Name of the scheme
Prime Minister’s Employment Generation Programme (PMEGP)
About the Scheme
The Government of India, have merged Rural Employment Generation Programme ( REGP) with Prime Minister Rozgar Yojana (PMRY) and introduced a new scheme called Prime Minister Employment Generation Programme (PMEGP) w.e.f.01.04.2008 (As such PMRY scheme is closed).
i) To generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures / projects / micro enterprises.
ii) To bring together widely dispersed traditional artisans /rural and urban unemployed youth and give them self-employment opportunities to the extent possible, at their place.
Purpose of Loan
For setting up of eligible viable activities underPrime Minister Employment Generation Programme (PMEGP) scheme.
Nature of Credit Facility
Term loan & Cash Credit facility.
Eligibility Conditionof Beneficiaries
and Nature of Financial Assistance :
The details of Beneficiaries contribution and rate of subsidy are as under :
Maximum cost of project :
(i)The maximum cost of the project/unit admissible under manufacturing sectors is Rs. 25 lakh.
(ii) The maximum cost of the project/unit admissible under business / service sector isRs.10 lakh.
All the branches of Dena Bank.
Any person interested to avail loan under the said scheme may contact nearest branch for further details.