What is the Prime Minister's Employment Generation Programme (PMEGP)?

Prime Minister's Employment Generation Programme

This is a major scheme launched by the Government of India which aims to reduce unemployment in the country and promote self-employment. This scheme mainly encourages the establishment of small and medium industries in rural and urban areas. Let us know about this scheme in detail.

What is Prime Minister's Employment Generation Programme (PMEGP)?

Pradhan Mantri Employment Generation Programme (PMEGP) was launched in the year 2008. It is a central sector scheme run by Khadi and Village Industries Commission (KVIC). The main objective of this scheme is to provide self-employment opportunities to unemployed youth and promote small industries in the country.

Objective of the PMEGP scheme:

1. Promoting self-employment: The main objective of the scheme is to provide self-employment opportunities to the youth so that they can start their own business.

2. Development of industries: To encourage the establishment of small and medium industries.

3. Rural development: To promote industrialization in rural areas.

4. Reducing unemployment: To solve the problem of unemployment through employment generation.

Salient features of this scheme:

1. Financial assistance: Under this scheme, beneficiaries are provided financial assistance to start their own industries. This assistance is in the form of subsidy.

2. Easy process: The process of applying under the scheme is simple and easy.

3. Assistance in various sectors: This scheme encourages the establishment of industries in various sectors like agriculture, khadi, handicrafts, small scale industries etc.

Eligibility to apply for PMEGP scheme:

1. Age: The applicant must be above 18 years of age.

2. Educational Qualification: Generally no specific educational qualification is required, but for production based projects at least 8th pass is a must.

3. Both Individual and Institutional: Along with individual entrepreneurs, self-help groups, cooperatives, institutions etc. can also apply under this scheme.

Grants and subsidies available under PMEGP:

Following are the grants and subsidies given under Pradhan Mantri Rojgar Srijan Karyakram:

1. Rural areas:

⨀ General category: 25% of the project cost
⨀ Special category (SC/ST/OBC/Women/Disabled): 35% of the project cost

2. Urban areas:

⨀ General category: 15% of the project cost
⨀ Special category (SC/ST/OBC/Women/Disabled): 25% of the project cost

Documents required for application:

Caste Certificate
Special Category Certificate, wherever required
Rural Area Certificate
Project Report
Education/EDP/Skill Development Training Certificate
Any other applicable document

Application Process for PMEGP Scheme:

1. Online Registration: The applicant has to register online by visiting the official website.

2. Project Report: The applicant has to prepare a detailed project report of his proposed industry.

3. Submit Documents: Submit the application form along with the required documents.

4. Interview and Approval: After scrutiny of the application, interview and other formalities are completed. After approval, the grant amount is released.

Application For New or Existing Unit: Click Here
Read Official Information for PMEGP: Click Here

Success Stories:

1. Success Story 1: A youth from Rajasthan started a small scale industry in his village by getting financial assistance under PMEGP and today more than 50 people are employed in his industry.

2. Success Story 2: A woman from Kerala established a handicraft industry under the PMEGP scheme and today the items made by her are famous in the international market as well.

The Pradhan Mantri Employment Generation Program (PMEGP) is an important scheme which is playing an important role in promoting employment generation and self-employment in the country. Through this scheme, not only unemployed youth get employment opportunities, but it also contributes to the economic development of the country.

By taking advantage of this scheme, you can also make your dreams come true and make your business successful. Visit the official website for more information and application.