PMEGP loan has a limit that can be sanctioned for different businesses. The PMEGP (Prime Ministers Employment Generation Programme) is a financial scheme that provides financial support to the MSMEs to expand, or stabilize their existing business. This loan is also given to individuals to start a new business.Financial support is very helpful while starting your new business or managing your existing business. The margin money, in simple words, is a subsidy that the government provides.The PMEGP scheme is managed by the Khadi and Village Industries Commission KVIC ). The interest rate for a PMEGP loan is 11% to 12% p.a.

Source: Economic Times November 20, 2021 17:48 UTC