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Central Scheme15% – 35% Subsidy
Last Verified: 22 Aug 2026

PMEGP (Prime Minister Employment Generation Programme)

Credit-linked margin money subsidy 15%–35% on projects up to ₹50L (mfg) / ₹20L (service).

Authority:Ministry of MSME & KVIC
Official CircularApply on Official Portal

Overview & Objectives

PMEGP is a major credit-linked capital subsidy scheme implemented by KVIC. Subsidies range from 15% to 35% of total project cost (urban general 15%, rural general 25%, urban special 25%, rural special 35%). Project cost ceilings are ₹50 Lakh for manufacturing and ₹20 Lakh for service/business units.

Financial Benefit Structure

15% – 35% Subsidy (Cap: ₹17.5 Lakh)
15%–35% margin money subsidy. Max subsidy ₹17.5L (mfg) / ₹7L (service). 2nd upgrade loan up to ₹1 Cr.

Eligibility Criteria

Individuals aged 18+ for new greenfield projects. VIII pass mandatory for projects above ₹10L (mfg) or ₹5L (service). General category equity: 10%; Special category equity: 5%.

Eligible Sectors:
ManufacturingServicesFood ProcessingTraditional Crafts

Required Documents Checklist

  • Aadhaar Card & PAN Card
  • Detailed Project Report (DPR) with financial viability
  • Educational Qualification Certificate (8th pass or higher)
  • Special Category Certificate (SC/ST/OBC/PH/Ex-Serviceman) if applicable
  • Rural Area Certificate from local authority (for rural units)
  • EDP Training completion certificate (post-sanction)

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