|
Eligibility
|
Only For New Entrepreneurs
|
|
Eligible Entities
|
Business
owners, Entrepreneurs MSMEs, & Self Help Groups (SHGs)
|
|
Eligibility
|
i)
This scheme is eligible for new project.
Existing/Old units are not eligible.
ii)
Units registered under MSME (Udyam
Adhar).
iii)
Only one person from one family is eligible.
(Family included Self and her spouse).
|
|
Age Criteria
|
Above 18 years
|
|
Educational Qualification
|
Minimum 8th Pass std.
|
|
Maximum project Cost
|
Rs. 50 lakh for Manufacturing Unit
Rs. 20 lakh for Service Unit
|
|
Loan period
|
3 to 7 years.
|
|
Margin
|
|
Category
|
Margin
|
|
General Category
|
10%
|
|
Special(SC/ST/OBC/Minorities/Women)/Ex-servicemen,
physically handicapped Etc)
|
5%
|
|
|
Subsidy on Project
|
From 15% to 35%
|
|
Subsidy :
|
|
Category
|
Urban
|
Rural
|
|
General
Category
|
15%
|
25%
|
|
Special
(SC/ST/OBC/Minorities/Women)/Ex-servicemen, physically
handicapped Etc)
|
25%
|
35%
|
|
|
Interest Rate
|
|
Loan Amount
|
ROI
|
|
Upto Rs
25.00 lacs
|
10.50%
(1% Rebate Applicable)
|
|
Above Rs 25.00 lacs
|
12.50%
|
|
|
Processing Fee
|
1.00% on
sanction amount.
|
|
Other
Conditions
|
·
After receiving the Margin money (Subsidy) it
should be kept in the form of Term Deposit for three years.
·
No interest will be paid on the TDR and no
interest will be charged on loan to loan up to the extent of TDR amount.
·
After completion of three years TDR amount will
be transferred/credited to term loan account.
·
If unit is closed before completion of three
years subsidy amount will be refunded/ remitted to the KVIC.
·
In case the account becomes NPA within three
years period, due to reasons, beyond the control of the beneficiary, the
margin money (subsidy) will be adjusted / credited in loan account.
·
In case of action for recovery is taken, such
recovery will be utilised for liquidation of outstanding loan. Any surplus
will be remitted to KVIC.
|
|
Bank
Finance
|
·
For manufacturing units, working capital (CC)
should not be more than 40% of the project cost.
·
For service/Trading sector, working capital (CC)
should not be more than 60% of the project cost.
·
Projects without Capital Expenditure are not
eligible for financing under the scheme.
·
Cost of land should not be included in the
project cost.
|
|
Negative List
|
|
S No
|
Category
/ Industry / Activity
|
|
1.
|
Any industry/business connected with Meat
(slaughtered), i.e. processing and/or serving items made of it as food,
production / manufacturing.
- Sale
of intoxicant items like Beedi/Pan/Cigar/Cigarette etc.
- Hotel
or Dhaba or sales outlet which serves liquor, preparation and /or
producing tobacco as raw materials, tapping of toddy for sale.
|
|
2.
|
- Manufacturing
of less than Seventy five micron thickness polythene carry bags.
- Carry
bags or containers manufactured out of recycled plastic.
- Any
other item which causes environmental problems.
|
|
3.
|
- Industries
such as processing of Pashmina Wool.
- Other
products like hand spinning and hand weaving, which takes advantage of
Khadi Programme under the purview of Certification Rules and availing
sales rebates.
|
|
4.
|
|
|
5.
|
- Cultivation
of crops/plantation like Rubber, Tea, Coffee, etc.
- Sericulture
(Cocoon rearing), Horticulture, Floriculture, Animal Husbandry like
Pisciculture, Piggery, Poultry, Harvester machines etc. are not
eligible under PMEGP.
|
|
6.
|
- Activities
prohibited by local Government/ Authorities keeping in view
environment or socio economic factors will not be allowed.
|
|
