Purpose

To generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures/projects/micro enterprises.

Quantum

For Individual Handloom Weaver/ Handloom entrepreneur/SHG/JLG:
Max. exposure up to Rs. 2,00,000/- per borrower entity under the scheme.
For Handloom Organization/ Handloom producer companies/ SPV or consortia promoted by Handloom weavers in mega cluster/ Handloom parks, etc.
Max. exposure up to Rs. 10,00,000/- per borrower entity under the scheme

CGTMSE Coverage

Eligible units to be covered.

Margin

Categories of beneficiaries under PMEGP (for setting up of new enterprises)	Beneficiary’s Contribution (of project cost)	Rate of Subsidy (of project cost)
Beneficiary’s Contribution (of project cost)		Urban	Rural
General Category	10%	15%	25%
Special Category (including SC, ST, OBC, Minorities, Women, Ex-Servicemen, Transgender, Differently-abled, NER, Aspirational Districts, Hill etc.	5%	25%	35%

Processing Charges

As per extant guidelines of the Bank.

Repayment

3 to 7 years with an initial moratorium not exceeding 6 (six) months.

Security

Primary Security: Assets created out of Bank Finance.

Repayment

2021-22 to 2025-26

For Manufacturing units	Min: Rs.1 lakh Max: up to Rs.50 lakhs
For Service units	Min: Rs.1 lakh Max: up to Rs.25 lakhs.

The project cost is the sum of the capital cost and the working capital.
The value of plant and machinery/equipment used in the project is the capital cost. The cost of the land will not be included under the project and the investment in the building should not exceed 100% of the machine/equipment cost.

Interested beneficiaries for training under the scheme will be able to get 12-day entrepreneurship development training through online training module.
However, it is not mandatory to undergo the entrepreneurship development training for applying for interest subvention and/or CGTMSE premium reimbursement etc.

Local residents of Madhya Pradesh state only
Age: 18 to 40 years
Education qualification: Minimum XIIth class Pass
Income criteria:

I. Self/Family Income Should not exceed 12.00 Lacs per annum

II. Family Means
- Applicant Himself/herself and parents (in case Applicant is unmarried)
- Husband /Wife and children (in case Applicant is married) (No restriction on age of the dependent and unmarried children)
- If the family of the applicant is Income tax payer, then previous 3 years ITRs shall be enclosed with the application.
All the business which are eligible under Manufacturing/Service/Retail trade for Coverage under CGTSME Guarantee Scheme.
Others:
- The applicant should not be a defaulter with any Banks/FI/MFUNBFC/SFB/PACS etc.
- Applicant, at present should not be a beneficiary of any self-employment Scheme of Central/State Government.
- Applicant will be eligible for assistance under this scheme only once.
As per scheme Guidelines Partnership firms are also eligible, provided all the partners qualify the Scheme guidelines. Assistance to the partners will be given on the basis Scheme Guidelines, if found eligible.

31.03.2025 (subject to performance review of the scheme as on 30.09.2024)

Customer Identification proof along with NF998 MSME application.
Address Proof of unit and promoters.
License/permissions.
Financial papers for the last 3 years with ITR and projections.
Details of Guarantor with proof of assets.
Stock Statement.

As per extant guidelines of the Bank.

Penal interest of 0.25%/0.50% may be chargeable as the case may be, from previous sanction to current renewal period, in case of lesser turnover routed through the account.
Agree to pay penal interest at 2% for overdrawn portion, in case of delayed regularization of the limit.