PMEGP Loans

The Prime Minister’s Employment Generation Programme (PMEGP) is a flagship scheme launched by the Government of India to generate employment through self-employment ventures. JV Finance proudly facilitates PMEGP Loans to aspiring entrepreneurs and small business owners, offering access to subsidized funding and full guidance through the application and approval process.

Whether you're a first-time business owner or looking to expand a rural or urban unit, a PMEGP Loan can be your stepping stone to success — with low financial burden and maximum impact.

What is a PMEGP Loan?

A PMEGP Loan is a government-subsidized loan offered under the Ministry of Micro, Small, and Medium Enterprises (MSME), implemented through KVIC (Khadi and Village Industries Commission), District Industries Centers, and other agencies. It provides financial assistance to individuals to set up new enterprises in manufacturing, service, or trading sectors.

Key Benefits of PMEGP Loans:

✅ Loans up to ₹25 lakhs for manufacturing units
✅ Loans up to ₹10 lakhs for service sector units
✅ 15% to 35% government subsidy (depending on applicant category and area)
✅ No collateral for loans up to ₹10 lakhs
✅ Easy EMIs and flexible repayment up to 7 years
✅ Applicable in both rural and urban areas
✅ Support for first-time entrepreneurs and unemployed youth

Subsidy Structure:

The remaining cost is covered through the beneficiary’s contribution (5-10%) and bank credit.

Who Can Apply?

• Individuals aged 18 years and above

• Minimum 8th standard pass for projects above ₹10 lakhs

• Self-help groups, co-operative societies, charitable trusts

• No prior beneficiary of government subsidy under similar schemes

• New projects only (not applicable for existing businesses)

Eligible Activities:

• Manufacturing of goods like garments, food items, electronics, handicrafts

• Service sector businesses like salons, repair shops, transportation, IT services

• Trading activities with production/service elements

Note: Certain negative list industries (alcohol, tobacco, etc.) are not eligible.

Documents Required:

• Aadhaar and PAN Card

• Caste certificate (if applicable)

• Education certificate (minimum 8th pass for higher loans)

• Project report and business plan

• Udyam registration

• Bank account details and address proof

• Passport-size photos

Our experts at JV Finance assist in drafting the project report, filling the application, and liaising with banks and authorities to ensure smooth processing.

JV Finance’s Role in Your PMEGP Journey:

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???? End-to-End Support – Dealing with DIC/KVIC/KVIB and banks made simple
???? Subsidy Guidance – Ensure you get maximum benefit available under your category
????️ Post-Sanction Support – Help in documentation, training, and implementation