PMEGP SCHEME
About PMEGP
- PMEGP is a Central Sector Scheme i.e Administered by the Ministry of Micro, Small and Medium Enterprises (Mo MSME) and Implemented by Khadi and Village Industries Commission (KVIC) and District Industries Centers (DICs).
- Applicable : For 5 Years from FY 2021-22 to FY 2025-26.
- A Budget of Rs. 13,554.42 Crore Approved for 5 Years to Set up 4 Lakhs Projects with Creation of 30 lakh Employment.
Project Cost
Allowable Project Cost For Subsidy Purpose:
- For manufacturing unit : Rs.50.00 lakhs
- For Service Unit : Rs.20.00 lakhs
Note : Cost of Land will not be included in the Project Cost. Projects beyond Rs. 50.00 Lacs can be eligible but subsidy shall be restricted on Project Cost up to Rs. 50.00 Lacs only.
Quantum of Subsidy (New Units)
Note : Only Individual Applicant can apply under PMEGP and Partnership Firm and Company are not eligible to take the Benefits of PMEGP
Quantum of Subsidy (Upgradation of Existing Units)
Note :
- Upgradation for Manufacturing Sector is Rs. 1.00 Cr. (Max. Subsidy Rs. 15 Lakhs
- Upgradation for Service Sector is Rs. 25 Lakhs (Max. Subsidy Rs. 3.75 Lakhs
Eligibility Conditions of Applicant’s
- Any individual, above 18 years of age.
- Beneficiaries should possess at least 8th Standard pass Educational Qualification.
- Only one Person from one Family is Eligible (Self and Spouse)
Main Criteria of Projects
- Should fall under Rural Area (For Rural Project Subsidy)
- Per Capita Fixed Investment does not exceeds Rs. 3 Lakhs.
- Should meet the Criteria of Own Fund Contribution (10% / 5%)
- Not Covered in Negative List
- New Units
- EDP Training Required
Bank Funding
- The project costing up to Rs.10.00 lakhs under PMEGP loans are free from collateral security.
- The CGTMSE provided collateral guarantee for the project upto Rs. 2.00 Crore.
- Subsidy lock-in period is 3 years, after this Subsidy Amount will be adjusted from Bank Loan.
Negative List
- Business connected with Meat.
- Activity prohibited by Local Govt.
- Polythene / Carry bags.
- Cultivation of Crops.
- Animal Husbandry.
- Farming Activities.
Documents Required
- Aadhaar Card
- Pan Card
- GST Certificate
- Photo
- Caste Certificate
- Special Category Certificate
- Rural Area Certificate
- Project Report
- EDP/Skill Development Training Certificate
KIP : PMEGP Special Services
- MSME Registration
- GST Registration
- Project Report
- PMEGP Documentation
- Submission of Application
- Consultancy & Support for Banking
- Subsidy Processing
- Other Eligible Subsidy if any
- Subsidy Updates
- New Business Opportunity
- GST Return Filing Services
- Income-Tax Return Filing Services
For, more information on this you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and contact Number- +918683898080
KIP Financial Consultancy Pvt. Ltd.
DSB – 38, Red Square Market, Hisar – 125001 (HR)
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