The PM Employment Generation Programme (PMEGP) is a scheme by the Ministry of MSME to support unemployed youth and artisans in establishing micro-enterprises. It provides a credit-linked subsidy ranging from 15% to 35% on project costs, with a focus on manufacturing and service sectors.
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Check eligibility — freePMEGP is available to Private Limited, LLP, One Person Company, Proprietorship, Partnership Firm companies at the Idea Stage, Pre-Revenue, Early Stage (Revenue < ₹1Cr) stage, across all Indian states (nationwide).
PMEGP provides up to ₹50.0L. Most applicants receive around ₹30.0L.
The typical processing time from submission to disbursement is 7–12 weeks.
Yes, PMEGP is currently active and accepting applications. Application window: Open year-round.
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Information is based on publicly available scheme guidelines. Last verified 19 May 2026. Always verify with official sources before applying.