New Enterprise SetupPMEGP
Prime Minister Employment Generation Programme
Ministry of MSME (via KVIC)
Credit-linked subsidy programme for setting up new micro enterprises and generating employment in non-farm sector.
Key Benefits
Manufacturing: Projects up to ₹50 Lakh
Services: Projects up to ₹20 Lakh
General Category: 15% (Urban) / 25% (Rural) margin money subsidy
Special Categories: 25% (Urban) / 35% (Rural) margin money subsidy
Second loan for upgradation: Up to ₹1 Crore (Manufacturing)
Key Features
Own contribution: 10% (General) / 5% (Special)
Special categories: SC/ST/Women/PH/Minorities/Ex-Servicemen/NER/Transgenders
Valid till 2025-26 (15th Finance Commission)
SHGs and cooperative societies also eligible
Eligibility
Individuals 18+ years; 8th pass for manufacturing projects above ₹10 Lakh
Subsidy / Benefit
Up to 35% margin money subsidy (Special Categories, Rural)
Data verified from official government sources