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Prime Minister Employment Generation Programme (PMEGP) is a credit scheme implemented by Khadi and Village Industries Commission (KVIC) and backed by Government of India. Under this programme, beneficiaries willing to set up new projects can avail a subsidy of 15-35% of the project cost. The basic objective of this scheme was to boost employment in rural and urban areas so as to enhance the income earning capacity of those who stand unemployed.

E-tax offers complete assistance for those seeking PMEGP credit. For offering a hassle-free smooth experience to our borrowing clients, we match up all the requirements contained in PMEGP scheme. In order to comprehend the scheme in all possible ways, our support covers all aspects of application, evaluation, sanction, processing and disbursal of loans.

Eligibility for a PMEGP loan
  • Individual whose age is above 18 years
  • Individual who has passed at least the 8th standard, in case the project cost’s above Rs. 10 lakh for manufacturing sector, or Rs. 5 lakh for service sector
  • Self Help Groups who have not obtained benefits from another scheme
  • Institutions registered under the Societies Registration Act,1860
  • Production Co-operative Societies
  • Charitable Trusts

Pre-requisite Documents for PMEGP Lloan
  • KYC documents of the applicant like Aadhaar, PAN, etc
  • Certified copy of the bye-laws, wherever necessary
  • Project report disclosing capital expenditure and working capital component of cost
  • Certified copy of caste/community/special category certificate
  • Education/ Skill Development Training/ EDP Certificate
  • Authorization letter

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