assistance (Margin Money Subsidy) for setting up new micro-enterprises. Max Project Cost: Manufacturing ₹50 Lakh, Services ₹20 Lakh.

Maximum benefit value

₹20 L

Eligibility

  • Above 18 years of age
  • Minimum 8th standard pass for projects > ₹10 Lakh (Manufacturing) / > ₹5 Lakh (Services)
  • New projects only
  • No income limit for assistance

How to apply

Online application via the KVIC portal. Interview with District Level Task Force Committee (DLTFC). Loan sanctioned by banks/NBFCs.

Required documents

  • Aadhaar Card
  • PMEGP E-Tracking application form
  • Educational Qualification Certificate
  • Project Report
  • Caste/Special Category Certificate (if applicable)

Official sources

Verification notes

Margin money is locked in a Term Deposit for 3 years, released upon successful project functioning.