PMEGP Bank of India

I want to apply for Prime Minister’s Employment Generating Programme (PMEGP) of Central Bank of India so can you please provide me?

[Shaleen]

Central Bank of India is a government-owned bank. It is one of the oldest and largest commercial banks in India. It is based in Mumbai, Maharashtra.

Prime Minister’s Employment Generation Programme (PMEGP)

Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy programme is credit linked Scheme of Govt. of India by merging erstwhile REGP and PMRY scheme.

Purpose :

To generate employment opportunities in Rural and Urban areas through setting up of new self-employment ventures / projects / micro enterprises

To increase the wage earning capacity of unemployed youth

Eligibility :

VIII Std. pass required for project above Rs.10.00Lac in manufacturing and above Rs.5.00Lac for Service Sector.

Self Help Groups and Charitable Trusts

Individuals above 18 years of age

Institutions Registered under Societies Registration Act-1860.

Production based Co-operative Societies.

No income ceiling for setting up of projects.

Assistance under the scheme is available only to new units to be established.

Existing units or units already availed any Govt. subsidy either under State / Central Govt. Schemes are not eligible.