Docuemnts Required for PMEGP Loan

This scheme can be considered as a merger of the old employment opportunity generation schemes of Prime Minister Rozgar Yojana (PMRY) and Rural Employment Generation Programme (REGP)

The merger of these schemes resulted in setting up of micro enterprises which has increased the employment opportunities in India. PMEGP scheme is established and controlled by the Ministry of Micro, Small and Medium Enterprises (MoMSME).

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In order to apply for this scheme the applicant should follow with particular systematically procedure:

  • Detailed project report
  • Caste certificate, or any other relevant document from a competent authority, which shows that the applicant is eligible for a PMEGP loan under one of the specific applicant categories
  • A claim to a subsidy to which they are eligible
  • In the case of society or an institution, a certified certificate copy of the bylaws is also needed
  • The cost of the land cannot be included in the project cost
  • In case there is no need for any working capital, then approval of such breakup I required from the regional officer or controller of the bank branch
  • 10% of the project cost should comprise the applicant’s own contribution for general category, whether section 5% of the project cost should be one’s own contribution
  • Legal documents of the property where the enterprise is going to be the startup
  • Other general documents like PAN, ID and address proof
  • Special category certificate
  • Rural area certificate
  • Educational/ skills development certificate

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