{"id":8462,"count":1,"description":"

Many new entrepreneurs<\/a> and small business owners often ask which loan offers a 35% subsidy<\/strong> under Indian government schemes. This subsidy is a part of the Prime Minister\u2019s Employment Generation Programme (PMEGP)<\/strong>, designed to support micro and small enterprises<\/strong> by reducing their initial financial burden.<\/p>\r\n

The PMEGP loan<\/strong> provides up to 35% subsidy<\/strong> for eligible entrepreneurs belonging to rural areas<\/strong> and special categories<\/strong> such as women, SC\/ST, OBC, minorities, ex-servicemen, and people from hill and border regions. For general category entrepreneurs in urban areas, the subsidy is around 15\u201325%. The remaining loan amount is financed by banks under normal lending procedures.<\/p>\r\n

Under this scheme, entrepreneurs can apply through KVIC, KVIB, or DIC<\/strong> to set up new manufacturing or service units. The project cost limit is \u20b925 lakh for manufacturing and \u20b910 lakh for service sectors. Once the project is approved and the bank sanctions the loan, the subsidy is credited directly to the borrower\u2019s loan account<\/strong> after a lock-in period.<\/p>\r\n

Checklist for applying under PMEGP:<\/strong>
\u2022 Aadhaar card and PAN card of the applicant
\u2022 Project report with cost estimation
\u2022 Caste or community certificate (if applicable)
\u2022 Educational qualification proof
\u2022 Bank account and business plan details
\u2022 Online application through the PMEGP portal<\/p>\r\n

\u2753 Is PMEGP available for existing businesses?<\/em>
\ud83d\udc49 No, it is available only for new ventures.<\/p>\r\n

\u2753 What is the repayment period for PMEGP loans?<\/em>
\ud83d\udc49 Typically between 3 to 7 years<\/strong>, depending on the project and bank norms.<\/p>\r\n

\u2753 Is collateral required for PMEGP loans?<\/em>
\ud83d\udc49 Not required for projects up to \u20b910 lakh under the CGTMSE coverage<\/strong>.<\/p>\r\n

Want to start your dream business with a 35% government subsidy<\/strong>?
FilingPoint.com<\/strong> helps you prepare the PMEGP project report<\/strong>, business registration<\/a>, and bank documentation \u2013 all in one place.
Start your journey today with a Free Consultation<\/strong> from our experts.<\/p>","link":"https:\/\/filingpoint.com\/consultants\/india\/which-loan-has-35-subsidy\/","name":"Which loan has 35% subsidy?","slug":"which-loan-has-35-subsidy","taxonomy":"post_tag","meta":[],"yoast_head":"\nWhich loan has 35% subsidy? - Best Company Registration | Tax Filing Services in Chennai, India<\/title>\n<meta name=\"description\" content=\"Call Filing Point 72999-72500. The Best Company Registration, GST, ROC Filing Consultants. Which loan has 35% subsidy? in Chennai, Karaikudi, and Coimbatore\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/filingpoint.com\/consultants\/india\/which-loan-has-35-subsidy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which loan has 35% subsidy? 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