The Prime Minister’s Employment Generation Programme (PMEGP) is a key initiative by the Government of India designed to foster self-employment and entrepreneurial ventures among youth and aspiring business owners. Whether you are a first-time entrepreneur or planning to start a new manufacturing or service enterprise, PMEGP provides financial assistance and subsidies to help bring your business vision to life.

About PMEGP

PMEGP is a credit-linked subsidy scheme managed by the Khadi and Village Industries Commission (KVIC) under the Ministry of MSME. It supports the establishment of new micro-enterprises in both rural and urban areas across India, aiming to generate employment and promote self-reliance through the growth of small businesses.

Key Features of PMEGP

• Subsidy of up to 35% on the total project cost.
• Project cost limits:
  • ₹50 lakh for manufacturing units
  • ₹20 lakh for service units
• Collateral-free loans available for projects up to ₹10 lakh.
• Loans disbursed through nationalized and private sector banks.
• Scheme applicable across both rural and urban regions.
• Subsidy Pattern:
  • General Category:
    • Urban Area: 15%
    • Rural Area: 25%
  • SC/ST/OBC/Minorities/Women:
    • Urban Area: 25%
    • Rural Area: 35%
• Applicant contribution: 5–10% of the project cost as own investment.
• Remaining amount provided by the bank as a term loan.

Eligibility Criteria

• Applicant must be 18 years or older
• Minimum educational qualification: 8th pass for manufacturing projects above ₹10 lakh and service projects above ₹5 lakh
• Business unit must be new (not previously established)
• Open to individuals, self-help groups (SHGs), co-operative societies, and institutions
• No income restrictions apply

Eligible Activities

• Manufacturing units such as food processing, furniture, garments, and more
• Service units including beauty parlors, boutiques, repair services, coaching centers, etc.
• Agro-based industries
• Handicrafts and artisan enterprises
• Select retail trade activities

How 360 Subsidy Supports You

At 360 Subsidy, we streamline your PMEGP application and maximize your chances of success by providing:

• Guidance in selecting and planning viable business ideas
• Preparation of detailed project reports (DPR)
• Assistance with online application submission
• Support for Entrepreneurship Development Program (EDP) training
• Coordination with banks and government authorities
• Complete assistance until subsidy disbursement

Why Partner with 360 Subsidy?

• Experienced PMEGP consultants with a strong track record
• Over 100 successful PMEGP applications facilitated
• Customized and transparent guidance throughout the process
• Affordable consultancy services tailored to your needs
• Support available across all states and sectors