Scheme Guidelines :
- The Government of India, Ministry of MSME launched a new Credit - linked Subsidy Programme called PMEGP, by merging two Schemes that were in operation till 31/03/2008, namely, Prime Minister's Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP), for generation of employment opportunities for first generation entrepreneurs through establishment of micro enterprises in rural as well as urban areas.
- The Government of India has designated KVIC as the single Nodal Agency at the National level for implementation of the Scheme. At the State level, the Scheme is being implemented through 3 Agencies, namely, State KVIC Office, Tripura KVIB and the DICs. The subsidy is routed by the implementing agencies through the nodal bank branches.
- In certain respects, norms for PMEGP are more liberal than erstwhile PMRY and REGP Schemes. The ceiling for total Project Cost under PMEGP is Rs. 50 lakhs for manufacturing sector and Rs. 20 lakhs for service sector. The rate of subsidy is 25% for urban areas and 35% for rural areas. The own contribution of beneficiary required under the Scheme is 5% only. There is no requirement of collateral security for loans upto Rs.10 lakhs. There is no income ceiling for assistance under the Scheme. The requirement of minimum qualification of Class-VIII passed in only for project with total cost above Rs.10 lakhs in manufacturing sector and above Rs.5 lakhs in service sector. SHGs are also eligible for assistance.
- Second financial assistance for expansion of existing successful PMEGP/Mudra units upto Rs.1.00 crore for mfg sector & Rs.25 Lakhs for service sector with subsidy of 20%, max.Rs.20.00 Lakh & Rs.5 Lakhs respectively (w.e.f 2018-19).
Achievement under PMEGP since inception:
(Rs in lakhs)
| Year | Target | Sponsored | Sanctioned | Disbursed | |||
|---|---|---|---|---|---|---|---|
| No. | Amount | No. | Amount | No. | Amount | ||
| 2008-09 | 393 | 377 | 1687.59 | 42 | 147.24 | 22 | 73.01 |
| 2009-10 | 393 | 937 | 3392.62 | 446 | 1709.32 | 386 | 1340.46 |
| 2010-11 | 1000 | 1901 | 8725.96 | 1041 | 4753.32 | 947 | 3859.22 |
| 2011-12 | 1500 | 3084 | 13505.53 | 1648 | 7097.41 | 1545 | 5858.87 |
| 2012-13 | 1500 | 4191 | 20013.70 | 1678 | 7663.69 | 1587 | 6165.71 |
| 2013-14 | 1500 | 4276 | 21925.01 | 1572 | 7720.33 | 1477 | 5259.94 |
| 2014-15 | 1500 | 4474 | 24959.15 | 1447 | 7109.63 | 1358 | 4690.57 |
| 2015-16 | 1500 | 3947 | 21214.95 | 1371 | 6652.01 | 1221 | 4771.75 |
| 2016-17 | 1692 | 4073 | 21032.97 | 1419 | 7328.12 | 1375 | 7041.52 |
| 2017-18 | 1605 | 4557 | 25225.90 | 1142 | 6321.70 | 1116 | 5735.73 |
| 2018-19 | 1500 | 4290 | 28544.60 | 980 | 5536.36 | 1176 | 6943.51 |
| 2019-20 | 1500 | 5228 | 32692.53 | 1039 | 5912.94 | 958 | 5469.42 |
| 2020-21 | 2000 | 3402 | 26954.55 | 1033 | 6842.49 | 837 | 5233.47 |
| 2021-22 | 2000 | 3104 | 23846.37 | 904 | 6027.72 | 955 | 6144.00 |
| 2022-23 | 2164 | 1987 | 17511.45 | 1006 | 6853.56 | 698 | 4956.03 |
| 2023-24 | 1712 | 2357 | 19412.4 | 991 | 6714.75 | 571 | 4011.90 |
| Total | 23459 | 52185 | 310645.28 | 17759 | 94390.59 | 16229 | 77555.11 |
