About Prime Minister’s Employment Generation Programme:
- It is a central sector scheme launched in in 2008.
- It is a credit-linked subsidy scheme administered by the Ministry of Micro, Small, and Medium Enterprises (MSME).
- It aims to create self-employment opportunities for first-generation entrepreneurs and promote sustainable livelihoods in the manufacturing and services sectors, especially in rural areas.
- Implemented By: The scheme is implemented by the Khadi and Village Industries Commission
- Eligibility for Prime Minister’s Employment Generation Programme:
- Any individual above 18 years of age is eligible.
- There will be no income ceiling for assistance for setting up projects under PMEGP.
- Beneficiaries should possess at least VIII standard pass educational qualification for setting up of projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business/service sector.
- Self Help Groups(including those belonging to BPL provided that they have not availed benefits under any other Scheme), institutions registered under the Societies Registration Act, 1860, Production Co-operative Societies, and, Charitable Trusts are also eligible for assistance under PMEGP.
- Existing units that have already availed government subsidy under any other scheme of the Government of India or State Government are not eligible.
