PMEGP Loan Scheme 2022: (Registration) Apply Online | Application Form

Silent Factors of PMEGP 2022

• PMEGP will ensure employment generation in Rural and urban areas.
• Prime Minister Employment Generation Program will also boost self-employment opportunities.
• PMEGP is a central sector scheme administered by the Ministry of Micro, Small, and Medium Enterprises.
• The Benefits of the Scheme are available only to new units to be established.

Eligibility for PM Employment Generation Program

• Individuals above 18 years of age
• VIII Std. pass required for the project above Rs.10.00 lakhs in manufacturing and above Rs. 5.00 lakhs for Service Sector
• Self-Help Groups and Charitable Trusts
• Institutions registered under Societies Registration Act- 1860
• Production-based Co-operative Societies

Cost of Project under PMEGP Program

• The maximum cost of the project/unit admissible in the manufacturing sector is ₹ 25 lakhs
• The maximum cost of the project/unit admissible in the business/service sector is ₹ 10 lakhs.
• The minimum cost of the project/unit admissible in the manufacturing sector is ₹ 10 lakhs
• The minimum cost of the project/unit admissible in the business/service sector is ₹ 5  lakhs.

Document Required

• Aadhaar Card
• Address Proof
• Caste Certificate.
• Special Category Certificate
• Project Report
• EDP/Education/Skill Training certificate
• Rural Area Certificate
• Registration Certificate
• Infrastructure Details
• Bank Account Details
• Brief Details of your Project

Benefits of the PMEGP Scheme

• This scheme will provide more options for self-employment.
• The loans under the Scheme are provided at subsidized interest rates.
• Banks will sanction 90% of project cost for General category candidates and in the case of Special Category Candidates, the bank will allow 95%.

Interest Rates And Repayment Schedule Under PMEGP

• For the sanctioned amount Bank will charge normal rates of interest.
• The repayment under the PMEGP may range between 3 to 7 years.
• Bank will finance Capital Expenditure in the form of term loans and working capital
• The Amount will be transferred to the Bank account of the Beneficiary

Financial Institutions

• 27 public sector banks
• All Regional Rural banks
• Co-operative banks
• Private sector scheduled commercial banks
• Small industries Development Banks

PMEGP e-Portal Online Application Form (Registration)

• The entrepreneurs who wish to apply for PMEGP Firstly have to visit the official website.
• Now at PMEGP e-Portal, you will get two options first Online Application form for Individuals and the second Online Application Form for Non-Individual.

Online Application Form for Individual

• If you want to run your business individually then you have to register as an individual person
• First of all click on the “Online Application form for Individual” Option.
• Now when you click on this option a new tab will open with Application Form.
• Under this PMEGP Application form for individuals you have to mention all the required details such as Aadhaar No, Name of the Applicant, sponsoring agency, Address, Personal Details, Contact Information Bank account details, etc. as shown in the figure.
• After entering all necessary information in the appropriate field Click On the “Save Applicant Data” button to Save the Details.
• Now, After “Save Applicant Data”, you need to upload documents for the final submission of the application.
• After the Final Submission of the Application, the Applicant ID and password will be sent to your registered Mobile No.

Application Form For Non-Individual

• Under this section, you will get the PMGEP Application Form of Non-Individual Persons.
• When you click on the “Online Application form for Non-Individual” Option then there will new tab will open with four new options such as Self Help Groups (SHGs), Trust, Registered Institutions, and  Co-operative Society.
• Now click on the appropriate options as per your requirement and fill out the application form
• Now, After “Save Applicant Data”, you need to upload documents for the final submission of the application.
• After the Final Submission of the Application, the Applicant ID and password will be sent to your registered Mobile No.

PMEGP Scheme Login

• After successful submission of the Prime Minister Employment Generation Program Application Form, you will get the Applicant ID and password on your registered Mobile Number or Email ID.
• Now click on the PMEGP Login Section and enter your applicant ID and Password.
• Now click on the Login option.

The government wants to provide more employment opportunities in rural and urban areas. Central Government wants to empower the youth of the nation by providing them a number of golden opportunities for starting their own startups.  PMEGP Scheme is one of these startup opportunities which will help entrepreneurs for starting their own businesses.

Under this Scheme, Government provides loans up to 90% of the Project cost. These loans are sanctioned by nationalized banks. These loans are provided by banks in the form of term loans and working capital at the subsidized interest rates prescribed by the Central Government

For successful implementation of the PM Employment Generation Program, At the National Level Khadi and Village Industries Commission (KVIC) works as a nodal agency and at the state level State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) works as a nodal agency.

PMEGP Prime Minister Employment Generation Program has been started by the Ministry of Micro, Small, and Medium Industry (MSMEs) in the year of 2008. Under the PMEGP Nationalized Banks Provide term loans and working capital to entrepreneurs for starting new projects. The Central Government of India has started Prime Minister Employment Generation Program by merging two existing Schemes i.e. Prime Minister Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP).

What is PMEGP?  Given the term scheme and help group for the rural and urban residents, Prime Minister’s Employment Generation Programme (PMEGP) is an official social scheme that was established by the Indian government to help in solving unemployment cases among average and low-class citizens by setting up new microfinance groups. The scheme runs under the great KVIC Khadi & Village Industries Board and District Industries Centre. 

PMEGP is the abbreviation for prime minister Employment generation program. In the recent past, the ministry of micro, small and medium enterprises implemented this central government welfare scheme. The Central government officials have fixed the loans ranging from rupees 10 to rupees 25 lakh for unemployed people of the country so that they can start their own employment shortly. As we all know that, the khadi and village industries commission (KVIC), implemented this prime minister's Employment generation program scheme as the nodal agency at the national level.

Under the scheme, KVIC routed the Government subsidy via the identified banks. The beneficiaries will get the amount from their bank accounts. The concerned officials distribute the amount eventually to the beneficiary's bank account. The prime Minister's Employment generation program is also known as a subsidiary program that was implemented in 2008. It was under two earlier schemes Prime Minister Rozgar Yojana and the Rural Employment generation program. The project approval has been increasing 44% during the first five months of the financial year 2020-21 under the prime Minister Employment generation program.

All candidates wishing to apply online then download the official notification carefully. As an applicant, you need to read all eligibility criteria and the application process respectively. We have shared brief information about the Prime Minister Employment generation program 2020 such as key benefits, eligibility criteria, key features, application status, and application processes.

A collective number of India’s social benefits schemes have come up to cater to Indian citizens’ needs, it’s believed each citizen is different and capable in their own way, and some need a little push from the schemes to make it. Each day new schemes come and the Indian government through the Ministry of MSME (microfinance) they have opened the most popular and supportive scheme in the country.

Applicants should follow up about the application in order to know their progress and whether they have qualified. The government has introduced a digital way of checking the status. The process is transparent to avoid cases of corruption; the portal also helps in easing the work for the government since applicants don’t visit the PMEGP offices anymore.

PMEGP Scheme 2022 has been started by the Central Government to provide employment opportunities to the unemployed citizens of our country. Under this scheme, unemployed citizens of our country will be given loans ranging from Rs 10 to Rs 25 lakh to start their own employment. Citizens of both urban and rural districts can take advantage of PMEGP Scheme 2021. Under this scheme, loans will be provided to maximum citizens by the central government. So today, under this article, we are going to tell you all the information related to the PMEGP scheme like what is the PMEGP scheme application process, what are its important documents, what is the eligibility of this scheme, etc.

 Under the PMEGP Scheme 2022, the citizens of our country who want to take a loan from the central government to start their employment will have to get registered under this scheme. You can take advantage of this scheme only after registering. The age of the citizen registering under the PMEGP Scheme 2022 should be more than 18 years. And you can start your own employment. Any institution registered under the Societies Registration Act, 1860 can be considered eligible for assistance under PMEGP. If a citizen gets a loan under this scheme, then a subsidy will be given on the loan amount based on your category.

As we all know unemployment problem is quite common in our country in urban and rural districts. Keeping all these things in mind, this scheme has been started by the Central Government. The main objective of the PMEGP Loan Scheme 2022 is to provide employment opportunities to unemployed people in urban and rural districts. Under this scheme, interest will be given to all those unemployed people who want to start their employment. Under PMEGP Yojana 2022, the unemployment rate will decrease and the beneficiaries of the country will become strong and self-reliant

Summary: Prime Minister’s Employment Generation Programme (PMEGP) is implemented by the Ministry of Micro, Small and Medium Enterprises (MSME) and is a central sector scheme. Under this scheme, loans range from Rs. 10 to Rs. 25 lakh for unemployed youth of the country to start their own employment.

The scheme is implemented by Khadi and Village Industries Commission (KVIC) 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) and District Industries Centres (DICs) and banks.

The Government subsidy under the scheme is routed by KVIC through the identified Banks for eventual distribution to the beneficiaries/entrepreneurs into their bank accounts.

All Applicants who are willing to apply online application then download the official notification and read all eligibility criteria and application process carefully. We will provide short information about “Prime Minister Employment Generation Programme 2022” like Scheme benefits, Eligibility Criteria, Key Features of the Scheme, Application Status, Application process and more.

The Modi government’s flagship Prime Minister’s Employment Generation Programme (PMEGP) has disbursed 83 per cent of the applications for margin money claims so far in the current financial year to set up new micro-enterprises across the country, as per the government data available.

The State/Divisional Directors of KVIC in consultation with KVIB and Director of Industries of respective states (for DICs) will give advertisements locally through print & electronic media inviting applications along with project proposals from prospective beneficiaries desirous of establishing the enterprise/ starting of service units under PMEGP. The beneficiaries can also submit their application online and take the printout of the application and submit the same to their respective offices along with the Detailed Project Report and other required documents.