Tag: Government loan

Rate of interest for PMEGP scheme loan

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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…

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Who can get PMEGP Subsidy Loan

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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…

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Subsidy amount available under PMEGP Scheme

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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,…

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PMEGP Loan Scheme and Eligibility

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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…

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