Category: Finance

Rate of interest for PMEGP scheme loan

Inter­est Rates, Repay­ment Sched­ule, and RBI’s Role in PMEGP Scheme The Prime Min­is­ter’s Employ­ment Gen­er­a­tion Pro­gramme (PMEGP) is a vital ini­tia­tive by the Gov­ern­ment of India that encour­ages entre­pre­neur­ship and self-employ­­ment. While the eli­gi­bil­i­ty cri­te­ria for ben­e­fi­cia­ries are cru­cial, understanding…

Who can get PMEGP Subsidy Loan

Eli­gi­bil­i­ty Con­di­tions for Ben­e­fi­cia­ries under PMEGP Scheme The Prime Min­is­ter’s Employ­ment Gen­er­a­tion Pro­gramme (PMEGP) is a flag­ship ini­tia­tive of the Gov­ern­ment of India aimed at pro­mot­ing self-employ­­ment and entre­pre­neur­ship among indi­vid­u­als. The scheme focus­es on pro­vid­ing finan­cial assis­tance for setting…

Subsidy amount available under PMEGP Scheme

Lev­els of fund­ing under PMEGP Cat­e­gories of ben­e­fi­cia­ries  Ben­e­fi­cia­ries con­tri­bu­tion (of project cost) Rate of sub­sidy of project cost Area (loca­tion of project/unit) Urban Rur­al Gen­er­al Cat­e­go­ry 10% 15% 25% Spe­cial (includ­ing SC / ST / 05% 25% 35%OBC /Minorities/Women, Ex-servicemen,…

Businesses that are Not Allowed in PMEGP Loan

Activ­i­ties Not Allowed in PMEGP: What You Need to Know Intro­duc­tion:The Prime Min­is­ter’s Employ­ment Gen­er­a­tion Pro­gramme (PMEGP) is a spe­cial plan to help peo­ple start small busi­ness­es in India. But there are some things you can’t do under this plan. These…

PMEGP Loan Scheme and Eligibility

Empow­er­ing Employ­ment and Entre­pre­neur­ship: Prime Min­is­ter’s Employ­ment Gen­er­a­tion Pro­gramme (PMEGP) The Gov­ern­ment of India has tak­en a sig­nif­i­cant step towards fos­ter­ing employ­ment oppor­tu­ni­ties and entre­pre­neur­ship by intro­duc­ing the Prime Min­is­ter’s Employ­ment Gen­er­a­tion Pro­gramme (PMEGP). This ini­tia­tive merges two pre­vi­ous­ly operational…

RBi’s Direction on Peer to Peer Lending Platforms

What is Peer to Peer Lend­ing Plat form: Peer-to-peer lend­ing (P2P lend­ing) is also known as Crowd Lend­ing. Its is a way of prac­tice of lend­ing mon­ey to indi­vid­u­als or busi­ness­es most­ly through online ser­vices that match lenders with bor­row­ers. Its basi­cal­ly a match making…

What is Escrow Agent

Escrow Agent is a trust­ed third-par­­ty which holds an asset or doc­u­ment on behalf of a first-par­­ty for deliv­ery to ben­e­fi­cia­ry after a spec­i­fied time frame or upon the occur­rence of a con­di­tion or event spec­i­fied in the escrow agree­ment. Share…

What is an Escrow Account

An escrow account is a tem­po­rary pass through account held by a third par­ty dur­ing the process of a trans­ac­tion between two par­ties. Def­i­n­i­tion: An escrow account is a tem­po­rary pass through account held by a third par­ty dur­ing the…