(Online Application) PMEGP Scheme 2023: Registration, Bank list, Loan Amount, Subsidy

Prime Minister’s Employment Generation Program Application Form | Employment Generation Program Scheme Implementing Agencies | PMEGP loan scheme application form | what is EDP | Benefits, and features

The central government instituted the Prime Minister’s Employment Generation Program scheme to give employment opportunities to the country’s unemployed youth. The unemployed youth of the country are provided loans under this scheme in the amount of Rs 10 to Rs 25 lakh so that they may establish their own businesses. The youth of the country can benefit from this scheme in both urban and rural areas. Under the PMEGP scheme 2023, the central government is concentrating on lending to an increasing number of individuals. In this post, we will provide you all the details about this PMEGP scheme, including the application process, required documentation, and eligibility.

PMEGP Loan Scheme 2023

The PMEGP Loan Scheme 2023 is a credit-linked subsidy program that was launched by merging two schemes namely Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) to generate employment opportunities by establishing micro-enterprises or businesses both in rural and urban areas. This PMEGP scheme will be administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME). The scheme is implemented by the Khadi and Village Industries Commission (KVIC). At the state level, the scheme will be implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs), and banks. The unemployed youth of the country will be provided loan of amount Rs 10 to Rs 25 lakh to establish a micro business. Moreover, the applicant will also get a subsidy on the loan amount based on their eligibility category.

Extension of PMEGP scheme by the government

The Prime Minister’s Employment Generation Program will now run until the fiscal year 2025–2026, according to the government which the government would spend Rs. 13554.42 crore. An additional 40 lakh persons will have employment opportunities because of this scheme according to MoMSME. The Central Government has also made certain other changes in accordance with this plan. The maximum project costs for manufacturing units would rise from Rs 25 lakh to Rs 50 lakh under these revisions, while those for service units will rise from Rs 10 lakh to Rs 20 lakh. Transgender candidates will be retained in a specific category under this scheme and will get additional funding.

PMEGP Scheme

Objective of PMEGP Scheme

• To provide employment opportunities in rural and urban regions of the country by starting new microbusinesses, projects, and self-employment activities.
• To bring together widely separated traditional artisans/rural and urban unemployed youth and, to the greatest degree possible, provide them with self-employment opportunities in their location.
• To give continuous and sustainable employment to a major part of the country’s traditional and potential craftsmen, as well as rural and urban unemployed youth, in order to halt rural youth migration to urban areas.
• To boost the ability of craftsmen to earn a living wage and to help the expansion of both rural and urban employment.

PMEGP Yojana 2023 Highlights

PMEGP Scheme Subsidy Amount provided

Note:

• The Maximum cost of the Project/Unit admissible for Margin Money subsidy under the Manufacturing sector is Rs. 50.00 Lakh.
• The Maximum cost of the Project/Unit admissible for Margin Money subsidy under the Business/service sector is Rs. 20.00 Lakh.
• The balance amount (excluding the own contribution) of the total project cost will be provided by a bank.
• If the total project cost exceeds Rs. 50.00 Lakhs or Rs. 20.00 Lakhs for Manufacturing and Service/Business sector respectively, the balance amount may be provided by banks without any Government Subsidy.

Eligibility Criteria of PMEGP Scheme 2023

• Any individual, above 18 years of age.
• There will be no income ceiling for assistance in setting up projects under PMEGP.
• Beneficiaries must have at least an 8th standard pass to be eligible to start up projects with budgets over Rs. 10 lakhs in the manufacturing sector and over Rs. 5 lakhs in the business/service sector.
• Assistance under the Scheme is available only for new projects sanctioned specifically under the PMEGP.
• Only One Person from One family is Eligible for obtaining financial assistance for setting up projects under PMEGP. The Family includes self and spouse

Other Eligibility Conditions for PMEGP (New units)

·         Projects without Capital Expenditure are not eligible for financing under the scheme.

·         Cost of Land should not be included in the Project cost.

·        Cost of the ready-built shed as well as long lease or rental work-shed/Workshop can be included in the project cost subject to restricting such cost of ready-built as well as long lease or rental workshop/work shed to be included in the project cost calculated for a maximum period of 3 years only.

·         PMEGP is applicable to all new viable microenterprises, including Village industries projects except activities prohibited by local Government/Authorities keeping in view environmental or socio-economic factors and activities indicated in the negative list of guidelines.

What are the Implementing Agencies of PMEGP Scheme?

·         The Scheme will be implemented by the Khadi and Village Industries Commission (KVIC), Mumbai, a statutory body created by the Khadi and Village Industries Commission Act, 1956, which will be the single nodal agency at the national level.

·         At the State level,the scheme will be implemented through State Directorates of KVIC, State Khadi and Village Industries Boards (KVlBs), District Industries Centres, and COIR Board for coir-related activities. Other agencies like the National Scheduled Castes Finance and Development Corporation(NSCFDC), National Scheduled Tribes Finance and Development Corporation (NSTFDC), National Backward Classes Finance & Development Corporation (NBFDC), Indian Institute of Entrepreneurship (lIE) Guwahati, National Institute for Entrepreneurship and Small Business Development (NIESBUD)&National Institute for Micro Medium and Small Enterprises (Nl-MSME), Institute of Entrepreneurship Development (lED) Odisha, TR&TCs, 0/0 DCMSME and MSME DIs, etc. can also be enrolled as lAs, as and when necessary.

·         All lAs, including the lAs that may be enrolled in the future, will be allowed to receive and process applications in all areas irrespective of the rural or urban category. KVIC will coordinate with State KVIBs/State DICs and other lAs and monitor performance in rural and urban areas. The lAs will also involve National Small Industries Corporation (NSlC), Udyami Mitras impanelled under Rajiv Gandhi Udyami MitraYojana (RGUMY), RSET/s/RUDSETIs Panchayati Raj Institutions, NGOs of repute and other relevant agencies in the identification of beneficiaries under PMEGP.

·         Coir Board will be involved En identifying the Coir Units for their setting up under PMEGP in both rural as well as urban areas, their handholding and mentoring

Other Agencies

·         Department of Women and Child Development (DWCD), Nehru Yuva Kendra Sangathan (NYKS) and The Army Wives Welfare Association of India (AVVWA).

·         NGOs having at least five years’ experience and expertise in Project Consultancy in Small Agro & Rural Industrial Promotion and Technical Consultancy Services, Rural Development, and Social Welfare having requisite infrastructure and manpower and capable of reaching the Village and Taluk level in the State or Districts. NGOs should have been funded by State or National Level Government Agencies for any of their schemes in the preceding 3 years period.

·         Professional Institutions/Technical Colleges recognized by Government/University and University Grants Commission (UGC)/ All India Council for Technical Education (AICTE) having a department for vocational guidance or technical courses providing skill-based training like lTl, Rural Polytechnic, Food Processing Training Institute, etc.

·         Certified KVI institutions aided by KVIC / KVIB provided these are in category A+, A, or B and are having required infrastructure, manpower, and expertise for the role.

·         Departmental and Non-Departmental Training Centres of KVlC / KVlBs.

·         Micro, Small, and Medium Enterprises Development Institutes (MSME-Dls), MSME Tool Rooms, and Technical Development Centres, under the administrative control of the Office of Development Commissioner, MSME.

·         National Small Industries Corporation’s (NSlC) offices, Technical Centres, Training Centres, Incubators, and Training cum Incubation Centres (TICs) set up in PPP Mode.

·         National level Entrepreneurship Development Institutes like the National Institute for Entrepreneurship and Small Business Development (NIESBUD), National Institute for Micro, Small and Medium Enterprises (NIMSME), and Indian Institute of Entrepreneurship (lIE), Guwahati under the administrative control of Ministry of MSME, their branches and the Entrepreneurship Development Centres (EDCs) set up by their Partner Institutions (PIs).

·         PMEGP Federation, whenever formed.

·         Any other Agencies with the approval of the competent authority.

PMEGP Scheme Financial Institutions

• All Public Sector Banks
• All Regional Rural Banks, Co-operative Banks, Private Sector Scheduled Commercial Banks regulated by RBI
• Small Industries Development Bank of India (SIDBI)

What is Entrepreneurship Development Scheme (EDP)?

The objective of EDP is to provide orientation and awareness pertaining to various managerial and operational functions like finance, production, marketing, enterprise management, banking formalities, book-keeping, statutory compliances, etc. to run their business effectively.

EDP training Mode & Duration

The prospective entrepreneurs and the beneficiaries whose loan has already been sanctioned by the Banks can undergo EDP training either in online or offline mode. The duration of the training would be for at least 5 days for projects with project cost up to Rs.5 lakh and for projects with costs above Rs.5 lakh, the duration of EDP would be at least 10 days. No EDP training will be mandatory for projects up to Rs. 2 Lakh. The prospective entrepreneurs and beneficiaries can opt for the mode of training and choose the training center for the offline mode of their choice.

Importance of EDP training

EDP training is mandatory for claiming the Margin Money (subsidy). The training will include interaction with successful rural entrepreneurs, Banks as well as orientation through field visits. The beneficiaries who have undergone EDP earlier of duration not less than 10 Days through KVIC/KVIB or reputed Government training centers will be exempted from undergoing fresh EDP.

Who will conduct EDP Training?

The EDP will be conducted by KVIC in online or offline mode through KVIC, KVIB Training Centers as well as Accredited Training Centers run by Central Government, NSIC, the three national level Entrepreneurship Development Institutes (EDIs), i.e., NIESBUD, NIMSME and IIE1and their partner institutions under the administrative control of Ministry of MSME, State Governments, Banks, Rural Development and Self Employment Training Institutes (RUDSETI), reputed NGOs, and other organizations/institutions, identified by the Government from time to time.

The training centers/institutes will be identified by KVIC, and extensive publicity will be provided about the training centers/institutes, the content of courses available, duration, etc. by circulating the same to all the lAs, EDP certificate shall be uploaded by the concerned training institute on the PMEGP portal along with validation immediately after completion of the training.

Further, KVIC shall also arrange for training, hand holding and mentoring, etc. for the beneficiaries beyond 3 years of setting up of units through the hiring of experts and engaging institutions like MSME-DIs, TR -TC of DCMSME, Nl-MSME, etc

PMEGP Proposed Estimated Targets

• An outlay of Rs.13,554.42 crore has been approved for PMEGP for five Financial Years (2021-22 to 2025-26) to set up about 4 lakh projects with the creation of 30 lakh employment @8 persons per unit. In addition, 1,000 Units will be upgraded in each FY.
• Initially, state offices of KVIC, KVlBs, and DIC were implementing the scheme in the ratio of 30:30:40. However, with the advent of the PMEGP on-line portal, there is no limit on receiving applications. Hence, there is no relevance to the 30:30:40 ratio. The concept of First In — First Out would be observed in the processing of applications by all the concerned lAs and the ratio of 30:30:40 will be dispensed with.
• The annual allocation of targets would be issued State-wise to the lAs by the KVIC HQ. The target communicated to KVIC and lAs are indicative and the lAs and Banks can achieve over and above the allocated target.

Monitoring and evaluation of PMEGP –

Role of Ministry of MSME

·         Ministry of MSME will be the controlling and monitoring agency for the implementation of the scheme. It will allocate target, sanction, and release required funds to KVIC.

·         Quarterly review meeting will be held in the Ministry on the performance of PMEGP.CEO-KVIC, Principal Secretaries I Commissioners (Industries) responsible for the implementation of the scheme in States through DIGs, Representatives of State KVlBs and Senior officials of Banks will attend the meeting.

Role of KVIC

• KVIC will be the single Nodal Implementing Agency of the Scheme at the National level. CEO, KVIC will review the performance with State KVIBs, DICs, and Banks every month and submit a monthly performance report to the Ministry. The report will include the component-wise details of beneficiaries indicating the amount of the Margin Money (subsidy) allotted, employment generated, and the projects set up. KVIC will ensure that the margin money (subsidy) is utilized as per the sub-component plans approved for SC, ST, Women, etc. The targets and achievement will also be monitored at the Zonal, State, and District levels by the Dy.CEOs, Directors of KVIC and the Commissioner /Secretary of Industries (DIC), of the States concerned. The existing REGP units will continue to be monitored by the KVIC as hitherto fore, and a separate monthly report submitted directly to Ministry of MSME.
• Coir Board through its field offices will monitor the coir unit’s setup under PMEGP. Board will regularly review the performance of such units and sent a monthly report to the KVlC.

Role of State Governments / Union Territories

·         The Scheme will be reviewed half yearly by Chief Secretary of the State, Representatives of KVIC, Ministry of MSME, State Director (KVlC), CEO-KVlB, Secretary I Commissioner (Industries) of the State, Senior Officials of the Banks and officials concerned from other lAs will attend the meeting.

·         State Governments {Commissioners I Secretaries (industries)} will forward their monthly reports to KVIC, specifying the component-wise details of beneficiaries indicating the amount of the Margin Money (subsidy) allotted, employment generated, and the projects set up, which will be analyzed, compiled and consolidated by KVIC and a comprehensive report forwarded to Ministry every month.

·         The existing PMRY units will continue to be monitored by the State DIGs, as hitherto fore, and report submitted directly to the Ministry of MSME.

Role of Private Sector (Scheduled, Commercial / Co-operative) Banks in the implementation of PMEGP

PMEGP will also be implemented through the Private Sector Scheduled Commercial Banks/Cooperative Banks regulated by the RBI, once the KVlC has verified the intended Banks’ past three years’ balance sheet and determined the volume of lending portfolio. KVIC will pay the margin money (subsidy) part to the banks on an actual reimbursement basis.

PMEGP Scheme Parameters

The parameters will be decided by the Central Government keeping in view the following parameters.

• backwardness of the state
• state population
• Availability of traditional skills and raw materials
• unemployment within the state
• Under this scheme, 75 projects will be awarded by the government in each district.
• More subsidy will be given to women, SC, ST, OBC, physically disabled, and NER applicants.
• The entire process of this scheme has been done online by the government.
• The entire process will be done online from filling the application form till the money is credited to the account.

Benefits of PMEGP Scheme 2023

• Under this initiative, the central government would grant loans ranging from Rs 10 lakh to Rs 25 lakh to jobless young in the country in order for them to create their own enterprise and employment.
• According to their caste and area, subsidies would also be given to the nation’s unemployed youths under this scheme.
• Loans will be given to unemployed youth in both urban and rural parts of the nation under the Prime Minister’s Employment Generation Program Scheme 2023.
• This program’s benefits will only be available to unemployed youth who desire to start their own businesses.

What kind of industries can be set up in PMEGP Scheme 2023?

• forest based industries
• mineral based industries
• food industry
• agriculture based
• Engineering
• chemical based industry
• Textiles (Except Khadi)
• service industry
• non conventional energy

List of Caste/Category Applicants

• Scheduled Castes (SC)
• Former serviceman
• Scheduled Tribe (ST)
• Handicap
• Other Backward Classes (OBC)
• people of north eastern states
• Minority
• People living in border areas and hills
• Women

PMEGP Scheme 2023 Status

Documents required for PMEGP Loan Scheme 2023

• Aadhaar Card of the applicant
• pan card
• caste certificate
•  residence certificate
• certificate of educational qualification
• mobile number
• passport size photo

How to apply in PMEGP scheme 2023?

The interested Prime Minister of the country who wants to apply under the Employment Generation Program loan scheme should follow the method given below.

first step

• First of all, the applicant has to go to the official website of the scheme.
• After that, the home page will open in front of you.

• On this home page. You have to click on this PMEGP Option option. 
• After clicking on the option, the next page will open in front of you.
• On this page you will see the option of PMEGP E -Portal.
• You have to click on this option. After clicking on the option, you have to click on the option Application for new unit.   

• After this the registration form will open. In the registration form, you will have to fill all the information asked like Aadhaar card number, name of the applicant, state, district, gender, qualification, mobile number, email, pan card number, date of birth, address etc.

second step

• After filling all the information, you have to click on the button of Save Applicant Data.
• After that take a print out of your form and submit it to your nearest kvic / KVIB or DIC, under which you have applied for the loan. 
• There will be an interview process by the nodal agency selected by KVIC / DIC / KVIB.
• If your project is selected then it will be sent to the bank, all the necessary documents have to be submitted to the bank.
• Bank will process the application and they will inspect your project location, bank will sanction the loan. Will take approval from bank later and submit in KVIC / KVIB / DIC.
• Get EDP training, EDP training certificate has to be submitted to KVIC / KVIB / DIC and BANK. Your subsidy will be sent to the bank by the government.

Procedure to apply online for Individual

• First of all,  you have to visit the official website of PMEGP scheme.
• Now the home page will open in front of you.
• After this,  you have to click on the option of Online Application Form for Individual.

• Now the application form will open in front of you.
• You have to enter all the important information asked in the application form like Aadhaar Number, Applicant Name, Agency, State, District etc.
• Now you have to click on the option of Save Applicant Data.
• In this way you will be able to apply.

Procedure to Apply for PMEGP Second Loan

• First of all you have to visit the official website of PMEGP.
• Now the homepage will open in front of you.
• On the home page, you have to click PMEGP option.
• After this you have to select the Application for existing units (2nd Loan).

• Then click on Online Application.
• You have to fill all the important information asked in this form.
• Now you have to upload all the important documents.
• After this you have to click on the button of Final Submit.
• This way you will be able to apply for another loan.

Process to View PMEGP MSME DI List

• First of all you have to visit the official website of PMEGP scheme.
• Now the home page will open in front of you.
• After this you have to click on PMEGP option
• Then click on MSME DI list.

• Now a new page will open in front of you in which the MSME DI list will be in PDF format.
• You can view related information from here.

Procedure to Download PMEGP Project

• First of all,    you have to visit the official website of PMEGP.
• Now the home page will open in front of you.
• On the home page, you have to click on the option of download project.
• After this, the list of projects will appear on your screen.
• You have to click on the view option given in front of the project as per your requirement.
• Related information will be on your computer screen.

Procedure to Apply for PMEGP Online EDP Training

• First of all, you have to visit the official website of PMEGP scheme.
• Now, the home page will open in front of you.
• After this, you have to click on the option of Online EDP.
• Now, you have to click on the option of Click Here for Online EDP Training.

• After this, you have to click on the option of Click Here to Continue.
• Now, you have to click on the option of EDP for PMEGP Beneficiary.

• After this, you have to click on the option of PMEGP loan beneficiary.

• Then, according to your choice, select your desire module and click Enroll Now
• Then, click on PMEGP loan Beneficiary option.
• After this, you have to enter your mobile number and click on the option of Verify.
• Now, the application form will open in front of you.
• You have to enter all the important information asked in the application form like your name, email id, mobile number etc.
• Now, you have to upload all the important documents.
• After this, you have to click on the submit option.
• In this way, you will be able to apply for EDP training online.

Procedure to Download Online EDP Training Circular

• First of all you have to visit the official website of PMEGP Scheme.
• Now the home page will open in front of you.
• On the home page, you have to click on the option of Online EDP.
• After this you have to click on the option of Download Online EDP Training Circular.
• Now a new page will open in front of you.
• Online EDP Training Circular will be in PDF format on this page.
• Now you have to click on the download option.
• In this way you will be able to download EDP Training Circular online.

Contact Information

• Email id: pmegpeportal.kvic@gov.in