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PMEGP

Prime Minister Employment Generation Programme (PMEGP)

The scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks. In such cases KVIC routes government subsidy through designated banks for eventual disbursal to the beneficiaries The maximum cost of the project/unit admissible in manufacturing sector is ₹ 25 lakhs and in the business/service sector, it is ₹ 10 lakhs. Categories of Beneficiary’s Rate of subsidy under PMEGP (of project cost)Area (location of project/unit) General category 15%(Urban), 25%(Rural), Special 25%(Urban), 35%(Rural)(including SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, NER, Hill and Border areas, etc.)The balance amount of the total project cost will be provided by the banks in the form of term loan and working capital. Any individual, above 18 years of age.

At least VIII standard pass for projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business / service sector. Only new projects are considered for sanction under PMEGP. Self Help Groups (including those belonging to BPL provided that they have not availed benefits under any other Scheme), Institutions registered under Societies Registration Act, 1860; Production Co-operative Societies, and Charitable Trusts are also eligible. he units that have already availed Government Subsidy under any other scheme of Government of India or State Government are NOT eligible.

PMFME

Pradhan Mantri Formalisation of Micro Food Processing Enterprises scheme (PMFME )The Ministry of Food Processing implements this scheme with the aim of supporting the ‘Vocal for Local’ campaign. Under the PMFME scheme, the government will provideA credit-linked capital subsidy of 35% of the eligible project cost (Rs.10 crore) up to a maximum of Rs.3 crore for common infrastructure and capital expenditure of SHGs, FPOs and cooperatives. Applicant should be above 18 years old and possess at least VIII standard pass educational qualification. The PMFME scheme is beneficial for the unorganised food processing sector. The unorganised food processing sectors comprise 25 lakh units

MUDRA

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.

Any Indian Citizen who has a business plan for a non-farm income generating activity such as manufacturing, processing, trading or service sector whose credit need is up to 10 lakh can approach either a Bank, MFI or NBFC for availing of MUDRA loans under PMMY.The scheme facilitates micro credit/Loan up to Rs. 10 lakhs to income generating micro enterprises engaged in the non-farm sector in manufacturing, trading or service sectors including activities allied to agriculture such as poultry, dairy, beekeeping, etc.

UYEGP

The Unemployed Youth Employment Generation Programme (UYEGP) is a flagship scheme introduced by the Micro, Small and Medium Enterprises Department of the Government of Tamil Nadu. Through UYEGP, the TN government aims to wipe out the menace of unemployment in the young population of the economically and socially weaker sections. This would also help prevent mass migration from rural to urban areas to look for better income and tackle problems arising from unemployment.

The subsidy provided by the state government generally amounts to 25% of the project cost of starting a manufacturing, services, or business enterprise. The loan amount may range from up to 90% to 95% of the cost of the project The promoters contribute 10% and 5% of the loan if you belong to the Special and General Category, respectively

The maximum project cost for trading/business projects may go up to ₹15 Lakhs The promoters contribute 10% and 5% of the loan if you belong to the Special and General Category, respectively The maximum project cost for trading/business projects may go up to ₹15 Lakhs

In order to avail of this facility, you need to fulfill the UYEGP scheme eligibility requirements You should have cleared 8th standard, You should be unemployed, You should not have availed of a loan or subsidy from other government schemes (State or Central),Your age should be between 18-35, 45 if you are from special categories, The project cost should be in accordance with the guideline, between ₹15 Lakhs to ₹5 Lakhs, depending on the project type

NEEDS

The New Entrepreneur cum Enterprise Development Scheme (NEEDS) is a subsidy scheme provided by the Directorate of Industries and Commerce, Government of Tamil Nadu to encourage and support new and young entrepreneurs, Scheme aims at providing interest subsidy and capital subsidy to educated youth to start a new business. Under this scheme around 1000 entrepreneurs will be trained each year and 50 % of them would be women. the eligibility for applying needs scheme are Minimum – 21 years ,Maximum – 35 years for General Category Entrepreneurs, Maximum – 45 years for Special Category Entrepreneurs (Women / SC / ST / BC / MBC / Minorities / the applicant should have the minimum educational qualification of Degree, Diploma, ITI / Vocational Training from recognized Institutions)

Only individuals are eligible under this scheme, and partnerships can apply only if all partners in the firm are eligible under the scheme, training under the scheme will be provided only to authorized partners. Margin norms for partnership firms are to be satisfied by partners also. The subsidy is limited to 25 % of the project cost, subject to the maximum amount of 25 lakhs, , A minimum investment of 10 lakhs and a total project value below 5 cores will be given priority., A 3 % interest subsidy will be provided by the state government directly to the bank. For project cost up to 50 lakhs subsidies will be provided in 2 installments and for those above 50 lakhs.

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