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Khadi Board extended project cost to 50 Lakhs

Prime Minister’s Employment Generation Programme (PMEGP)

khadi india

 

Khadi Board India

New update on subsidy scheme i.e. “Prime Minister’s Employment Generation Programme (PMEGP)”

The scheme is launched by Central Government to generate employment opportunities in rural as well as semi-urban areas by setting up self-employment ventures and projects. The scheme helps small businessman in setting up their new units and upgrade the existing ones.

 

 

Eligible Beneficiaries:

• Individual Entrepreneurs
• Co-operative Societies
• Self Help Groups
• Trusts

Note: Partnership Firms/ Companies are not eligible to apply under this scheme.

 

 

Financial Assistance/Subsidy/Benefits Available in Khadi Board:

Under the scheme financial benefit is provided by central government in form of subsidy to the new units and existing units under manufacturing and service sector:

 

1. For New Units:

A. General category: Subsidy of 15% of project cost in urban area and 25% of project cost in rural area.
Further, 10% of total project cost should be invested by beneficiary.

B. Special category (women, SC/ST/OBC, ex-servicemen): Subsidy of 25% of project cost in urban area and 35% of project cost in rural area.
Further, 05% of total project cost should be invested by beneficiary.

 

Note: Maximum project cost for manufacturing sector is Rs. 50 Lakhs and for service sector is Rs. 20 Lakhs.

 

2. For Existing Units:

The units which have already taken benefit of the scheme can apply for another loan for upgradation of existing units.
Subsidy of 15% of project cost available in urban as well as rural area.
Further, 10% of total project cost should be invested by beneficiary.

 

Note: Maximum upgradation project cost for manufacturing sector is Rs. 1 Cr. and for service sector is Rs. 25 Lakhs.

 

 

Eligibility Conditions:

1. Individual applying under the scheme should be above 18 years of age.
2. For setting up project above 10 Lakhs in manufacturing sector and above 5 Lakhs in service sector, the beneficiary should have educational qualification of at least 8th standard.
3. Only one person from family can apply under this scheme.

If you are planning to set up a small business, then you should plan accordingly and take maximum benefit of the above scheme by connecting with us at 9017151780.

 

 

We at KIP provide assistance in new business opportunity and many subsidy schemes applicable on various businesses. So, if you want to know more subsidy schemes visit-

 

  1. Collateral Free Credit Guarantee Scheme- https://kipfinancial.com/collateral-free-credit-guarantee-scheme/
  2. Electric Duty Exemption https://kipfinancial.com/electric-duty-exemption/
  3. Testing Equipment Scheme– https://kipfinancial.com/testing-equipment-scheme/
  4. Employment Generation Subsidy Scheme- https://kipfinancial.com/employment-generation-subsidy/

 

 

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