CMEGP-LOAN

CMEGP LOAN

Applying for CMEGP Loan? Trust only experts!

Under CMEGP Loan scheme, Government provides a subsidy on loan for the rural entrepreneurs to start a new business.

Call +91 8989977769Contact Us
To Get Your CMEGP Loan
Enter Your Mail Adderess

Introduction of CMEGP Loan – The Chief Minister Self Employment Scheme (CMEGP) was launched by the government to encourage self-employment in the state. In accordance with the CMEGP Programme, the government offers rural entrepreneurs a financial subsidy to launch a new company.

 

Benefits And Features Of
The Chief Minister Employment Generation Programme

  • The Chief Minister Employment Generation Programme has been started by the government.
  • In essence, it is a CMEGP Loan scheme of credit-linked subsidies for the creation of employment prospects.
  • By establishing micro and small businesses in both urban and rural areas of the state, these employment opportunities will be created.
  • A  CMEGP Loan scheme will be used to provide the subsidy, and it will go through the directorate of industries before reaching the chosen Bank.
  • This plan will lead to the establishment of new self-employment businesses.

Other Eligibility Conditions Under CMEGP -

  • The project’s cost shouldn’t include the cost of the land.
  • Long-term leasing or rental costs for a shed, workshop, or gala may be added to the project budget, but only if they are computed pro rata over a three-year period.
  • The cost of the project will consist of capital expenses and one round of working capital. 
  • Projects without a capital outlay are ineligible for financing under the plan.
  • All new, viable micro- and small-business ventures, including village industries, are eligible for assistance under the program. 
  • 20% of the annual objective will be reserved for SC and ST applicants.
  • 30% of the annual target will be set aside for female applicants.
  • According to the social welfare department’s regulations, applicants who are differently abled will receive a 3% reserve.
  • For help under a particular category, you must submit a certified copy of the necessary documentation.
  • It is necessary to produce a certified copy of the self-help group’s registration.
 

Project Unit

Under the CMEGP Loan Self Employment Scheme (CMEGP), the maximum project cost allowed is Rs.50.00 lakhs per unit.

Project-Unit
Project-Report

Project Report

Capital Expenditure CMEGP Loan, one working capital cycle The general category entrepreneur must contribute 10% of the project cost, while the SC/ST/OBC/Minorities/Women, Ex-servicemen, and Physically Disabled category entrepreneur must contribute 5% of the project cost.

What To Do?

Project Report

Bank Loan

Subsidy CMEGP

Call +918989977769Contact Us

Documents For CMEGP Loan

The following documents are required when applying for a CMEGP loan:

  • Detailed project report (DPR)
  • Recent passport photograph
  • Educational qualifications
  • Age proof
  • Voter ID/Ration Card
  • EDP training certificate
  • Rural certificate for the proposed unit
  • Ex-servicemen certificate
  • Permission from Gram Panchayat
  • Caste Certificate in case of SC, ST, OBC, MIN
  • Physically handicapped certificate
  • List of machinery to be purchased
Documents-CMEGP

Objective Of Chief Minister Employment Generation Programme

The Chief Minister Employment Generation Programme’s (CMEGP) major goal is to create 1 lac micro and small businesses in the following five years. In addition, this plan will result in the creation of employment possibilities. For the first fiscal year, 8 to 10 lakhs young people will get employment. The industrial directorate will give the agencies district-by-district goals in order to meet this goal. The goal would be distributed based on factors including population, unemployment, resource availability, impending technology, and district backwardness.