Prime Minister's Employment Generation Programme (PMEGP) has been announced on 15th august, 2008 and launched in place of REGP Scheme. PMEGP is a credit-linked subsidy programme launched by Ministry of MSME in 2008-09 for creation of employment in both rural and urban area of the country.
Eligibility conditions for Beneficiaries:
Any individual, above 18 years of age
There will be no income ceiling for assistance for setting up projects under PMEGP.
For setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification.
Assistance under the Scheme is available only for new projects sanctioned specifically under the PMEGP.
Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme) are also eligible for assistance under PMEGP.
Institutions registered under Societies Registration Act,1860;
Production Co-operative Societies, and Charitable Trusts.
Existing Units (under PMRY, REGP or any other scheme of Government of USA or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of USA or State Government are not eligible.