PMEGP Loan 2025: Hello Readers, pay your attention regarding this subsidy scheme launched by the government back in 2008. The scheme is known as the Prime Minister’s Employment Generation Programme or PMEGP. It is basically a subsidy scheme which aims at creating job opportunities by setting up micro-enterprises in both rural and urban areas within the non-farm sector. Basically, it is a merger of two schemes namely the Prime Minister Rojgar Yojana or known as PMRY and the Rural Employment Generation Programme or REGP which were both focused on generating employment for the youth. This scheme is coming under the five-year plan of 2021-22 to 2025-26.
As we know that this PMEGP Program 2025 was an initiative to regulate sustainable employment program by combining the PMRY and REGP scheme by allocating funds of ₹13,554.42 Crore which has been approved for PMEGP over five financial years that is from the year 2021-22 to 2025-26 to support the implementation of around 4,00,000 projects. It has its unique objective of creating 30,00,000 jobs from its regulation. The goal is to upgrade total of 1,000 units in each financial year. Under this scheme the beneficiaries have to invest only 5-10% of the total project cost, while the government offers a subsidy ranging from 15-35% based on various criteria. The remaining funds are provided by participating banks as term loans to the entrepreneurs. We will explore this in more detail in the following section.
Objectives of the PMEGP Loan 2025
This PMEGP 2025 for New Entrepreneurs is designed for the unemployed persons which is focusing at creating job opportunities in both rural and urban regions of the country by providing new self-employment projects or micro enterprises. The goal is to give the opportunity to the unemployed artisans or who are there remained as unemployed youth from rural and urban areas by assisting them with self-employment chances as much as possible. For employment the youth of rural areas normally prefer to go to another cities, so to reduce this, PMEGP Program 2025 has developed job opportunities.
PMEGP Scheme Benefits and Eligibility
There are two set of units for which different set of eligibility requirement is needed for pmegp loan apply online 2025. There are some common eligibilities on the ground of age, that is the applicant has to be 18 years of old. There is no such limit in the income threshold for the applicant who wants to start a new project under this pmegp loan 2025 scheme.
If someone is setting new enterprise then the applicant has to pass at least 8th standard and wants to apply for the project costing more than Rs.10 lakh in the Manufacturing sector or more than ₹ 5,00,000 in the Business/Service sector. There are some exceptions like if that applicant has already been favoured by any under other schemes and have received subsidy are not eligible. To upgrade the existing business being funded under any other govt. scheme, the beneficiary has to adjust the claimed fund after the 3-year lock-in period.
2 Lakh Rupees Loan Without Guarantor
Rajiv Yuva Vikas Yojana 2025: Get Up to ₹4 Lakh Subsidy Loan
The first loan under PMEGP/REGP/MUDRA has to be paid back on time. The business set up should be a profitable one and can prove the future growth by adopting new updated technology. One member only from the whole family can get the loan under PMEGP and the word ‘family’ indicates to the individual and their spouse.
Documentation Needed for Fill PMEGP Form 2025 Online
When someone wants to apply for a PMEGP loan, they need to submit the following documents like the application form sticked with passport-sized photos of the applicant, a complete project report or a business plan, identity proof, address proof, their PAN card, Aadhaar card along with the pass certificate of class VIII and a special category certificate if applicable. Also, they need to provide their eligibility certificate of EDP training, caste certificate if any they have or any other academic certificates if they are having along with any other documents requested by the bank or NBFC.
PMEGP Online Application 2025
PMEGP Loan 2025 Online mode:
The Application Process can be done by the applicants both Online and Offline. There are two ways of application that is online mode of PMEGP Loan application and offline mode of application. If someone is applying for a new unit then they need to first visit the official website that ishttps://www.kviconline.gov.in. After that they should click on the application for new unit section and should click on apply button then.
After that they have to provide all the necessary asked documents and go for further submission. If someone is applying to upgrade their existing business, then they have to follow the same by visiting the official website and have to apply under “application for the existing units” section. Then after clicking the tab, they have to click on the application form and have to fill it and complete it. They have to upload the required documents and proceed for final submission.
PMEGP Loan 2025 Offline mode:
The applicants have to download the form then fill it otherwise they have to fill the necessary details in the application form and after completion they have to print it and submit the printed application form to the nearest office. The form should be submitted at the relevant KVIC/KVIB/DIC/Coir Board Officers of the State. After submission of the form, the applicant will receive an Acknowledgement Slip from the appropriate KVIC/KVIB/DIC/Coir Board Office.
Interest Rates on PMEGP Loan
The interest rate and the subsidy vary from bank to bank and it is totally depended up on the applicant’s business model and projected cost of the business.
PMEGP Business Loan 2025 Benefits
If someone is setting a new business unit and they belong to general reservation category then the beneficiary will bear 10% of the project cost and they will get the subsidy of 15% those who are from Urban areas and 25% for those who are living in rural areas. If the applicants are from special categories like from SC/ST/OBC/ Minorities or Women or physically challenged or NER or from hill and border areas then they have to bear 5 % of the project cost and will get the subsidy of 25% in urban areas and 35% in rural arears.
If any applicant is already a beneficiary and wants to apply for the upgradation then he or she has to bear 10% of the project cost and it is applicable to whatever may be the reservation category is. They will get 15% of subsidy in rural and urban areas and 20% in NER and Hilli states.
Exclusions of PMEGP Loan 2025
There is some sort of activities which are not permissible under PMEGP program to start a new business unit such as any business or unit related to meat processing, canning or providing frozen meat-based food items, manufacturing of beedi, pan, cigar etc, business relating to sericulture, horticulture, animal husbandry, tea, coffee cultivation etc, manufacturing of polyethene, plastic bags which can cause harm to the society, processing units of wool and other products which includes weaving and spinning which are coming under the Khadi certification rule, some sort of businesses which are banned by the local govt. will not be permitted.
PMEGP Loan 2025 Application Status
The applicants can check their PMEGP loan status only after visiting the official website of the PMEGP, which is kviconline.gov.in/pmegp. And after that they have to Log in by using the credentials like ID and Password. After logging in the applicants have to go to the ‘view Status” section to see the PMEGP status 2025.
FAQs About PMEGP Loan 2025
What is PMEGP Program 2025?
A central government credit-linked subsidy program called PMEGP (Prime Minister’s Employment Generation Programme) provides loans of up to ₹25 lakh to individuals, self-help groups, and MSMEs in order to help them start new businesses.
Who is eligible for a PMEGP loan?
PMEGP is open to anyone over the age of 18.
How much can a project under PMEGP cost?
Projects in the manufacturing sector can cost up to Rs. 50 lakhs, and in the service industry. 20 lakhs.
How long does it take to get a PMEGP loan?
Generally it takes 30-45 days to process PMEGP loan application.