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Prime Minister Employment Generation Programme ()

Apply for Employment Generation Programme & enjoy its benefits, including low-interest loans & subsidies. Visit to know more about scheme details, loan status & registration procedures.

Project cost eligible for subsidyFirst loan: project cost up to ₹50 lakh in manufacturing and ₹20 lakh in business/services. Second loan for upgrading an existing PMEGP/REGP/MUDRA unit: up to ₹1 crore manufacturing and ₹25 lakh business/services.RateThe PMEGP page states that interest is charged as applicable to the MSE sector. The current BOB MSME rate page publishes MSE limit-band pricing: up to ₹25 lakh, micro and small loans use BRLLR + SP with spreads of 0%–2.35% for micro and 2.00%–2.50% for small, depending on the limit band; above ₹25 lakh, the CMR and hard-security matrix applies. BRLLR is 7.90% p.a. w.e.f. 6 December 2025; the sanctioned project, rating and security determine the final rate.Customer typeEligible micro, small and medium enterprises
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Quick eligibility check

Prime Minister Employment Generation Programme ()

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Individuals above 18 years establishing new viable micro-enterprise projects in rural or urban areas?

Published source: Eligibility

2Do you meet this requirement: Applicants must have passed VIII standard for projects above ₹10 lakh in manufacturing or above ₹5 lakh in business/services?

Published source: Eligibility

3Do you meet this requirement: Only one person per family is eligible?

Published source: Eligibility

4Do you meet this requirement: existing units and units already subsidised under another government scheme are excluded for a new loan?

Published source: Eligibility

5Do you meet this requirement: it links to bank agreements and the KVIC website for complete scheme details?

Published source: Documents

6Document checkDo you have this required document or proof: No PMEGP application-document checklist is published on the reviewed page?

Published source: Documents
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 11 Sept 2026 · active
Prime Minister Employment Generation Programme (PMEGP) official banner
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

EligibilityIndividuals above 18 years establishing new viable micro-enterprise projects in rural or urban areas. Applicants must have passed VIII standard for projects above ₹10 lakh in manufacturing or above ₹5 lakh in business/services. Only one person per family is eligible; existing units and units already subsidised under another government scheme are excluded for a new loan.View source
The official page publishes age, education, new-project, family and prior-subsidy conditions.
Source
Prime Minister Employment Generation Programme ()
Page / section
Eligibility / Scope / Eligible Entrepreneurs
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Project cost eligible for subsidyFirst loan: project cost up to ₹50 lakh in manufacturing and ₹20 lakh in business/services. Second loan for upgrading an existing PMEGP/REGP/MUDRA unit: up to ₹1 crore manufacturing and ₹25 lakh business/services.View source
The official scope section publishes first- and second-loan project-cost ceilings.
Source
Prime Minister Employment Generation Programme ()
Page / section
Scope / Subsidy Entitlement
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
KVIC subsidy and contributionBank finance is 90% for general-category beneficiaries and 95% for special-category beneficiaries. KVIC margin-money subsidy is 15% urban/25% rural for general category and 25% urban/35% rural for special category; promoter contribution is 10% general and 5% special.View source
The official finance table publishes bank-finance, KVIC-subsidy and promoter-contribution percentages.
Source
Prime Minister Employment Generation Programme ()
Page / section
Subsidy Entitlement and Bank Finance
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
SecurityAssets created out of bank finance and personal guarantee of proprietor/promoter are security. No collateral security is required up to ₹10 lakh; eligible units are covered under CGTMSE excluding the margin-money/subsidy component.View source
The official security section publishes the ₹10 lakh collateral-free threshold and treatment.
Source
Prime Minister Employment Generation Programme ()
Page / section
Security
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
RepaymentRepayment is 3–7 years with an initial moratorium of up to 6 months. Interest is charged as applicable to the MSE sector.View source
The official charges section publishes the repayment range and moratorium.
Source
Prime Minister Employment Generation Programme ()
Page / section
Interest Rate and Charges
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Turnover / vintageNo turnover or business-vintage threshold is published. The scheme covers viable new micro-enterprise projects in rural or urban areas; existing units are excluded for a new loan.View source
The scope states the scheme is for viable projects under the micro-enterprises sector and the note excludes existing units; no turnover number appears.
Source
Prime Minister Employment Generation Programme () — official Bank of Baroda page
Page / section
Scope; Note
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
RateThe PMEGP page states that interest is charged as applicable to the MSE sector. The current BOB MSME rate page publishes MSE limit-band pricing: up to ₹25 lakh, micro and small loans use BRLLR + SP with spreads of 0%–2.35% for micro and 2.00%–2.50% for small, depending on the limit band; above ₹25 lakh, the CMR and hard-security matrix applies. BRLLR is 7.90% p.a. w.e.f. 6 December 2025; the sanctioned project, rating and security determine the final rate.Effective 6 Dec 2025View source
The page explicitly routes pricing to the sector; the current rate matrix supplies the published formulas.
Source
Loan Interest Rates — Bank of Baroda current rate matrix
Page / section
Regulatory / limit-band table; context
Accessed
11 Sept 2026
Confidence
high
Open official source ↗
FeesThe page provides no PMEGP-specific processing-fee amount or percentage; it directs applicants to the bank's service-charge information.View source
The page says “To know more about service charges Click Here” but gives no product-specific processing charge.
Source
Prime Minister Employment Generation Programme () — official Bank of Baroda page
Page / section
Interest Rate and Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
DocumentsNo PMEGP application-document checklist is published on the reviewed page; it links to bank agreements and the KVIC website for complete scheme details.View source
The complete page was reviewed; it offers bank-agreement downloads and a KVIC link but no applicant-document checklist.
Source
Prime Minister Employment Generation Programme () — official Bank of Baroda page
Page / section
Security; scheme links
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsIndividuals above 18 years establishing new viable micro-enterprise projects in rural or urban areas. Applicants must have passed VIII standard for projects above ₹10 lakh in manufacturing or above ₹5 lakh in business/services. Only one person per family is eligible; existing units and units already subsidised under another government scheme are excluded for a new loan.View source
The manually reviewed product record states: “Individuals above 18 years establishing new viable micro-enterprise projects in rural or urban areas. Applicants must have passed VIII standard for projects above ₹10 lakh in manufacturing or above ₹5 lakh in business/services. Only one person per family is eligible; existing units and units already subsidised under another government scheme are excluded for a new loan.”.
Source
Prime Minister Employment Generation Programme () — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗
Customer typeEligible micro, small and medium enterprisesView source
The manually reviewed product record states: “Eligible micro, small and medium enterprises”.
Source
Prime Minister Employment Generation Programme () — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗

Eligibility

  • Individuals above 18 years establishing new viable micro-enterprise projects in rural or urban areas. Applicants must have passed VIII standard for projects above ₹10 lakh in manufacturing or above ₹5 lakh in business/services. Only one person per family is eligible
  • existing units and units already subsidised under another government scheme are excluded for a new loan.

Passing a listed condition does not mean the bank will approve an application.

Related official documents

MSME Loan Interest Rates — Bank of Baroda current rate matrixofficial-rate-page · current · accessed 11 Sept 2026
↗
Prime Minister Employment Generation Programme — Bank of Baroda current product pageofficial-product-page · current · accessed 11 Sept 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹13,066thirteen thousand sixty-six rupees
Interest paid over the full loan₹6,35,755six lakh thirty-five thousand seven hundred fifty-five rupees
Everything you repay₹31,35,755thirty-one lakh thirty-five thousand seven hundred fifty-five rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

General category beneficiary/institution · Bank finance90%

This value is copied from bank finance, subsidy and promoter contribution. Check the table notes before relying on it.

Source: Prime Minister Employment Generation Programme — Bank of Baroda current product page · Subsidy Entitlement and Bank Finance Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 2 rows · 5 columnsPMEGP bank finance, subsidy and promoter contributionPublished percentages differ by beneficiary category and rural/urban location.View tableHide table

Scroll sideways to view every column

PMEGP bank finance, subsidy and promoter contribution
Beneficiary categoryBank financeUrban subsidyRural subsidyPromoter contribution
General category beneficiary/institution90%15%25%10%
Special category beneficiary/institution95%25%35%5%
Prime Minister Employment Generation Programme — Bank of Baroda current product page · Subsidy Entitlement and Bank Finance · accessed 11 Sept 2026Open official source ↗

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