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Business, & agriculture finance

Prime Minister Employment Generation Programme ()

finance for new micro-enterprises, with project-cost ceilings of ₹25 lakh for manufacturing and ₹20 lakh for business/services, 10%/5% margin, 3–7-year repayment, government subsidy and credit guarantee.

Project cost ceilingMaximum admissible project/unit cost ₹25 lakh in manufacturing and ₹20 lakh in business/service; the page also states upgradation manufacturing projects may go to ₹1 crorePricingEBLR + 3.25%; page states 12.15% p.a. (8.90% + 3.25%) effective 15 February 2025Customer typeIndividuals, self-help groups, societies, production co-operatives and charitable trusts setting up new micro enterprises
Official product page ↗Compare category

Quick eligibility check

Prime Minister Employment Generation Programme ()

0 of 6 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, eligible SHGs, societies, production co-operatives and charitable trusts?

Published source: Eligibility

2Do you meet this requirement: only new projects?

Published source: Eligibility

3Do you meet this requirement: VIII standard pass required above ₹10 lakh manufacturing or ₹5 lakh business/service project costs?

Published source: Eligibility

4Do you meet this requirement: previously subsidized units are excluded?

Published source: Eligibility

5Can you provide this required proof: Online application printout, Detailed Project Report and other required documents submitted to the respective office?

Published source: Required documents

6Document checkDo you have this required document or proof: Online application printout, Detailed Project Report and other required documents must be submitted to the respective office?

Published source: Required documents
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 2 Sept 2026 · active
Offered byState Bank of India

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.

PurposeGenerate rural and urban employment by setting up new self-employment ventures, projects and micro enterprisesEffective 26 Mar 2025View source
Objective: generate employment through new self-employment ventures/projects/micro enterprises and increase artisans' wage-earning capacity.
Source
— official product page
Page / section
Objective
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
AssistanceBank term loan and working capital finance for the balance of project cost after beneficiary contribution and subsidyEffective 26 Mar 2025View source
The balance amount of total project cost will be provided by banks as term loan and working capital.
Source
— official product page
Page / section
Nature of Assistance
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
Project cost ceilingMaximum admissible project/unit cost ₹25 lakh in manufacturing and ₹20 lakh in business/service; the page also states upgradation manufacturing projects may go to ₹1 croreEffective 26 Mar 2025View source
Maximum cost under the current page: ₹25 lakhs manufacturing and ₹20 lakhs business/service; upgradation of manufacturing project ₹1.00 crore.
Source
— official product page
Page / section
Nature of Assistance / Scheme
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
Beneficiary contributionGeneral category 10%; special category (SC/ST/OBC etc.) 5%Effective 26 Mar 2025View source
Margin: General Category 10%; Special Category 5% (SC/ST/OBC etc.).
Source
— official product page
Page / section
Scheme — Margin
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
Interest subvention / subsidyGovernment subsidy ranges from 15% to 35% of project cost through KVIC/KVIB channelsEffective 26 Mar 2025View source
Interest subvention: subsidy ranging from 15% to 35% of project cost provided by Government of India through Khadi and Village Industries Boards (KVIC).
Source
— official product page
Page / section
Scheme — Interest Subvention
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
PricingEBLR + 3.25%; page states 12.15% p.a. (8.90% + 3.25%) effective 15 February 2025Effective 26 Mar 2025View source
: +3.25% (8.90%+3.25%, presently effective rate 12.15% p.a. w.e.f. 15.02.2025).
Source
— official product page
Page / section
Scheme —
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
Repayment period3 to 7 yearsEffective 26 Mar 2025View source
Repayment: 3 to 7 years.
Source
— official product page
Page / section
Scheme — Repayment
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
Credit guaranteeCGFMU up to ₹10 lakh; CGTMSE above ₹10 lakhEffective 26 Mar 2025View source
Credit Guarantee: (up to Rs.10 Lac) / (above Rs.10 Lac).
Source
— official product page
Page / section
Scheme — Credit Guarantee
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
EligibilityIndividuals above 18, eligible SHGs, societies, production co-operatives and charitable trusts; only new projects; VIII standard pass required above ₹10 lakh manufacturing or ₹5 lakh business/service project costs; previously subsidized units are excludedEffective 26 Mar 2025View source
Any individual above 18; VIII standard pass thresholds; only new projects; /societies/production co-operatives/charitable trusts eligible; existing subsidized units not eligible.
Source
— official product page
Page / section
Eligibility
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
Required documentsOnline application printout, Detailed Project Report and other required documents submitted to the respective officeEffective 26 Mar 2025View source
Beneficiaries submit the online application, take a printout and submit it with Detailed Project Report and other required documents.
Source
— official product page
Page / section
How to Apply
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageNot published as a turnover or business-vintage threshold on the complete PMEGP page; the page instead limits the scheme to new projects and states the education thresholds for larger projects.Effective 26 Mar 2025View source
The complete page publishes new-project, age and education rules but no turnover or minimum-vintage threshold.
Source
— official product page
Page / section
Complete page review — Eligibility
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
CollateralNot published as a separate collateral-security requirement on the complete PMEGP page; it publishes CGFMU/CGTMSE credit-guarantee routes instead.Effective 26 Mar 2025View source
The page specifies credit-guarantee schemes but does not publish a separate collateral or security requirement.
Source
— official product page
Page / section
Complete page review — Credit Guarantee / Scheme terms
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
Processing / upfront feeNot published on the complete PMEGP page; the page publishes beneficiary contribution, subsidy, pricing, repayment and credit-guarantee terms but no processing-fee amount or percentage.Effective 26 Mar 2025View source
The complete page contains no processing, upfront or documentation-fee figure; only the published contribution/subsidy and loan terms are stated.
Source
— official product page
Page / section
Complete page review — Scheme terms / Fees
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndiaView source
The manually reviewed product record states: “India”.
Source
Prime Minister Employment Generation Programme () — official product page
Page / section
Published product metadata
Accessed
2 Sept 2026
Confidence
high
Open official source ↗
Customer typeIndividuals, self-help groups, societies, production co-operatives and charitable trusts setting up new micro enterprisesView source
The manually reviewed product record states: “Individuals, self-help groups, societies, production co-operatives and charitable trusts setting up new micro enterprises”.
Source
Prime Minister Employment Generation Programme () — official product page
Page / section
Published product metadata
Accessed
2 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Government subsidy of 15%–35% of project cost
  • Project ceiling ₹25 lakh manufacturing and ₹20 lakh business/services on current scheme page
  • 3–7-year repayment
  • guarantee up to ₹10 lakh and above ₹10 lakh

Eligibility

  • Only new projects are considered. Individual applicants must be above 18; at least VIII standard pass applies above ₹10 lakh manufacturing or above ₹5 lakh business/service projects. Existing units that already received government subsidy under another scheme are excluded.

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

Documents the bank lists

  • Online application printout, Detailed Project Report and other required documents must be submitted to the respective office.

Related official documents

PMEGP — official SBI product pageofficial-product-page · current · accessed 2 Sept 2026
↗

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Loan repayment estimate

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One monthly payment₹14,180fourteen thousand one hundred eighty rupees
Interest paid over the full loan₹9,03,175nine lakh three thousand one hundred seventy-five rupees
Everything you repay₹34,03,175thirty-four lakh three thousand one hundred seventy-five rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Purpose · Published termNew self-employment ventures/micro enterprises

This value is copied from — published terms. Check the table notes before relying on it.

Source: — official product page · Objective, Scheme, Eligibility and How to Apply Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 9 rows · 2 columnsPMEGP — published termsTerms published on SBI's official PMEGP page.View tableHide table

Scroll sideways to view every column

PMEGP — published terms
ItemPublished term
PurposeNew self-employment ventures/micro enterprises
Project ceiling₹25 lakh manufacturing; ₹20 lakh business/service; upgradation manufacturing ₹1 crore
ContributionGeneral 10%; special category 5%
Subsidy15%–35% of project cost through KVIC/KVIB
Pricing + 3.25%; page states 12.15% p.a. from 15 February 2025
Repayment3–7 years
Guarantee up to ₹10 lakh; above ₹10 lakh
EligibilityIndividuals >18, /societies/co-operatives/trusts; new projects only; education thresholds
ApplicationOnline form printout, Detailed Project Report and other documents
  • Last updated on the page: 26 March 2025.
— official product page · Objective, Scheme, Eligibility and How to Apply · accessed 2 Sept 2026Open official source ↗

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