PMEGP Loan - Apply Online in Andhra Pradesh and Telangana
Starting a new business requires a capital for infrastructure and marketing through online and offline areas. But small-scale entrepreneurs were unable to aquire capital for their business get difficult and hard to sustain with lower capital . For those people Prime Minister’s Employment Generation Programme (PMEGP) gives the boost and support to those small scale entreprenuers. It is designed to help individuals set up micro-enterprises in both rural and urban areas.
If you are looking to secure the funding for manufacturing units or service based business , have a look on this scheme and utilize this opportunity to reduce the financial burden through this government subsidy..
What is the PMEGP Scheme?
The PMEGP(Prime Minister's Employment Generation Programme) is a central sector - scheme , handeled and administrated by the Ministry of Micro , small and Medium Enterprises (MSME).
The project costs limit allow up to :
- ₹ 50 Lakhs for Manufacturing setups
- ₹ 20 Lakhs for service sector business
PMEGP Loan Eligibility Criteria
Below is the Eligible criteria list to apply for this scheme. and click the visit site button to check eligibility.
- Age limit : The applicant must be a minimum age of 18 years and there is no upper age limit mentioned.
- Educational Qualification : The applicant must have passed at least 8th standard to secure the manufacturing projects costing over ₹10 lakhs and service projects over ₹5lakhs.
- Eligible Groups :
• SHG's(Self Help Groups)
• Co-operative societies
• Charitable Trusts
• Individual entrepreneurs
PMEGP Subsidy Structure in Andhra Pradesh
Below shows the subsidy structure pays by the government .
| Category of Beneficiary | Beneficiary's Contribution | Subsidy Rate (Urban) | Subsidy Rate (Rural) |
|---|---|---|---|
| General Category | 10% of project cost | 15% | 25% |
| Special Category (SC/ST/OBC/Minorities, Women, Ex-servicemen) | 5% of project cost | 25% | 35% |
Note : A beneficiary's contribution refers to the upfront financial investment or share of a project's cost that the applicant or recipient must pay out-of-pocket as an investment .
Step-by-Step process for applying PMEGP Scheme
Below process shows the step by step process to apply for PMEGP scheme through online with clear idea..
Step 1 : Registration Process
1. Open the official umang official website
2. Click on link " Application form for individual " for individual applicants
3. Enter your 12 digit Aadhaar Card Number and validate it with OTP for your registered mobile number .
4. Fill the details of personal details , including Category and gender.
5. Select the implementing agency in Andhra Pradesh or Telangana based on where your unit is located and complete the registration with your business activity , location address and target branch bank in Ap or Telangana
Step 2 : Uploading Documents
Scan and upload the following required documents directly to the portal:
1. Detailed Project Report (DPR) - Explaining your business models and cost estimation
2. Passport-sized photograph.
3. Caste Certificate (if eligible for special category subsidy).
4. Educational certificate (To confirm qualification on or above 8th standard).
5. Rural Area Certificate - signed by the local Gram Panchayat (if your project is in a rural area).
Step 3 : Verification and Submission
1. Review all fields with careful attention and hit the Submit button , if your are confident with the input fileds as coorect.
2. Then after unique Application ID will be generated and Print a hard copy of your records..
3. The selected agency (like the local DIC office in your AP or TG district) will verify your documents and forward the application to the respective bank for final loan approval.
Frequently asked Questions (FAQ's)
1. Which types of businesses are strictly prohibited or not eligible under the PMEGP scheme?
Business like meat processing, slaughter houses, general retail shops, agricultural cultivation projects alcohol and tobacco would not get the loan approval under PMEGP scheme and they are not eligible for it.. But agro-processing industries that add value to raw crops are fully eligible.
2. Is it mandatory to complete EDP training to get the PMEGP loan subsidy?
Yes. Completing Entrepreneurship Development Programme (EDP) training is a mandatory requirement before your subsidy can be officially released by the bank.
3. Can two members of the same family apply for a PMEGP loan separately?
No. Under the official guidelines, only one person per family is eligible to receive financial assistance under the scheme.
