PMEGP Loan Details

As we know, PMEGP Loan stands for Prime Minister Employment Generation Program Loan. This loan will provide a credit linked subsidy loan, which is a matter of great happiness for the new businessmen. Our Indian government started this scheme on 11th March 2016. Here we’ll discuss PMEGP Loan Details.

Our government has launched the Prime Minister Employment Generation Program for newcomers in business. PMEGP is a credit link subsidy program. The Ministry of Micro, Small and Medium Enterprises has been launched under the PMEGP Scheme. This scheme is merge of the Prime Minister’s Employment Plan and Rural Employment Generation Program. PMEGP Loan Details are mentioned in this blog.

For the Prime Minister Employment Generation Program, Khadi and Rural Industry Commission is the nodal agency at the national level. At the state level, you can do the implementation of this scheme by KVIC, KVIB and District Industry Center.

PMEGP Loan Details

• Under this scheme, government will provide a financial assistance to start new business and manufacturing business.
• Government will provide 25 lakhs for manufacturing business and a loan of 10 lakh rupees for other.
• Out of which, For general category 15 percent of urban expansion and 25 percent subsidy in rural expanses. For other categories 25 percent of the urban expansion and 35 percent of rural expansion will get subsidy.

Goals Of PMEGP Loan Details

• The main motive of this scheme is to establish new manufacturing and other business in urban area and to create new employment opportunities.
• Traditional craftsmen, who are in rural and urban areas, provide as much self employment as possible.
• The goal of this scheme is the growth in employment in rural and urban areas.

Eligibility Criteria For PMEGP Loan

• The age of applicant should be more than 18 years.
• The applicant must pass 8th standard.
• Under this scheme, the manufacturing sector is eligible for a loan of up to Rs 25 lakh and it is eligible for loan up to Rs 10 lakh for the other business area.
• Under this scheme, New business manufacturing sector can apply for loans.
• If the merchant sector is gaining the benefit of any other scheme, then it will not get the benefit of this scheme.

• BPL card holder is also eligible to avail the benefit under this scheme.

Interest Rate & Repayment

• MSE sector will determine the Interest Rate of PMEGP Loan.
• In this schme, you can repay the loan from 3 years to 7 years.

Required Document To Apply For PMEGP Loan

The are following documents required to apply for PMEGP Loan-

1. Adhar Card
2. Passport size photo
3. EDP Training certificate
4. Highest educational certificate

How To Apply Online For PMEGP Loan Application

• Interested candidate can visit the official website of PMEGP (prime ministers employment generation program) www.kviconline.gov.in/pmegp/
• Click the option PMEGP 2018 online application form registration it will open in to a new browser.
• Now you can see online application form submission. Just click on the link it will be opened in a new browser.
• Then it will show preference for sponsoring agency and office in that preference option you can select your state, district and agency.
• There after selecting the agency you will be able to select legal type, prefix.
• After that you can enter your name, Aadhaar card number, date of birth, Age, Gender, Father Name, and your address.
• After filling all there above mentioned details in the application form then you have to enter the proposed location of PMEGP 2017 – 2018 unit your bank details, qualification, social category and all the other details required need to be filled.
• Then finally after filling the application you can click on the submit application button then your application form will be taken a step forward and the further process will begin.
• Before submitting the pmegp 2018 online application form make sure that there are no mistakes in the application form and all the details are very correct and you have submitted all the necessary documents required.

Information for the form under PMEGP Loan

For Individual Application

• Aadhar card number as well as Pan Number
• Sponsoring agency (KVIC, KVIB and DIC) State, District, Taluka, etc.
• Gender
• Educational Qualification and also Social Category
• Address
• Mobile Number as well as Emai- id
• Bank Branch’s IFSC Code

For Non-Individual

• Adahar Number as well as Pan number
• Mobile Number as well as Email- id of Authorised Person
• Office address and also EDP certificate
• Account information of self help group
• Name and also designation of Authorised Person

For trust

• Name as well as Registration number of trust
• Name of authorised person
• Adhar Number and also mobile number of authorised person
• Edp certificate
• Pan card as well as Adhar Card
• Office address of trust
• Mobile Number as well as Email- id

For Registered Institute

• Name and also Tan no of registered institute
• EDP certificate
• Pan card as well as Adhar Card
• Office address of registered institute
• Mobile Number as well as Email- id
• Bank information of registered institute

For Co-operative society

• Co-operative Society Registration Number
• Co-operative Society’s tan no and also EDP certificate
• Pan card as well as Adhar Card
• Mobile Number as well as Email- id
• Bank information of Co-operative Society

For further information visit: http://www.awasyojanajaipur.com