Who can apply for PMEGP margin money subsidy

• Individuals aged 18 or more. For projects above Rs 10 lakh in manufacturing or Rs 5 lakh in services, at least Class 8 pass.
• Only new units. Existing units and units already subsidised under another government scheme are not eligible.
• Self-help groups, societies, production cooperatives and charitable trusts can also apply.
• Project cost up to Rs 50 lakh (manufacturing) or Rs 20 lakh (services). The subsidy is 15% to 35% of the project cost, depending on category and location.

Documents required for PMEGP margin money subsidy

• Aadhaar
• PAN
• Project report
• Category certificate, if any
• Education certificate (larger projects)
• Rural area certificate, if applicable

Apply to scheme

How to apply for PMEGP margin money subsidy, step by step

1. Open the PMEGP e-portal and choose Application for New Unit.
2. Fill in your details, upload the project report and choose the implementing agency (KVIC, KVIB or DIC) and the bank branch.
3. The district task force interviews you and forwards the application to the bank.
4. The bank sanctions the loan. Complete the mandatory entrepreneurship development training.
5. After the first loan instalment, the subsidy is kept in a fixed deposit in your name for 3 years and adjusted against the loan after the unit is verified.

Official links: Khadi and Village Industries Commission (implementing agency)

Sources: PMEGP e-portal, KVIC

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