PMEGP Prime Minister Employment Generation Programme guide

THERE ARE 2 MAIN COLLATERAL Free SME LOANS AVAILABLE CGTSME;- IN THIS LOAN YOU CAN GET LOAN UPTO 2CR BUT YOU HAVE TO CONTRIBUTE MINIMUM 25% OF PROJECT COST REMAINING WILL BE FINANCED BY BANK AND YOU HAVE TO PAY 1% OF YOUR PROJECT COST EVERY YEAR TO SECURE LOAN WITH OUT COLLATERAL PMEGP  PMEGP is a central govt Scheme for only new entrepreneurs who want to start there manufacturing or service business… its a subsidy Scheme subsidy will be from 15% to 35% of total approved project cost owners contribution will be 5% to 10% of total approved project cost i have availed this loan for my project in banglore Get ready with the project you want to do prepare a project report on it identify the place where you want to start you project apply online application in kvic website there will be an interview process by kvic/dic/kvib chosen nodal agency before interview talk to banks who is ready to give loan to your project get a communication letter from bank and submit in interview if your project

  BEFORE STARTING YOUR BUSINESS.. PMEGP is a central govt Scheme for only new entrepreneurs who want to start there manufacturing or service business… its a subsidy Scheme subsidy will be from 15% to 35% of total approved project cost owners contribution will be 5% to 10% of total approved project cost i have availed this loan for my project in banglore Get ready with the project you want to do prepare a project report on it identify the place where you want to start you project apply online application in kvic website there will be an interview process by kvic/dic/kvib chosen nodal agency before interview talk to banks who is ready to give loan to your project get a communication letter from bank and submit in interview if your project is selected it will get forwarded to bank submit all required (asked) documents to bank bank will process the application and they will do inspection of your project place bank will sanction the loan.. get sanction later from bank and submite in kvic/kv

Pmegp loan disbursement time period is minimum 3 months to 6 months it may go up to one year also It's completely depending on local kvic/dic / kvib officials and your clarity on your project and proper documentations But standard timing is 5days+ 45days+45days+ 30days= 125 working days approximately  Process go as below  1.After putting online application within 5days you have to get DLFTC(interview) meeting! But it will not happen like that, it's the longest   time period where your time will get wasted they may call you for interview with in 5days or may be in 6 months.!!!! 2. After DLFTC interview they will take more time to update on your interview results approximately 15days to 45days .. 3.After DLFTC interview results your files has to be forwarded to your respective bank with in 45days. 4. Bank may take 15days to 2 months to disbursement of loan amount 4. After loan disbursement you have to get EDP TRAINING for 10days 5. With in 3 months you will get subsidy It will be

PMEGP QUESTION CONTEST FOR ENTREPRENEURS Ask your Questions in the comment box i will answer all the questions one by one in my upcoming posts. I am a pmegp beneficiary and  business consultant.  I will share all my knowledge here         conditions apply  questions should be clear mention your project type and project cost you can also post your current position in pmegp loan process  give clarity on each question. your questions should also helpful for other applicants  Please read my other post to get more information 

Welcome to PMEGP GUIDELINES This guideline will give you complete knowledge of  about the PMEGP scheme in easy language All this knowledge is based on own experience and experience from my consultation     Understanding of PMEGP Eligibility Subsidy percentage you are eligible For scheme Preparations for this scheme Documentations required Population certificate Complete process explanation step by step Preparation of project report in prescribed format   How to convince bank to give a loan How to apply online application How to attend the (interview ) DLFTC meeting How to track your application How application get forwarded to bank How to get processed your application in banks How to get disbursal of is done and options EDP training EDP certificate   Time required for each process and how to reduce the time How to clime subsidy Subsidy relishing Subsidy adjustment Subsidy final adjustments Closing pmegp How to get Additional credit scheme upt