Prime Minister’s Employment Generation Programme

Prime Minister’s Employment Generation Program (PMEGP) is the self employment scheme of the Central Government. Under PMEGP, Rs 25 lakh on setting up the industry and Rs 10 lakh for the service sector. If you also take loan under PMEGP and you are a nominal applicant, then you get 15% subsidy on loan amount and up to 25% reservation for reserved caste recipients. If you employ industries in rural areas, then this subsidy amount increases to 25 and 35 percent.

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The Central Government wants to promote self employment among the youth through this scheme. Its purpose is that people can start small businesses in rural, town, or urban areas where on one side they can make a tool for their livelihood, but at the same time they can create a tool for their livelihood by putting two to four people on the job.

Who can get loan in PMEGP?

Subsidy Entitlement & Bank Finance

Subsidy from KVIC and the bank finance depends on the cost of project as per details given below.

 Bank financeSubsidy from KVIC(Urban)Subsidy from KVIC(Rural)Promoter’s contribution
General Category beneficiary/institution90%15%25%10%
Special category beneficiary/institution95%25%35%5%

How BCC Pvt. Ltd. Is Different

At BCC Pvt. Ltd. you can get the help and support for Prime Minister’s Employment Generation Programme (PMEGP). Though many other loans are also there, but for business loan we have experts who have extensive knowledge of the loan application procedure and can help the customers in taking the right decision to satisfy the financial requirement. Either you want to buy any new asset or machinery or want to buy new furniture for your office or want to increase your reach ability by increasing your presence, for every type of requirement; our expert consultants can help you. So do not wait and contact us now for further assistance.

Do You Need Help?

Contact us : +91-7361088884 or Email us : director.bcc111@gmail.com