Prime Minister’s Employment Generation Programme

Prime Minister’s Employment Generation Programme Latest News

The Prime Minister’s Employment Generation Programme (PMEGP) has facilitated the establishment of more than 4 lakh micro-enterprises and generated employment for over 36 lakh people during the 15th Finance Commission cycle.

About Prime Minister’s Employment Generation Programme

• It is a central sector scheme launched in August 2008.
• It is a credit-linked subsidy scheme administered by the Ministry of Micro, Small, and Medium Enterprises (MSME). 
• It aims to create self-employment opportunities for first-generation entrepreneurs and promote sustainable livelihoods in the manufacturing and services sectors, especially in rural areas.
• Implemented By: The scheme is implemented by the Khadi and Village Industries Commission

‹ ›

Eligibility for Prime Minister’s Employment Generation Programme

• Any individual above 18 years of age is eligible.
• There will be no income ceiling for assistance for setting up projects under PMEGP.
• Beneficiaries should possess at least VIII standard pass educational qualification for setting up of projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business/service sector.
• Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme), institutions registered under the Societies Registration Act, 1860, Production Co-operative Societies, and, Charitable Trusts are also eligible for assistance under PMEGP.
• Existing units that have already availed government subsidy under any other scheme of the Government of India or State Government are not eligible.

Source: PIB