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Project + bank + agency · subsidy is not cash in hand
New micro unit under PMEGP
A bank-financed micro project under current PMEGP rules, with subsidy only if the agency and the bank both release it. We will not sell a free government loan.
Indicative ticket
As per scheme project cost – As per current PMEGP cap
Tenure
As per bank product
Security
As per scheme / bank; often collateral-light in notified bands
Category
Government schemes
Government schemes
KVIC / KVIB / DIC channel for new micro manufacturing and service units — bank credit plus subsidy process as per current PMEGP circulars.
Bank-financed new micro project under PMEGP guidelines, with subsidy as per current circulars. Not a free grant in the pocket — bank still underwrites.
The file usually needs a project cost, own contribution, and a viable activity under current PMEGP guidelines. The bank still underwrites. Subsidy, if released, follows the implementing agency and lender process.
We will not sell PMEGP as a ‘government free loan’. If a regular MSME term loan or CGTMSE-style file fits better for a running unit, we say so.
Quotations, shed/rent plan and working-capital inside the project cost must add up. Inflated machinery quotes are a common rejection reason.
Category claims (special category, area) need matching certificates. Current caps and contribution rates change with circulars — we check the live grid before promising a structure.
If the activity is not on the current list, this page is the wrong door. If you cannot show margin, the file is theatre. A regular machinery or WC loan may be faster and more honest.
Timeline of subsidy credit, exact rupee of subsidy, or sanction. Those sit with the bank and the agency. Our job is whether PMEGP is even the lane.
The implementing agency is part of the path. Activity lists and own contribution are the other two gates. If the activity is not on the current list, a regular machinery or WC loan is faster and more honest than a PMEGP theatre file.
Subsidy is not cash in the pocket on day one. Bank credit still underwrites. A running unit asking for a top-up dressed as PMEGP does not belong on this page.
Unlike a small first-limit WC file, this is project-and-subsidy architecture with own contribution. Unlike a regular MSME term loan, activity lists and implementing agencies (KVIC / KVIB / DIC) sit on the path. Unlike CGTMSE, the headline is subsidy, not guarantee.
Typical desk timeline: 6–12 weeks including agency channel
Create your MSME desk account or log in. Tell us city, Udyam band, turnover range and the purpose of funds in one clear sentence. Consent is recorded before any lender share.
Activity, location, margin and project cost are checked against current KVIC/state guidelines. Running units may not fit — regular MSME is offered instead.
Cost sheet, quotations and category. File moves through designated bank and agency process — not a instant online sanction.
Promoter KYC, Udyam, GST, banking and purpose papers are listed product-wise. You upload once to the vault; we tell you what is missing before the file goes to credit.
The file moves to a partner bank, NBFC or HFC that matches your profile. Queries on GST vs banking, end-use or security are coordinated with you — we do not promise sanction from this website.
If approved, you receive the lender’s sanction with rate, tenure, security and covenants in writing. Read processing, insurance and prepayment clauses before signing — they vary by institution.
Bank sanctions first; subsidy follows agency rules after milestones. We do not promise subsidy amount or timing on this website.
Quick apply for PMEGP Loan without creating an account — or login if you want vault KYC and status tracking on your desk.
No. Subsidy depends on scheme rules, the implementing agency and the bank’s sanction. We do not promise it on this website.
PMEGP is aimed at new units under current rules. Running firms usually need regular MSME term / WC products instead.
No. Typical flow is bank finance first; subsidy follows the notified claim and release process. Treat subsidy as contingent.
Figures are indicative. Not an offer. Sanction, rate and security rest with the bank, NBFC or HFC. Scheme names are not a website promise.
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