Who can apply for PMEGP loans?

Who can apply for PMEGP loans?

1Answer

Here is a list of persons who can apply for PMEGP loan –

  • Any individual who is above 18 years of age.
  • The person should have passed at least the 8th standard for a manufacturing sector project costing above Rs.10 lakh, and a business/service sector costing above Rs. 5 lakh.
  • Self Help Groups [SHG] (even those falling under BPL provided that the SHG has not obtained benefits from another scheme)
  • Institutions registered under the Societies Registration Act,1860
  • Production Co-operative Societies
  • Charitable Trusts
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