PMEGP Loan Yojana 2024: if you want to start your own business but you do not have so much money, then we have brought great news for you today, a new scheme Prime Minister’s Employment Generation Program (PMEGP Aadhar card loan) has been started by the government, under which loans ranging from Rs 20 lakh to Rs 50 lakh were made available by the government to start a business Going.
If you do not have information about the PMEGP scheme then you do not need to worry because through this article we will give you complete information about the PMEGP loan Aadhar card loan Online Application. Now you can easily start any of your new business by taking a PMEGP loan. The most important thing about this scheme is that you are also being provided a subsidy by the government it.
PMEGP Loan Yojana 2024 Overview
If you are also an unemployed youth and you want to start your own business, then you can get a loan of up to Rs 50 lakh under the PMEGP loan scheme launched by the government.
| Topic | PMEGP Loan Yojana |
| Aim of Govt | Support to start a business |
| Scheme | PMEGP |
| Loan Upto | Rs 20 lakh to Rs 50 lakh |
| Loan Based On | Aadhaar Card |
If you take a loan under this scheme, then a subsidy of 15% to 35% will be provided by the government in the PMEGP loan.
What is the eligibility for PMEGP Loan Scheme
If you want to take advantage of the PMEGP Loan Scheme, then you have to keep the following eligibility in mind –
- The applicant must be above 18 years of age to take advantage of the PMEGP scheme.
- To apply for this scheme, the educational qualification of the applicant should be at least eighth pass.
- There is no income limit to take advantage of this scheme.
- Societies, self-help groups, charitable trusts, societies, production cooperative societies, business owners and entrepreneurs registered under 1860 can take a PMEGP loan.
- Businesses that are getting the benefit of subsidy under any other scheme will not get the benefit of this scheme.
What are the documents required to apply for PMEGP loan
To apply under PMEGP i.e. Prime Minister’s Employment Generation Program, you will also need some documents which are as follows –
- Aadhar Card
- PAN Card
- Application Form
- Residence certificate
- Eighth pass certificate
- Project Report
- Other documents required by the bank or loan institution
- Certificate of Entrepreneurship Development Programme Training
- Mobile Number and Email ID
- Passport size photograph
PMEGP Loan Scheme Online Apply | How to apply for PMEGP loan
If you want to get a loan under the PMEGP loan scheme, then you can apply online for it. The complete procedure to apply through online mode is given below –
- To apply PMEGP Loan online, first of all, you have to open the official website of Khadi and Village Industries Commission.
- After opening the official website, you have to click on the option of PMEGP under Online Application.
- As soon as you click on PMEGP, the page of PM Employment Generation Program Scheme will open in front of you.
- Here you have to click on the Apply button. After this, the application form will open on a new page.
- Now you have to fill all the information asked in this application form carefully.
- When you fill this form completely, after that you have to tick on the declaration form and click on Save Application Data.
- After clicking, your application will be submitted and you will get a user ID and password.
Subsidy under PMEGP Scheme
Under the Prime Minister’s Employment Generation Scheme (PMEGP), the beneficiary applicant is given subsidy by the government, this subsidy is given 35% in rural areas and 25% for urban areas. Under this scheme, loans are given with very few formalities. The applicant can apply for a loan of 2 lakh to 10 lakh rupees under this loan.
In this way, by following all the steps mentioned above, you can easily get a loan by applying under the PMEGP Loan Scheme 2024. If you liked this information, then share it with your other friends too.
