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…
Category: Finance
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…
Powering up Electric Vehicle Adoption: A Potential Boost through Priority Sector Lending
Government is thinking about making it easier for people and businesses to buy electric vehicles (EVs). They want to do this by including EVs in Priority Sector Lending (PSL) guidelines. These PSL rules make banks give a certain amount of…
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…
Sebi tightens mutual fund remuneration disclosure norms
With an aim to bring in greater transparency in dealings of mutual funds (MFs), markets regulator Sebi today asked MF houses to disclose to investors the remuneration of employees earning Rs 1 crore in a financial year. Share on: whatsapp
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…