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How to Apply for PMEGP Loan Up to ₹50 Lakh 2026

PMEGP loan up to ₹50L (mfg) / ₹20L (services) with 15-35% subsidy. New ventures.

📁 Schemes ⏱️ 30-45 mins 💰 Free Application

About This Guide

PMEGP credit-linked subsidy for new micro/small enterprises. KVIC implements. Mfg up to ₹50L, service ₹20L. Subsidy 15-35% by category/area. Beneficiary 5-10%. Bank loan rest.

Eligibility Criteria

Indian citizen 18+
8th pass for projects above ₹10L mfg/₹5L service
No prior PMEGP/PMRY
New enterprise only

Documents Required

Keep these documents ready before starting application. Missing documents = delayed approval.

Aadhaar, PAN, Voter ID
Address proof
Educational qualification
Caste certificate
Project report
Equipment quotations
Land/premises documents
Bank statements

Step-by-Step Application Process

Follow these steps in order. Each step is critical - skip none.

Visit Portal

kviconline.gov.in/pmegpeportal.

Mobile OTP.

Choose Agency

KVIC, KVIB, or DIC.

Fill Application

Personal, education, family, project category, cost, location.

Project Report

Detailed: description, market, machinery, projections, employment.

Upload Documents

PDF max 2MB each.

Choose Bank

PSU/Private/RRB.

Submit

Acknowledgment with reference.

EDP Training

5-7 days at empanelled center. Free.

Approval

Agency → Bank → DLTFC. 60-90 days.

Disbursement

In tranches. You contribute 5-10%.

Subsidy

After 3-year successful operation.

Key Benefits

Loan ₹50L mfg / ₹20L service
Subsidy 15-35%
Beneficiary 5-10%
EDP training free
Tenure 3-7 years
Tax benefits
Marketing support

What Happens After Application?

60-90 days approval. EDP mandatory. After 3 years, subsidy released. Default = subsidy clawed back.

Frequently Asked Questions

PMEGP vs Mudra?

PMEGP: New only, larger loan, subsidy 15-35%, EDP training. Mudra: Existing/new, up to ₹10L, no subsidy, faster.