Good news to Unemployed youth, for the year 2020 PMEGP Subsidy Loan Registration begins. PMEGP Online application is available at kviconline portal…
PMEGP means Pradhan Mantri Employment Generation Program. This program object is empowering unemployed youth by giving Subsidy loans to starts industries and business. PMEGP controlled by MSME of Govt of India. This PMEGP scheme maintained by KVIC behalf of Government of India. MSME and KVIC jointly monitor the scheme bank linkage.
In state-level, KVIC and KVIB monitor the scheme and in Districts District Industries centre DIC assist the youth in getting PMEGP loans. In manufacturing section up to 10 lakh, in Bussiness section up to 5lakh subsidy will issue.
90% bank finance available to all projects and its 95% to reserved category candidates. For rural section, industries will get more subsidy than Urban section units. But the maximum cost of the unit is 25 lakh, the loan needs to repay in 4 to 7 years from the date of issue. Initially 6 months loan moratorium available to the applicant.
PMEGP Loan Registration Prosess
If you are willing to apply PMEGP subsidy loan to start Industries, first meet your nearest IPO (Industries Promotion Officer) office. Discuss with your unit project report. He will direct you on how to prepare project reports and other documents preparation. After complete preparation of project documents meet again IPO. He checks your project details. later Apply online for PMEGP at KVIC web portal for getting project approval.
PMEGP online Application at www.kviconline.gov.in
- First, visit https://www.kviconline.gov.in/ web portal
- Open PMEGP online application link
- It’s prompt you to select PMEGP e-portal select it
- Select online application for Individual
- Fill the application form carefully along with Aadhaar Number
- Fill your detail without errors and fill the location of your proposed unit and your training experience details also in application.
Submit the application form online take a print copy with your self. DIC will call you for an interview in the selective schedule as per Bankers loan availability. Best of Luck.