PMEGP loan apply online/how to get loan under PMEGP/pmegp loan process 2024/business loan in telugu

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.
website link:
www.kviconline...
Documentation:
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
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.
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