PMEGP Union Bank of India

Hi I would like to have the details of the Prime Ministers Employment Generation Program (PMEGP) through the Union Bank of India?

[sumit]

the details of the Prime Ministers Employment Generation Program (PMEGP) through the Union Bank of India is as follows:

Prime Ministers Employment Generation Program (PMEGP)

Year of Commencement

- 2008-2009

Objective

- To produce business openings in provincial and additionally urban zones of the nation through setting up of new independent work wanders/ventures/smaller scale endeavors particularly to an extensive fragment of conventional and forthcoming artisans and rustic and urban unemployed youth in the nation.

Qualification

~ Any person over 18 years old and also Self Help Groups (SHGs) if they have not profited benefits under whatever other conspire.
~ No pay roof for help for setting up undertakings under PMEGP.
~ The recipients ought to be atleast Vilith Std. leave for setting behind extend costing above Rs.10.00 lacs in the assembling area and above Rs.5.00 lacs in the business/benefit part.

Credit sum

- Maximum Loan upto Rs.10.00 lacs for Business/Service Sector.
Rs.25.00 lacs for assembling area.
The credit sum will be the rest of the segment of the venture, a great many deducting the permissible capital appropriation.

Edge Money

10.00%for General class
5.00%for Special class (counting SC/ST/aBC/Minc,rities/Women,
Ex-servicemen, Physically Handicapped, North East Region, Hill and Outskirt regions and so on.

Endowment

General classification : 15%for urban ranges
25~~for provincial ranges
Extraordinary classification 25%for urban zones
35%for provincial ranges
Endowment will be back finished.

Nodal Agency

Khadi and Village Industries Commission (KVIC)is the single Nodal Agency
at the National level.

At the State level, the plan will be executed through State
Directorates of KVle, State Khadi and Village Industries Boards (KVIBs)
what's more, District Industries Centers in provincial and semi urban zones with populace not surpassing 20,000 (as characterized in KVICAct).