Can a ₹50 Lakh PMEGP Project Be Collateral-Free? CGTMSE Explained
A PMEGP manufacturing project of up to ₹50 lakh may be financed without additional collateral when the bank approves the facility under CGTMSE. However, collateral-free finance is not automatic. The lender must find the project viable, sanction the loan and obtain the applicable guarantee cover. A ₹50 lakh PMEGP manufacturing project can potentially be financed […]
PMEGP Subsidy 2026: Rates, Calculation, Own Contribution and Lock-In
Quick answer: PMEGP subsidy ranges from 15% to 35% of the eligible project cost. It is not paid as cash to the applicant. It is kept with the bank during the three-year lock-in period and may later be adjusted against the loan after successful verification and compliance. The exact PMEGP subsidy rate depends on the […]
PMEGP Loan Eligibility: Individual, Age, Education, Family and Business Rules
Before applying for a PMEGP loan, it is important to check whether you and your proposed business meet the scheme rules. Under the normal new-unit route, PMEGP assistance is mainly available to an eligible individual who is above 18 years of age and wants to start a new micro-enterprise. However, age is not the only […]
PMEGP Loan 2026: Eligibility, ₹50 Lakh Project Cost, 35% Subsidy and Application Process
A PMEGP loan can help an eligible individual start a new manufacturing or service business with bank finance, government margin-money subsidy and, where approved by the lender, collateral-free support through CGTMSE. The maximum project cost eligible for subsidy is ₹50 lakh for manufacturing and ₹20 lakh for business or service activities. The subsidy ranges from […]