Pradhan Mantri Employment Generation Programme (PMEGP)

Sr. No. Parameters PMEGP
1 Name of Scheme Prime Minister’s Employment Generation Programme (PMEGP) by merging REGP & PMRY
2 Year of commencement 01.04.2008
3 Objectives To generate employment opportunities in rural and urban areas. To  bring  together  widely  dispersed  traditional  artisans  /  rural  and  urban unemployed youth To provide continuous and sustainable employment To increase the wage earning capacity of artisans and contribute to increase in the growth rate of rural and urban employment.
4 Area of operation Rural and Urban area
5 Agency KVIC Nodal agency
KVIC & KVIB in rural areas
DICs in rural and urban area
6 Age Group Any individual above 18 years  (only one person per family).  The family includes self and spouse.
7 Income No income ceiling
8 Education Minimum VIII Standard pass for project cost above Rs.10 lakhs under MFG. Sector and above Rs.5 lakhs under Service Sector Two week EDP Training is mandatory.
9 Subsidy Categories of beneficiaries under Owner’s contribution Rate of Subsidy (of cost of project)
Area Urban Rural
General 10% 15% 25%
Special* 0.50% 25% 35%
* (including SC/STs/OBCs/Minorities/Women, Ex-servicement/ph. Handicapped, NER, Hill and Border Areas)
10 Maximum Loan amount Rs. 25 lakh  for manufacturing sector
Rs. 10 lakh for service sector.
11 Sub-target KVIC and DIC in the ratio of 60:40 DIC 50% in rural areas
12 Margin 10% for general and others 5%
13 Repayment 3 to 7 years. Moratorium fixed / prescribed by Banks / financial institutions
14 Remarks 1. Agro & Food processing industry, forest based industry, handmade paper / fibre, mineral based industry, polymer and chemical based industry, rural engineering and bio-technology, service industry including textiles
Industry connected with meat, intoxicant items like bidi, pan, etc. Dhaba servingliquor, preparation / producing tobacco as raw materials, tapping of toddy for sale, connected  with  cultivation  of  crops  /  plantation,  harvest  machines,  mfg.  Of polythene carry bags less 20 microns thickness, mfg. of carry bags or container

For More Details Click here