PMEGP Loan Scheme Eligibility Criteria Guidelines

Prime Minister Employment Generation Programme(PMEGP) Eligibility Conditions Of Beneficiaries (Guidelines)@

Here there is a scheme called PMEGP (prime ministers employment generation programme) which is brought under the action by our Prime Minister Mr.Narender modi. And Telangana government has decided that to give loans for Un employed youth under the prime minister scheme. They will be collecting about ten thousand youth from each district under this PMEGP scheme. The interested candidates those who want to take loans under this scheme can download the application form online and can fill it. To download the application the candidate must need to visit the official website of PMEGP scheme.

PMEGP Eligibility Conditions:    

Here are the conditions at which the interested casndiaste have to look ones before filling the application form. The candidate must fulfill all the details and conditions that are mentioned here.
  1. The candidate must be above 18 years of age
  2. The candidate must be holding the education certificate at least of seventh class then only the candidate can be able to set a project costing above Rs.10 lakhs in the manufacturing sector and above 5 lakhs in the business or service sector
  3. There is a availability of assistance under the scheme that is only for the new projects sanctioned specially if the project is under the PMEGP
  4. The candidate can also appoint self groups under the PMEGP scheme
  5. Institutions co operative societies and charitable trust
NOTE: The units that have already availed in government subsidy under any other scheme of government of India or state government of India are not eligible. (Schemes under PMRY, REGP, or any other scheme of government of India or state government of India)

Other PMEGP Eligibility Conditions:

  1. Candidate need to submit caste/community certificate or any similar documents issued by the competent authority in any other special category; need to submit by the candidate to the concerned branch of the banks along with the margin subsidy amount.
  2. A certified copy of the bye laws of the institute need to attested by the margin money (subsidy) claim where ever required in the copy.
  3. Any project without capiotal expenditure is not eligible for financing under those PMEGP scheme. And the project cost will include capital expenditure and one cycle of working capital. Project which costs about Rs.5 lakhs which do not require working capital, need to submit regional office or controller of the bank’s branch and the claims are required to be submitted with the certified copy of approval form from the regional office or controller if that is the case.
  4. Candidate should not include the cost the project.
  5. PMEGP scheme is available to all the new viable micro enterprises, including village industries projects expect the activates that arte there in the negative list of the village industries.
Only one person from the family is eligible for applying the loan under the Scheme PMEGO.