PMEGP Scheme:- To provide employment opportunities to around 15 lakh people, the central government has launched the Prime Minister Employment Generation Programme 2024. Under this scheme, the government will also provide loan facilities to the people so that they would be able to start their businesses. So through this article today we will share with you all the important information related to PMEGP Scheme 2024 such as the objective of the scheme, the features of the scheme, the benefits of the scheme, the eligibility criteria, and the important documents. also, we will share with you all the application procedures to apply under this scheme.
About PMEGP Scheme
The scheme has been launched by the central government to provide various employment opportunities to around 15 lakh unemployed youth of the country with an outlay of Rs. 5,500 crores. Along with that people can also apply for the up-gradation in the expansion of existing PMEGP/ REGP/ MUDRA units. A loan of up to rupees 1 crore will be given to each beneficiary with a subsidy of around 15 to 20% so that they can start their own business. All the applicants who are willing to apply under the Prime Minister Employment Generation Programme will have to visit the official website of PMEGP.
Objective Of PMEGP Scheme
As we all know there is an unemployed youth who due to their weak financial condition are not able to start up their work. And this creates a lot of problems in their life. By keeping this in mind the central government of India has launched the PMEGP Scheme. Under this scheme, the loan will be provided to the unemployed youth of the country so that they will be able to start up their work. The main aim of this scheme is to generate various employment opportunities in rural as well as urban areas. So that they would be able to earn wages and contribute to the growth of urban and rural areas
Details Of the PM Employment Generation Programme
| Name of the scheme | PMEGP Scheme 2024 |
| Launched by | The central government |
| Beneficiaries | The unemployed youth of the country |
| Objective | Will provide loan for employment |
| Benefit | Will provide welfare schemes for the population |
| Loan amount | Rs. 1 crore |
| Subsidy rate | 15% to 20% |
| Budget | Rs. 5,500 crore |
| Mode of Application | Online |
PM Employment Generation Programme Implementation
The implementation of the Pradhan Mantri Employment Generation Programme will be done by the Khadi and Village Industries Commission which will function as the nodal agency at the national level. At the state level, the scheme will be implemented by the channel of state KVIC directorates state khadi and village Industries board district Industries centre and Bank. These nodal agencies will work for the unemployed youth of the country to increase employment opportunities among them and to reduce the rate of unemployment.
Also Read: Pradhan Mantri Rojgar Yojana
Kind Of Industries Under PMEGP
The kinds of industries which are going to be set up under the Prime Minister Employment Generation Programme to provide employment opportunities are given below
- Forest-based industry
- Mineral based industry
- Agriculture based industry
- Food Industry
- Chemical based industry
- Textile industry
- Service industry
- Non-conventional energy
- Engineering
Parameters Of PMEGP Scheme
The central government has fixed the target to work for the parameters given below
- To extend the backwardness of the state
- To reduce unemployment and fulfil of previous target year
- The population of the State Union territory
- Availability of raw material
- Availability of traditional skills
- To grab the inclusive growth
Also Read: Garib Kalyan Rojgar Yojana
Improvements Of the PM Employment Generation Programme
The following improvements of the PM Employment Generation Programme Scheme are given below
- To provide a second loan amount of rupees 1 crore for the better performing of the scheme with a subsidy of 15 to 20%
- For concurrent monitoring and evaluation introduction
- Compulsory Aadhaar and PAN card
- The Geo-tagging of the PMEGP unit
- To increase working capital components for manufacturing unit
Subsidy Amount Under PMEGP Scheme
| Category | Subsidy for urban area | Subsidy for rural area | Own contribution |
| General category | 15% of the total cost | 25% of the total cost | 10% of the total cost |
| special category that is SC ST OBC minority women handicapped AC service men etc | 25% of the total cost | 35% of the total cost | 5% of the total cost |
Also Read: Atmanirbhar Bharat Yojana 3.0
Benefits And Features Of the Employment Generation Programme
- The Employment Generation Programme has been launched by the central government for the unemployed youth of the country
- Under this scheme, various employment opportunities will be provided to the unemployed youth
- The minimum cost of the project under the manufacturing sector is 25 lakh and under the business, the sector is 10 lakh
- The per capita investment should not exceed Rs. 1 lakh in plain areas and Rs. 1.50 in hilly areas.
- The beneficiaries of the general category can avail of the benefit of money with a subsidy of 25% in rural areas and 15% in urban areas.
- PMEGP Scheme will help to improve the living standard of the unemployed youth of the country
- There will be a reduction in the unemployment rate of the country.
- The financial assistance will be given to the people of the country to start up their own small business
- This will create employment opportunities in the country.
Eligibility Criteria
- An applicant must be a resident of India
- He or she must be above the age of 18 years
- An applicant who has passed the 8th standard can apply for this scheme.
- The institution that is registered under the Society Registration Act 1860 production cooperative society and charitable trust are applicable under this scheme
- All self-help groups include below the poverty line people who can avail of the benefits under this scheme.
Required Documents
- Aadhar card
- PAN card
- Educational certificate
- Caste certificate
- Residence proof
- Passport size photograph
- Mobile number
Process To Apply Under PMEGP Scheme
All the interested applicants who want to apply under the PMEGP Scheme will have to follow the procedure given below
- First of all, you have to visit the Official Website of the Khadi and Village Industries Commission
- The home page will appear in front of you.
- On the home page click on the option of PMEGP
- A new web page will be displayed in front of you
- Here, click on PMEGP Portal
- The portal will appear in front of you.
- Now click on the option To Apply Online.
- The application form will appear in front of you.
- Here you have to fill in all the details such as Personal Details and Previous Sanctioned Details
- After entering all the details, Submit all your important documents.
- After attaching the documents click on the Final Submit option.
- Through this, you can easily apply for PMEGP Scheme
Process To Do Login
- Go to the Official Website of the PMEGP portal
- The home page will appear in front of you.
- On the homepage, click on the option of Login Form For Registered Applicant
- A new web page will appear in front of you.
- Here you have to fill in the details such as User ID and Password.
- After entering the details click on the Login option
- Through this, you can easily log in to the portal.
To Submit Feedback
- Go to the Official Website
- The home page will appear in front of you.
- On the home page click on the option of Feedback Form For Applicant
- A new web page will be displayed in front of you.
- Here you have to do Login using your login credentials
- The feedback form will appear in front of you
- Here enter all the details asked in the form
- After entering the details click on the Submit option.
Contact List
- Go to the Official Website of the Prime Minister Employment Generation Programme
- The home page will appear in front of you
- On the homepage, click on the option of Contact List
- A new web page will appear in front of you.
- Here you have to enter details such as Agency, State, or Address
- After entering the details click on the Search option.
- The related contact list will appear in front of you