PMEGP - MSME Loan / SME Loan Government Schemes | SBI - Business
प्रधानमंत्री रोजगार सृजन कार्यक्रम (पीएमइजीपी)
Show More
SME Fixed DepositsSME Government SchemesApply OnlineExternal Benchmark based Lending Rate(EBLR) for MSME LoansOnline Lead StatusContact Details of AGM SMEsList of SME Intensive BranchesDigital collection ProductsDigital LoansLoan Against PropertyLoans for Healthcare IndustryTransport Vehicle loansSupply Chain FinanceEnergy Efficient ProductsOther Business LoansSmall Business LoansIndustry Specific Loans


PRIME MINISTER EMPLOYMENT GENERATION PROGRAMME(PMEGP)
Objective
- To generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures/projects/micro enterprises.
- To bring together widely dispersed traditional artisans/ rural and urban unemployed youth and give them self-employment opportunities to the extent possible, at their place.
- To increase the wage-earning capacity of artisans and contribute to increase in the growth rate of rural and urban employment
Scheme : PRIME MINISTER EMPLOYMENT GENERATION PROGRAMME(PMEGP)
- Implementing Ministry : Khadi and Village Industries Commission (KVIC)
- Portal : Online (PMEGP e- portal) www.kviconline.gov.in
- Beneficiaries/Target Group :
- Any individual, above 18 years of age.
- For setting up of project costing above Rs. 10 lakh in the manufacturing sector and above Rs. 5 lakh in the Business/ Service sector, the beneficiaries should possess at least VIII standard pass educational qualification.
- Assistance under the scheme is available only for new projects sanctioned specially under the PMEGP.
- Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme) are also eligible for assistance under PMEGP.
- Institutions registered under Societies Registration Act, 1860/Production Co-operative Societies/ charitable Trusts.
- Existing units and units have already availed Government Subsidy under any other scheme of Government of India/ State Government are not eligible.
- Purpose : For creation of employment.
- Loan Quantum : The maximum cost of the project/unit admissible under manufacturing sector is Rs. 50 lacs. The maximum cost of the project/unit admissible under business/service sector is Rs. 20 lacs. (For upgradation of project under manufacturing Sector is Rs.1.00 crores).
- Margin : General Category 10% (Special Category-5%-SC/ST/OBC etc.)
- Repayment : 3 to 7 years
- ROI : EBLR+3.25% (8.90%+3.25%, Presently effective rate is 12.15% p.a. w.e.f 15.02.2025)
- Int Subvention : The subsidy ranging from 15% to 35% of project cost provided by Government of India through Khadi and Village Industries Boards (KVIC).
- Credit Guarantee : CGFMU (Up to Rs.10 Lac)/ CGTMSE (Above Rs.10 Lac)
Last Updated On : Wednesday, 26-03-2025

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
SME Government Schemes
Limited Time Offers - Unlimited Joy

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above