PMEGP Loan Application

Vijay Tech & Business Solutions provides expert PMEGP Loan Application services to aspiring entrepreneurs. We assist in preparing documentation, ensuring compliance, and navigating the application process, enabling you to secure funding for your business and achieve your entrepreneurial goals with ease.

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Unlock Funding for Your Business with Our Expert PMEGP Loan Application Services

At Vijay Tech & Business Solutions, we specialize in PMEGP Loan Application services, empowering entrepreneurs to access financial support for their business ventures. The Prime Minister’s Employment Generation Programme (PMEGP) aims to promote self-employment and small enterprises. Our expert team guides you through the entire application process, from assessing your eligibility to preparing and submitting the necessary documentation. We ensure compliance with all requirements, significantly enhancing your chances of approval. With our assistance, you can focus on developing your business plan while we handle the complexities of securing funding, helping you turn your entrepreneurial dreams into reality.

Eligibility For PMEGP new enterprises (Units)

1. Any individual, above 18 years of age
2. There will be no income ceiling for assistance for setting up projects under PMEGP.
3. For setting up of project costing above Rs.10 lakh in the Manufacturing sector and above Rs. 5 lakhs in the Service/ Business sector, the beneficiaries should possess at least VIII standard pass educational qualification.
4. Assistance under the scheme is available only for new viable projects sanctioned specifically under the PMEGP.
5. Existing Units and the units that have already availed any Government Subsidy (under PMRY, REGP, PMEGP,CMEGP or any other scheme of Government of India or State Government) are not eligible.
6. Projects without Capital Expenditure (Term Loan) are not eligible.
7. Cost of Land can not be covered under the project cost.
8. All Implementing Agencies (KVIC, KVIB, DIC and Coir Board) can process applications in both rural as well as urban areas.
9. Applicant should possess valid Aadhaar Number.
10. Applicant shall give his/her consent to authenticate demographic details such as Aadhaar number, Name, Gender, Date of Birth and Mobile number from UIDAI server.

Doccumentation

Scanned Documents (Upto 1 MB) required for online application are:

1. Passport Size Photo
2. Highest Educational Qualification
3. Project Report Summary/ Detailed Project Report
4. Social/ Special Category Certificate, if applicable
5. Rural area certificate if applicable

PMEGP Loan Application Steps

Steps for Online Application

1. Check your eligibility
2. Validate/ Authenticate Aadhaar details online
3. Generation of User ID and Password that shall be sent through SMS to the registered mobile number of the applicant.
4. Login to PMEGP portal to fill further details
5. Upload the required documents
6. Fill up the Score Card and verify details
7. Final Submission
Applicant can track the status of application form submission till final disbursement and adjustment of MM subsidy.