💼 Jobs, business & workers · Ministry of MSME, through KVIC
Prime Minister's Employment Generation Programme (PMEGP)
Subsidy on bank loans to set up a new small business or unit.
What you get
15–35% of the project cost as a government subsidy
🔗 Direct official links
These open the government website in a new tab. Applying there is free; never pay anyone for a form.
✅ Benefits
- Margin money subsidy: 15% (urban) / 25% (rural) for general category; 25% (urban) / 35% (rural) for special categories such as SC/ST, OBC, women, minorities, ex-servicemen and persons with disabilities.
- Projects up to ₹50 lakh in manufacturing and ₹20 lakh in services.
- You put in 5–10% of the project cost; the bank lends the rest.
👤 Who can apply
- Age 18 or above.
- Class 8 pass for projects above ₹10 lakh (manufacturing) or ₹5 lakh (services).
- Only new projects; existing units and those who already got a government subsidy are not eligible.
📄 Documents needed
- Aadhaar and PAN
- Project report
- Education certificate
- Caste / special category certificate, if applicable
📝 How to apply
- Apply online on the PMEGP e-portal (kviconline.gov.in).
- The application is forwarded to a bank after a district-level check.
- Complete the short entrepreneurship training (EDP) before the loan is released.
Benefits in detail
- Margin money subsidy: 15% (urban) / 25% (rural) for general category; 25% (urban) / 35% (rural) for special categories such as SC/ST, OBC, women, minorities, ex-servicemen and persons with disabilities.
- Projects up to ₹50 lakh in manufacturing and ₹20 lakh in services.
- You put in 5–10% of the project cost; the bank lends the rest.
Who can apply
- Age 18 or above.
- Class 8 pass for projects above ₹10 lakh (manufacturing) or ₹5 lakh (services).
- Only new projects; existing units and those who already got a government subsidy are not eligible.
Documents needed
- Aadhaar and PAN
- Project report
- Education certificate
- Caste / special category certificate, if applicable
- Rural area certificate, if applicable
How to apply, step by step
- Apply online on the PMEGP e-portal (kviconline.gov.in).
- The application is forwarded to a bank after a district-level check.
- Complete the short entrepreneurship training (EDP) before the loan is released.
- The subsidy is kept with the bank and adjusted after the unit runs for 3 years.
Last checked against the official website: 26 Sept 2026
Amounts and rules can change. The official website is always final. YojanaHelper is an independent guide, not a government website.
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