PMEGP provides credit-linked subsidy for setting up micro-enterprises in non-farm sector. Merged REGP and PMRY into one programme in 2008. Subsidy: 15-35% for general; 25-35% for SC/ST/women/minorities. Maximum project cost: ₹50 lakh (manufacturing), ₹20 lakh (service). 9.9 lakh+ units since inception; 79.4 lakh jobs.
Target Beneficiaries: Micro-entrepreneurs; 9.9 lakh+ units; 79.4 lakh employed; SC/ST/women priority
2132
Funding Ratio (Centre:State): Subsidy: General (15% Urban, 25% Rural); Special (25% Urban, 35% Rural)
GS Paper: GS3
Syllabus Tags
Launched in 2008 by merging Prime Minister's Rozgar Yojana (PMRY) and Rural Employment Generation Programme (REGP).
Financial assistance for expansion/upgrading of existing units with subsidy up to Rs 1 crore (Manufacturing).
Metric
9.5 Lakh persons
Source: Ministry of MSME
Metric
Over 90,000 units
Source: KVIC
PMEGP is a flagship credit-linked subsidy scheme that has successfully fostered grassroots entrepreneurship, especially in rural areas. By merging REGP and PMRY, it simplified the institutional framework for micro-enterprise support. Its strength lies in its high subsidy rates for marginalized sections. However, the scheme often faces bottlenecks in the banking sector, including high rejection rates of applications and delays in sanctioning loans. Furthermore, the long-term sustainability of these micro-enterprises (avoiding 'infant mortality') remains a concern without adequate market linkage support.
Evaluate the role of the Prime Minister’s Employment Generation Programme (PMEGP) in promoting self-employment in India’s rural non-farm sector.
Entrepreneurship as a tool for poverty alleviation: PMEGP. Key points: KVIC as nodal agency, 15-35% subsidy, focus on non-farm sector, rural-urban divide. Use in GS3 Economy and GS2 Social Justice.