Welcome to our guide for PMEGP scheme, which empowers aspiring entrepreneurs with financial support.
What will you get?
Kickstart your entrepreneurial dreams with the Prime Minister’s Employment Generation Programme (PMEGP) a transformative scheme designed to empower individuals with financial support and guidance to build their own businesses. Whether you’re a budding entrepreneur or looking to expand your venture, PMEGP provides the perfect launchpad to turn your ideas into reality.
For aspiring business owners in Kashmir, this scheme is a golden opportunity to establish or scale up their ventures in sectors like handicrafts, tourism, saffron farming, and food processing. With financial assistance and government subsidies, PMEGP enables Kashmiri entrepreneurs to create sustainable businesses that contribute to the region’s economy. Don't miss this chance to bring your business vision to life with JKStartup360’s expert guidance on PMEGP applications and compliance.
The Prime Minister’s Employment Generation Programme (PMEGP) is a flagship initiative by the Government of India aimed at fostering entrepreneurship and generating self-employment opportunities. Implemented by the Ministry of Micro, Small & Medium Enterprises (MSME), this credit-linked subsidy scheme provides financial assistance to individuals and groups for setting up new micro-enterprises in both urban and rural areas.
The primary purpose of PMEGP is to create sustainable employment by promoting small businesses, reducing regional imbalances, and empowering individuals to contribute to the nation's economic development through self-reliance.
Offers a subsidy of 15% to 35% on project costs based on location and applicant category.
Offers loans of up to ₹50 lakh for manufacturing units and ₹20 lakh for service units.
Promotes self-employment opportunities in both rural and urban areas.
Focuses on supporting new ventures by individuals with innovative business ideas.
Applicants must be at least 18 years old.
For projects costing above ₹10 lakh in the manufacturing sector or ₹5 lakh in the service sector, the applicant must have at least passed the 8th standard.
Self-Help Groups.
Cooperative Societies.
Charitable Trusts.
Registered Institutions under Societies Registration Act, 1860.
Namblabal Pampore
Near J&K Bank,
Jammu and Kashmir,192121
+91-7051410360
contact@jkstartup360.com
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