PMEGP Scheme 2022 – PM Scheme for Employment Generation

PMEGP Scheme | Pradhan Mantri Employment Generation Program | PMEGP Portal Online Registration | Application Form, Benefits and Features

The central government launched the PMEGP scheme to give employment opportunities to unemployed youths. Under this scheme, the nation’s unemployed youth will get loans of Rs. 10lakh to Rs. 25lakh to start their businesses. This scheme is available to young people in both rural and urban areas of the nation.

Under the PMEGP scheme 2022, the central government is concentrating on lending to a growing number of people. In today’s article, we will tell you all the information about this scheme, including the application process, required documents, and eligibility.

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About PMEGP Scheme

Interested youths of the country who want to obtain a loan from the central government to begin their careers, must apply for the PMEGP Loan Scheme. The applicant must be at least 18 years old to apply for the scheme and start his own business. Any institution registered under the Societies Registration Act of 1860 is eligible for PMEGP assistance. If you take out a loan under the PMEGP Yojana, you will be eligible for a loan subsidy based on your category.

Highlights of the PMEGP Scheme

Scheme Name	PMEGP Scheme
Initiated by	The Central Government
Beneficiary	Unemployed Youth of the Country
Purpose	Providing Loan for Employment
Application System	Online
Official Website	https://www.kviconline.gov.in/

The objective of the PMEGP Scheme

As you are all aware, both urban and rural areas experience a high rate of unemployment. The government launched the PMEGP scheme to give employment opportunities to unemployed citizens. All unemployed citizens who want to start their businesses will get loans under this plan. The citizens of the nation will become more independent while the unemployment rate will drop.

Extension of PMEGP Yojana by the Government

The Prime Minister’s Employment Generation Program will run from 2025 – 2026 year. which the government will spend Rs. 13554.42 crores. The government gave this information on May 30, 2022. According to the Minister of Micro, Small, and Medium Enterprises, an additional 40 lakh citizens will have employment opportunities thanks to the expansion of this scheme. The primary objective is to give young people employment opportunities.

The Central Government has also modified this scheme in some other ways. The maximum project costs for manufacturing units will rise from Rs 25 lakh to Rs 50 lakh and for service units from Rs 10 lakh to Rs 20 lakh. Transgender will also get benefits under this scheme in a different category.

Parameters of the PMEGP Yojana

The Central Government will make the decision based on the following criteria.

The backwardness of the State
The population of the State
Unemployment in the State
Lack of traditional skills and raw materials
The government will award 75 projects in each district.
Subsidies will be increased for women, SC, ST, OBC, physically disabled, and NER applicants.
The government handled the entire scheme online PMEGP portal.

Subsidy Given in Pradhan Mantri Employment Scheme

The Government will give a 25% subsidy to start an industry in the rural department and a 15% subsidy to start an industry in the urban department to the unemployed youth of the open category. And, the rest 10% you have to pay.
The Government will give a 35% subsidy for starting industry in the rural department and a 25% subsidy for starting industry in the urban department to the ex-serviceman of special categories like SC, ST, and OBC. And, you need to pay only 5% money.

Category	Urban Area	Country-Side	Your Contribution
General Category	15% of the total project cost	25% of the total project cost	10% of the total project cost
SC, ST, OBC, Minorities, Women, Physically Handicapped, Ex-Servicemen, Hill & Border Area, NER etc.	25% of the total project cost	35% of the total project cost	5% of the total project cost

Benefits of the PMEGP Scheme

The central government will provide loans ranging from Rs 10 lakh to Rs 25 lakh to unemployed youth in the country under this scheme.
Subsidies will also be provided to unemployed youth in the country based on their caste and location under this scheme.
Loans will be provided to unemployed youth in both urban and rural areas of the country under the Prime Minister’s Employment Generation Program Scheme 2022.
The District Industries Center (DIC) is the nodal agency for PMEGP in urban areas, and the Khadi and Village Industries Board (KVIC) can be contacted in rural areas.
This scheme will only benefit unemployed youth who want to start their businesses.

Industries under PM Employment Scheme

Forest-based industries
Mineral based industries
Food industry
Agriculture based
Engineering
Chemical based industry
Textiles (Except Khadi)
service industry
Non-conventional energy

Eligibility Criteria for Applying the Scheme

The applicant should be an Indian and over the age of 18 to be eligible for this scheme.
The applicant must have completed the eighth grade.
The government give this loan to start a new business, not to expand the existing business.
The trained person from a government institute will get priority in this scheme.
If the applicant is already receiving benefits from another subsidy scheme, he is ineligible to participate in this scheme.
This scheme will also benefit cooperative and charitable institutions.

Documents Required for Applying PMEGP Scheme

Aadhaar Card of the applicant
Pan card
Caste certificate
Address proof
Certificate of educational qualification
Mobile number
Passport size photo

Application Process for Pradhan Mantri Employment Scheme

Those who are interested in applying for the Prime Minister Employment Generation Program Scheme should follow the below-given steps.

Go to the official website, and click on the “PMEGP” option.

Pradhan Mantri Employment Generation Program

On the next page, click the “PMEGP Portal” option.
Nest, select the “Online Application Form” for Individual.

In the registration form, enter your Aadhaar card number, name, state, district, gender, qualification, mobile number, email, pan card number, date of birth, address, and other information.
After that, click the “Save Applicant Data” button.
Then, print your form and return it to the KVIC / KVIB / DIC where you applied for the loan.

If your project gets selected, it will be forwarded to the bank. And, you need to submit all the necessary documents at the bank.
The bank will process the application and inspect the project location before sanctioning the loan.
Attend EDP Training, you need to submit an EDP training certificate to KVIC/KVIB/DIC and Bank. The government will transfer your subsidy to the bank.

Individual Online Application Procedure in PMEGP Scheme

Go to the official website of PMEGP.
After that, select “Online Application Form for Individuals.”

On the form, fill up all of the information requested, such as Aadhaar Number, Applicant Name, Agency, State, District, and so on.
Now, select the “Save Applicant Data” option to complete the application.

Non-Individual Online Application Procedure in PMEGP Scheme

Visit the PMEGP’s official website.
On the home page, click the link for “Non-Individual Online Application Form.”

There you have to select your category.
After that, the application form will appear.
Fill out all of the required information and upload all the necessary documents.
Now, press the “Submit” button.

Status of the PMEGP Scheme

Applications received	193330
Sanctioned by bank	13837
Margin money release	12209
Forwarded to banks	116401
Margin money claimed	15008

How to Login to your Registered Account?

Go to the PMEGP Scheme’s official website.

On the home page, select the “Login Form for Registered Applicants” link.
After that, enter your user ID and password, and press the login button.

How to Apply for EDP Training Certificate?

Go to the official website of the PMEGP.
On the home page, select “Online EDP.”
Now, select “Click Here for Online EDP Training.”

After that, click the “Click Here to Continue.”

Then, select “EDP for PMEGP Beneficiary.”

After that, select the “PMEGP loan beneficiary” option.

Next, enter your mobile number and select the “Verify” option.
The application form will appear in front of you.
Fill out all of the required information on the application form, such as your name, email address, and phone number.
Then, upload all of the necessary documents, and click the “submit” button.

Login Procedure for EDP Training Centre

Visit the official website of the PMEGP Scheme.
On the home page, click the “EDP Training Centre Login” link.

A new page will appear where you need to enter your USER-ID and Password.
Now, click the “login” button.

How to Download EDP Training Certificate?

Go to the official website.
On the home page, select “Online EDP.”
After that, select “Download Online EDP Training Certificate.”
A new page will appear with an online EDP Training Certificate in PDF format.
Now, select the “Download” option to download the EDP Training Certificate.

Contact Info.

We have tried to provide all the important information about the PMEGP scheme in this article. If you still have a problem, you can solve it by sending an email to pmegpeportal.kvic@gov.in.

Frequently Asked Questions

1) What is the PMEGP scheme?

PMEGP is a central sector scheme managed by the Ministry of Micro, Small, and Medium Enterprises. KVIC is in charge of implementing the scheme at the nodal level. KVIB and DIC at the state level.

2) What is the loan limit for PMEGP?

PMEGP grants range from Rs. 5.00 lakhs to Rs. 25.00 lakhs.

3) Who may apply for a PMEGP loan?

The beneficiaries must have at least a VIII-level pass in their academics to set up projects with costs exceeding Rs. 10 lakhs in the manufacturing sector and Rs. 5 lakhs in the service/business sector.

4) What is the advantage of a PMEGP loan?

The Prime Minister Employment Generation Program is a credit-linked subsidy scheme backed by the Government of India. Beneficiaries can receive a government subsidy of 15-35% of the project cost under this scheme.

5) Is PMEGP only available to new businesses?

Only new projects are considered for PMEGP sanction.

6) Is PMEGP collateral available for free?

According to RBI guidelines, projects costing up to Rs. 10 lakhs are exempt from collateral security under PMEGP loans.