Project Report PMEGP (Prime Minister’s Employment Generation Programme)
Project Report PMEGP (Prime Minister’s Employment Generation Programme)
The scheme is initiated by the government of India.it has been approved by the introduction of a new credit-linked subsidy programme called project report prime minister's employment generation programme (PMEGP) by merging the two schemes Prime Minister's Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) for generation of employment opportunities through establishment of micro-enterprises in rural as well as urban areas.
How gets the loan?
PMEGP will be a central sector scheme to be administered by the Ministry of Micro, Small, and Medium Enterprises (MoMSME). The Scheme will be implemented by the Khadi and Village Industries Commission (KVIC).
At the State level, the Scheme will be 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 will be routed by KVIC through the identified Banks for eventual distribution to the beneficiaries/ entrepreneurs in their Bank accounts.
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 what is project report proposals from prospective beneficiaries desirous of establishing the enterprise/ starting of service units under PMEGP.
Who can apply?
Must be 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 lakhs in the business/service sector.
Only new projects are considered for sanction under PMEGP. Self Help Groups (including those belonging to BPL if they have not availed benefits under any other Scheme), Institutions registered under Societies Registration Act,1860; Production Co-operative Societies, and Charitable Trusts are also eligible.
