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Updated upto 09.11.


Banking @ Your Convenience

Prime Minister’s Employment Generation Programme (PMEGP)

ELEGIBILITY : Individuals/ SHGs/ Production Cooperative Societies, Charitable Trust,

& other institutions, desiring for setting up of NEW projects. Individual beneficiary
should possess at least VIII standard pass qualification for projects costing above Rs.
10 lac in manufacturing sector and costing above Rs. 5 lac in business sector.

PURPOSE : To generate employment opportunities through setting up of new self-

employment ventures/projects/micro enterprises. To bring together widely dispersed
traditional artisans/ rural and urban unemployed youth and give them self-employment
opportunities to the extent possible, at their place. To provide continuous and
sustainable employment to a large segment of traditional and prospective artisans and
rural and urban unemployed youth in the country, so as to help arrest migration of rural
youth to urban areas. And To increase the wage earning capacity of artisans and
contribute to increase in the growth rate of rural and urban employment.

QUANTUM : Term loan or cash credit or composite loan - 90% of project cost in case
of general category of beneficiary/ institution and 95% in case of special categories of
beneficiaries/ institutions. The maximum cost of the project/ unit admissible under
manufacturing sector is Rs. 25 lakh and under business/service sector is Rs. 10 lakh for
setting up new unit. The maximum cost of the project/ unit admissible under
manufacturing sector is Rs. 100 lakh and under business/service sector is Rs. 25 lakh
for up gradation.

MARGIN : 10% from general category beneficiaries and 5% from special category
beneficiaries for setting up new unit & 10 % for all categories in case of up gradation.

REPAYMENT : Term loan Repayment in 3 to 7 years after initial moratorium.

OTHERS : No interest is to be paid on Subsidy claimed online from KVIC and no

interest to be charged on corresponding loan amount. Subsidy amount to be kept in
separate account . 100% physical verification of units is compulsory in respect of the
units within 24 months of establishment of the units by outsource national/state level
agency. Trading activities also allowed with certain condition for max project cost of Rs
10 lakh in certain areas.

PNB SARANSH Website: pnbindia.in Toll free No: 1800-180-2222