Question
What is the maximum loan limit under PMEGP for
manufacturing businesses?Solution
The maximum cost of the project/unit admissible in manufacturing sector is â‚ą 50 lakh and in the business/service sector, it is â‚ą 20 lakh. PMEGP is a major credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector. The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks.
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