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Prime Minister Employment Generation Programme (PMEGP)
To generate employment opportunities in rural as well as urban areas through setting up of self-employment ventures. To provide continuous and sustainable employment to a large segment of traditional and prospective artisans and unemployed youth, so as to help arrest migration of rural youth to urban areas.
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Scope
- The scheme is applicable to all viable (technically as well as economically) projects in rural as well as urban areas, under micro enterprises sector.
- The maximum cost of the project admissible under manufacturing sector is Rs.50 lakhs and business/services sector is Rs.20 lakhs.
- Only one person from family is eligible for obtaining financial assistance under the scheme.
- Assistance under the scheme is available only for new projects.
- The assistance under the scheme will not be available to activities indicated in the negative list under the scheme.