Prime Minister's Employment Generation Programme

What it is

Generate sustainable employment through new self-employment ventures and micro enterprises.

Application window

PMEGP was approved for the 15th Finance Commission cycle (2021-22 to 2025-26). Renewal for 2026-27 is awaited; terms shown are the last approved ones.

What you get

• Margin-money subsidy for eligible new micro enterprise

Who it is for

• individual beneficiary must be above 18 years
• only new projects sanctioned specifically under PMEGP
• no income ceiling is stated for new projects
• education threshold of at least VIII standard applies where manufacturing project cost exceeds INR 10 lakh or business/service project cost exceeds INR 5 lakh

Not eligible if

• existing units under PMRY, REGP or other government schemes
• units that already availed government subsidy under another government scheme

How to apply

1. 1
   Confirm beneficiary and project eligibility

   Check age, new-project status, project-cost ceiling, category, location, family rule and any education threshold that applies to the project type.

   Official step
2. 2
   Prepare the project and finance pack

   Prepare the project report, beneficiary contribution evidence, capital-expenditure details, declarations and supporting documents needed for bank appraisal.

   Official step
3. 3
   Apply through PMEGP and complete lender processing

   Submit through the current official PMEGP portal and follow the implementing-agency and bank process through sanction, disbursement and margin-money adjustment.

   Official step

Keep ready