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Business, & agriculture finance

Prime Minister's Employment Generation Programme ()

Government margin-money subsidy for new micro enterprises and eligible upgradation projects, with project caps, category-based contributions and 3–7-year repayment.

Project-cost capsFor new-project subsidy: manufacturing ₹50 lakh and business/service ₹20 lakh; balance above the cap may be financed without government subsidy. For upgradation: manufacturing ₹1 crore and business/service ₹25 lakh.Interest rateMSME activities: RLLR-linked. Non-MSME activities: RLLR and MCLR-linked according to activity. No numeric scheme spread is published on the reviewed page.Eligible borrowersIndividuals above 18 for new micro enterprises; new projects only. A second/upgradation route is available for existing PMEGP, REGP or MUDRA units under the published conditions.
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Quick eligibility check

Prime Minister's Employment Generation Programme ()

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Individuals above 18 for new micro enterprises?

Published source: Eligible borrowers

2Do you meet this requirement: new projects only?

Published source: Eligible borrowers

3Do you meet this requirement: A second/upgradation route is available for existing PMEGP, REGP or MUDRA units under the published conditions?

Published source: Eligible borrowers

4Do you meet this requirement: Individual applicant must be over 18?

5Does your annual income meet this requirement: no income ceiling for new projects?

6Document checkDo you have this required document or proof: Application and KYC?

Published source: Required documents

7Document checkDo you have this required document or proof: Project report and cost estimates?

Published source: Required documents

8Document checkDo you have this required document or proof: Education certificate where threshold applies?

Published source: Required documents

9Document checkDo you have this required document or proof: Category/location certificate for subsidy band?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible borrowersIndividuals above 18 for new micro enterprises; new projects only. A second/upgradation route is available for existing PMEGP, REGP or MUDRA units under the published conditions.View source
Complete borrower and exclusion conditions reviewed.
Source
Page / section
Eligible borrowers
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Project-cost capsFor new-project subsidy: manufacturing ₹50 lakh and business/service ₹20 lakh; balance above the cap may be financed without government subsidy. For upgradation: manufacturing ₹1 crore and business/service ₹25 lakh.View source
New and upgradation project caps reviewed.
Source
Page / section
Maximum cost of project/unit
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Margin-money subsidyNew projects: general category contributes 10% and receives 15% urban or 25% rural subsidy; special category contributes 5% and receives 25% urban or 35% rural subsidy. Upgradation: 10% contribution and 15% subsidy, or 20% in NER/hill states.View source
Every category, area and upgradation subsidy cell reviewed.
Source
Page / section
Beneficiary contribution and subsidy tables
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment3 to 7 years after an initial moratorium period.View source
Published tenor row reviewed.
Source
Page / section
Repayment Tenor
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateMSME activities: RLLR-linked. Non-MSME activities: RLLR and MCLR-linked according to activity. No numeric scheme spread is published on the reviewed page.View source
Published pricing methods reviewed without inventing a rate.
Source
Page / section
Rate of Interest
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsApplication, KYC, project report, category/location evidence for subsidy, education certificate where project-cost threshold applies, contribution proof and entity/registration records.View source
Published eligibility and project-document conditions reviewed.
Source
Page / section
Eligible borrowers and subsidy tables
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsIndiaView source
The manually reviewed product record states: “India”.
Source
Prime Minister's Employment Generation Programme () — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • 15%–35% margin-money subsidy for new projects
  • Upgradation subsidy up to ₹15 lakh (₹20 lakh in NER/hill states)
  • Manufacturing and service project caps
  • 3–7-year repayment after initial moratorium

Eligibility

  • Individual applicant must be over 18; no income ceiling for new projects. VIII-standard pass is required above the stated project-cost thresholds. Only new projects qualify for the new-project route; units already subsidised under another government scheme and projects without capital expenditure are excluded.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application and
  • Project report and cost estimates
  • Education certificate where threshold applies
  • Category/location certificate for subsidy band
  • Constitution and registration records
  • Margin contribution and bankability documents

Related official documents

Prime Minister's Employment Generation Programmeofficial-product-page · published-reference · accessed 31 Aug 2026
↗

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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

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General · Contribution10%

This value is copied from new-project contribution and subsidy. Check the table notes before relying on it.

Source: · New-enterprise subsidy table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 2 rows · 4 columnsPMEGP new-project contribution and subsidyView tableHide table

Scroll sideways to view every column

PMEGP new-project contribution and subsidy
Beneficiary categoryContributionUrban subsidyRural subsidy
General10%15%25%
Special: SC, ST, OBC, minorities, women, ex-servicemen, transgender, differently abled, NER, aspirational, hill and border areas5%25%35%
· New-enterprise subsidy table · accessed 31 Aug 2026Open official source ↗
Table 2 · 5 rows · 3 columnsPMEGP upgradation routeView tableHide table

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PMEGP upgradation route
ParameterManufacturingBusiness/service
Maximum project cost₹1 crore₹25 lakh
Maximum standard subsidy₹15 lakh₹3.75 lakh
Maximum NER/hill subsidy₹20 lakh₹5 lakh
Contribution10%10%
Subsidy15%; 20% in NER/hill states15%; 20% in NER/hill states
· Second loan for upgradation · accessed 31 Aug 2026Open official source ↗
Table 3 · 9 rows · 2 columnsPMEGP eligibility and repaymentView tableHide table

Scroll sideways to view every column

PMEGP eligibility and repayment
ParameterPublished detail
AgeIndividual applicant above 18
Income ceilingNone for new-project assistance
EducationAt least VIII standard for projects above ₹10 lakh manufacturing or ₹5 lakh business/service
ProjectNew projects only for new-project route; capital expenditure required; land excluded from project cost
ExclusionsExisting units already assisted under PMRY, REGP or another government scheme, and units already receiving government subsidy
Family ruleOnly one person per family (self and spouse)
Repayment3–7 years after initial moratorium
Rate-linked for ; /-linked for non- activities
Programme periodPage states continuation for five years from 2021-22 to 2025-26
· Complete eligibility, tenor and rate sections · accessed 31 Aug 2026Open official source ↗

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