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PMEGP Funding for Telangana Entrepreneurs

The document summarizes the Prime Minister's Employment Generation Programme (PMEGP) which provides funding to unemployed individuals to start new industrial units in rural and urban areas of Telangana State. The program offers higher subsidy amounts for special categories like SC/ST/OBC/minorities/women ranging from 25-35% of the project cost depending on if the project is in an urban or rural area. General categories receive 15-25% subsidy. Funding is available for new manufacturing projects up to Rs. 25 lakh and business/service projects up to Rs. 10 lakh. Individuals over 18 without an income ceiling can apply, with an 8th standard education required for larger projects. Existing units receiving other

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111 views2 pages

PMEGP Funding for Telangana Entrepreneurs

The document summarizes the Prime Minister's Employment Generation Programme (PMEGP) which provides funding to unemployed individuals to start new industrial units in rural and urban areas of Telangana State. The program offers higher subsidy amounts for special categories like SC/ST/OBC/minorities/women ranging from 25-35% of the project cost depending on if the project is in an urban or rural area. General categories receive 15-25% subsidy. Funding is available for new manufacturing projects up to Rs. 25 lakh and business/service projects up to Rs. 10 lakh. Individuals over 18 without an income ceiling can apply, with an 8th standard education required for larger projects. Existing units receiving other

Uploaded by

nagesh rao
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Prime Minister’s Employment Generation Programme (PMEGP)

An opportunity for un-employed youth to set up New Industrial Units


In Rural & Urban areas of Telangana State

Applications are Invited THROUGH ONLINE under PRIME MINISTER’S


EMPLOYMENT GENERATION PROGRAMME (PMEGP) from the prospective
Entrepreneurs.

Quantum and Nature of Financial Assistance Levels of funding under


PMEGP

Categories of beneficiaries Beneficiary‟s Rate of Subsidy


under
PMEGP contribution (of project cost)
(of project cost)
Area (location of
project/unit) Urban Rural
General Category 10% 15% 25%
Special (including SC / ST / 05% 25% 35%
OBC /Minorities/Women, Ex-
service men, Physically
handicapped, NER, Hill and
Border areas etc.

Note: (1) The maximum cost of the project/unit admissible under


manufacturing sector is Rs.25 lakh.
(2) The maximum cost of the project/unit admissible under
business/service sector is Rs. 10 lakh.
(3) Total Project Cost = Beneficiary Contribution + Eligible Margin
Money (Middle Ended Subsidy) + Balance Cost of the Project will
be Sanctioned by Bank as a Loan.
4. Eligibility Conditions of Beneficiaries

(i) Any individual, above 18 years of age


(ii) There will be no income ceiling for assistance for setting up
projects under PMEGP.
(iii) For setting up of project costing above Rs.10 lakh in the
manufacturing sector and above Rs. 5 lakh in the service
sector, the beneficiaries should possess at least VIII standard
pass educational qualification. No Educational Qualification is
required for projects/units costing below Rs. 10.00 lakhs under
manufacturing sector and projects/units costing below Rs. 5.00
lakhs under service sector.
(iv) Assistance under the Scheme is available only for new projects
sanctioned specifically under the PMEGP.
(v) Self Help Groups (SHGs)(including those belonging to BPL
provided that they have not availed benefits under any other
Scheme) are also eligible for assistance under PMEGP.
(vi) Institutions registered under Societies Registration
Act,1860;
(vii) Production Co-operative Societies, and
(viii) Charitable Trusts.
(ix) Existing Units (under PMRY, REGP or any other scheme of
Government of India or State Government) and the units that
have already availed Government Subsidy under any other
scheme of Government of India or State Government are not
eligible.

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