PMEGP Loan: Eligibility, Interest Rates, Documentation & Benefits

Hero Fincorp29 Jul, 2022Finance

The Prime Minister?s Employment Generation Programme (PMEGP) was launched in 2008. It is basically a credit-linked subsidy scheme resulting from the merger of the earlier Rural Employment Generation Programme (REGP) and Prime Minister?s Rojgar Yojana (PMRY). The key objective of PMEGP is to boost employment opportunities in rural and urban regions by establishing micro-enterprises with government subsidy. Here is what else you should know about the PMEGP scheme.