From 2008 onwards the PMEGP loan scheme is there in our country. Those who availed MUDRA loan and PMEGP and also if you are repaying the loan properly, then you are eligible for getting another loan up to 1 crore.

Exiting isn’t? MUDRA and PMEGP are two prominent MSME loan scheme available in India and millions of MSME has taken it up and become a beneficiary of the same. So basically these loans are for the entrepreneurs to kick start the business. But the 2nd phase of MUDRA & PMEGP is for helping established entrepreneurs to flourish better. Just have a look at the eligibility criteria. Along with the loan, you may also get a subsidy of up to 15%. So just have a look at the eligibility criteria and benefits of the scheme.

What are the Eligibility Criteria?
  • The enterprise should be exponentially increasing its revenue and running in profit for
  • the past 3 years
  • The enterprise should not be a defaulter in previous loan amounts
  • Enterprises should generate employment opportunities during expansion
  • The manufacturing industry can avail of a loan of up to 1 crore
  • Service industry & trading can avail loan up to 25 lakhs
  • The manufacturing industry is eligible for subsidy up to 15 lakhs
  • The service and trading industry is eligible for subsidies up to 3.75 lakhs
What are the Documents required?

You need to fill up the application form from http://kviconline.gov.in and discuss the possibility with the District Industrial Center (DIC). Need to submit the audited balance sheet and profitability statement of the past 3 years, KYC documents, and a project report for your business with the projected balance sheet and other financial statements.

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