PMEGP Loan Scheme: A loan scheme has been started by the Central Government for the unemployed youth of the country, in which loans ranging from 10 lakh to 25 lakh rupees are given to unemployed youth.
The central government has started many schemes to provide loans to unemployed youth, one of them is the Prime Minister’s Employment Generation Program Scheme. This scheme has been started by the Central Government for the unemployed youth of the country, so that the youth can get employment. In this scheme, loans are given to the youth, so that they can start their own business by getting financial help. If you are also thinking of doing any business, then you can get employment through this scheme by getting financial help.Also Read: LIC alerts its customers beware of these fake calls know here detail
In such a situation, know how you can take advantage of this scheme. Also know how the loan is available in the scheme and up to how much loan can be taken from the government…
Who gets this loan?
This loan is available to those people who want to start their employment and the age of the applicant should be more than 10 years. It is available to those people who want to do business related to forest, mineral, food, agriculture, engineering, chemical, textile industry (except Khadi), service. Loans are given to those people after submitting the necessary documents from the government. Cooperative institutions and charitable institutions will also get the benefit of this scheme.Also Read: LIC New Jeevan Akshay Pension Plan for Life Time Annuity Benefits
But, under this scheme, loans are given to only those people who want to start a new business. If suppose you already have a business and you want to take a loan to grow that business, then you cannot borrow money through this scheme. If the applicant is already getting the benefit of any other subsidy scheme, in that case also the benefit of this scheme cannot be taken.
subsidy given in the scheme
Under this scheme, unemployed youth of open category will be given 25% subsidy to start industry in rural department and 15% subsidy will be given to start industry in urban department and in this you will have to give 10% money yourself.Also Read: Lic policy bima jyoti deposit rs 737 per month and get 2 lakh after maturity
HOW TO APPLY?
To apply for this scheme, you have to visit the official website. On this home page you will see the option of PMEGP Option. You have to click on this option. Here the option of PMEGP E-Portal will appear. After this you have to click on the option of Online Application Form of Individual. Then the registration form will open. In this, you can apply by giving your personal information, for this you follow the complete process and apply.
