PMEGP Scheme Guidelines & Application Form PDF

The Prime Minister’s Employment Generation Programme (PMEGP) is a great opportunity for anyone looking to start their own business. This new credit-linked subsidy scheme, approved by the Government of India, aims to create large employment opportunities by supporting the setup of micro-enterprises in both rural and urban areas. By merging two earlier schemes— the Prime Minister’s Rojgar Yojana (PMRY) and the Rural Employment Generation Programme (REGP)—the PMEGP focuses on generating jobs and empowering local entrepreneurs. Managed by the Ministry of Micro, Small and Medium Enterprises (MoMSME), this scheme plays a vital role in boosting the Indian economy. ⭐

Objectives of PMEGP

The main goals of the PMEGP are:

1. To create self-employment opportunities in rural and urban areas through new ventures and micro-enterprises.
2. To help traditional artisans and unemployed youth access job opportunities right where they live.
3. To provide long-term and sustainable employment options, keeping young people in rural areas from moving to cities.
4. To improve the earnings of artisans, which helps in the growth of both rural and urban employment.

Eligibility Conditions for Beneficiaries

To become a beneficiary under the PMEGP scheme, you must meet these conditions:

• Any individual who is at least 18 years old can apply.
• There is no income limit for getting assistance under PMEGP.
• For projects costing more than Rs. 10 lakh in manufacturing and over Rs. 5 lakh in business or services, beneficiaries need to have passed at least the VIII standard.
• Assistance is provided only for new projects approved under PMEGP.
• Self Help Groups, including those below the poverty line (BPL) who haven’t benefited from any other schemes, can also apply for help under PMEGP.
• Institutions registered under the Societies Registration Act, 1860, production cooperative societies, and charitable trusts can also apply.
• However, existing units already receiving benefits from PMRY, REGP, or any other government schemes cannot apply for this new support.

For more information, you can download the PMEGP Scheme PDF which includes detailed guidelines and the application form.

Take this opportunity to support your entrepreneurial dreams with the PMEGP initiative. Don’t forget to download the PDF now!