Apply PMEGP Loan Online 2024 – Indian government has released a very good scheme for the citizens. This scheme is for those who are thinking of starting their business. The name of this scheme is Apply PMEGP Loan Online. Through this scheme, citizens will be given financial assistance so that they can start their own business. If you also want to apply for PMEGP loan, then you can go to its official website, the link of which is https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp. In this article you will get complete information about this program including Highlights, Objectives, Benefits and Features Eligibility Criteria ,Required Documents, Application Procedure for PMEGP Loan Online etc.
Apply PMEGP Loan Online 2024
Prime Minister’s Employment Generation Program (PMEGP) is being centrally controlled by the Ministry of Micro Small and Medium Enterprises. If we talk about the national level, then this scheme is being run by the Khadi and Village Industries Commission and at the state level, this scheme is being run by the State KVIC Directoatesr, State Khadi and Village Industries Boards, District Industries Centers and coir boards. Under which Indian citizens will be given financial assistance up to Rs 25 lakh to start their own business. This money will be deposited directly into the applicant’s bank account.
Highlights of PMEGP Loan Online
| Name of the scheme | PMEGP LOAN ONLINE |
| Launched by | Government of India |
| objective | Providing loans to citizens to start their own business |
| Beneficiaries | Small Scale and Medium Scale Business Owner |
| benefit | Financial assistance amount Rs 25 lakh |
| Mode of Transfer | DBT (Direct Benefit Transfer) |
| Form of Benefits | Financial aid |
| hosting site | NIC (National Informatics Center) |
| Mode of Application | ONLINE |
| official website | https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp |
PM Awas Yojana Beneficiary List 2024
Objectives of PMEGP Loan Online
Some of the objectives of PMEGP Loan Online Scheme are as follows:
- For those who want to start their own business, PMEGP Loan provides financial help to those people.
- This creates the opportunity for appointments in rural and urban areas, which makes it easier to open a new business and make your own employment.
- There will be financial growth of craft persons through this scheme.
- This scheme is a very good way to increase employments in rural as well as in urban areas.
- Through this scheme, such people are given the opportunity to make their own employment who do not have any employment.
Benefits and Features of PMEGP Loan Online
Following are the benefits and features of PMEGP Loan Online:
- Employment is being promoted through this scheme.
- People who want to do their own business will be helped financially through this scheme.
- It is planned to provide under PMEGP Loan Scheme 2024 ,₹25 lakh to Indian citizen.
- This leads to financial growth of craft persons and employment rate in urban areas is being boosted.
- The money received from this scheme will be transferred to your bank account.
PMEGP Loan Interest Rate
- Depending on the account loan applied by the applicant, interest rates ranging from 11 to 12 percent will be charged on the loan.
Duration of PMEGP Loan
- Depending on the loan applied by the applicant, your loan amount will be disbursed in a period of 3 to 7 years.
Eligibility Criteria
To apply for PMEGP loan online, you have to fulfill some of the eligibility criteria which are as follows:
- Applicant must be an Indian citizen.
- Any citizen across the country can apply for it.
- The applicant must be 18 years or above.
- You do not need any education qualification to apply in this. If you are asking for Rs 10 lakh, For Manufacturing ,If you are asking for ₹500000 For Service Sector.
- If you are asking for ₹ 500000 for service sector and ₹ 10 lakh for manufacturing sector then you should have at least 8th class education qualification.
- Institutions registered under Societies Registration Act 1860
- Self Help Group
- charitable trust
- Production Cooperative Societies
- For this you should not apply for any government subsidy under any other government scheme.
Required Document
To apply for this scheme you must have some required documents:
- Caste Certificate
- PAN Card
- Aadhar Card
- Proof of Identity and Deal with the Applicant
- 8th Class Pass Certificate
- Special Category Certificate If Important
- EDP Certificate of Training Academic and Technical Path Certificate IF AnY
- Passport Size Photograph
Application Procedure for PMEGP Loan Online
If you are applying for PMEGP loan online then you can follow the steps given below.
- First go to its official website at https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp.
- On the home page you will get the option of “Application for New Unit”.
- After this, a new page will open in front of you on which you have to fill all the details correctly.
- Attach all the other documents along with this form.
- After this click on the option of “save application data” and your process will be completed.