The maximum cost of the project/unit admissible for Margin Money subsidy for new units under Manufacturing sector is Rs. 50 lakhs and under Business/Service sector is Rs. 20 lakhs.
General category 15%(Urban), 25%(Rural), Special 25%(Urban), 35%(Rural) (including SC/ ST/ OBC/ Minorities/Women, Exservicemen, physically handicapped, NER, Hill, and Border areas, etc.)
Own contribution of General category is 10% and special category is 5%.
The balance amount of the total project cost will be provided by the banks in the form of term loan and working capital.
If the total project cost exceeds Rs. 50 lakhs and Rs. 20 Lakhs for Manufacturing and Service/Business sector respectively, the balance amount may be provided by Banks without any Government subsidy.
2nd Loan for upgradation of existing PMEGP/REGP/MUDRA units is available under new guidelines
Subsidy
To whom / eligible ?
To whom?
Eligibility
Micro, Medium & Small Enterprises.
individual above 18 years of age with at least VIII standard pass educational qualification.
There will be no income ceiling for assistance for setting up projects under PMEGP.
For setting up of project costing above Rs.10 lakh in the Manufacturing sector and above Rs. 5 lakhs in the Business /Service sector.
Assistance under the scheme is available only for new projects sanctioned specifically under the
PMEGP.
Existing Units (under PMRY, REGP or any other scheme of Government of India or State Government)
and the units that have already availed Government Subsidy under any other scheme of Government of India or State Government are not eligible.
