We have been receiving lots of queries from our readers about Prime Minister’s Employment Generation Programme (PMEGP). Some of the frequently asked questions are answered here.
- Q: I’m in the business of readymade garments, hosiery goods, other articles of clothing and clothing accessories such as gloves, ties, braces etc. Whether I’m eligible for loan under PMEGP?
Reply: You are not eligible for loan under PMEGP. The financial assistance is provided only to the first generation entrepreneurs in the form of margin money.
- Q : What is the last date for applying to loan under PMEGP scheme?
Reply: The State/Divisional Directors of KVIC in consultation with KVIB and Director of Industries of respective states (for DICs) will give advertisements locally through print & electronic media inviting applications at periodical intervals along with project proposals from prospective beneficiaries. The scheme will also be advertised /publicized through the Panchayati Raj Institutions which will also assist in the identification of beneficiaries.
- Q: Can you tell me on what basis should I choose the sponsoring agency (KVIC/KVIB/DIC)?
Reply: You need not worry about implementing agencies. Online submission of applications for loans under PMEGP is mandatory and no manual applications are allowed w.e.f 01.05.2016
- Q: DLTFC has sanctioned loan on the basis of my loan application. However, the bank is not ready to sanction the approved loan. What shall I do now?
Reply: The final sanction of the project and release of loan is done at the level of concerned Bank. The Bank will appraise the projects and take their own credit decision on the basis of viability of each project. Bank has the discretion either to sanction/decline a loan. In case the bank is declining your application, you may demand the bank to give the reason for declining in writing. If you feel the reason given by the bank is not a valid reason, you may complain the matter to the higher authorities of the bank, ministry, CEO of KVIC, CMDs of the concerned banks, RBI, etc.
- Q: Bank is insisting for collateral security for the loan under PMEGP. Is collateral security compulsory for PMEGP loan?
Reply: Banks may ask security for the loan sanctioned by them. However, no collateral security will be insisted upon by Banks in line with the guidelines of RBI for projects involving loan up to Rs.10 lakh.
- Q: I have received a message from DLTFC that my loan application has been preapproved. What is the next process?
Reply: The final sanction of the project and release of loan is done at the level of concerned Bank. The Bank will appraise the projects and take their own credit decision on the basis of viability of each project on receipt of pre-approved credit proposal from DLTFC. If the loan is sanctioned by the bank it would claim subsidy amount from KVIC. The online claim form will be automatically checked by KVIC for the fulfillment of two conditions (i) the date of release of the first installment is prior to the date of filing of Margin Money subsidy claim and (ii) the amount of the first installment released is more than the Margin Money subsidy amount claimed. KVIC will validate the subsidy claim and upload on to the Nodal Bank portal within 3 working days. Nodal Bank will transfer the Margin Money subsidy claim amount validated by KVIC to the respective financing bank branch within 24 hours of the receipt of validation.
- Q: How DLTFC appraises the loan application?
Reply: DLTFC will appraise the applications on the same methodology as followed by Banks for approval of the loan.
- Q: My proposed unit will be in a rural area. How will I get the population certificate?
Reply: The population records of rural areas are available with the revenue departments of the State/Union Territory. You may contact the revenue department of the jurisdiction where your proposed unit will be set up. You may also check up at Panchayat/Taluk office or KVIC/KBIB office and check up with them where you can get the certificate.
- Q: As a banker, we have to finance Rs. 20 Lakhs in Pmegp scheme. Please tell me how much amount worth of collateral we have to ask?
Reply: The value of the collateral security is insisted usually based upon the type of security. In the case of land and building the market value should be more than 25% to 50% of the loan value, considering the forced sale value of the property which will be less than the market value. Further, there is an element of accumulated interest charged on loan account which has also to be recovered by the bank.
- Q: I need a loan of Rs.25 lakhs. The bank is asking for security for the loan. I’m living in a rented house and don’t have any assets to offer as collateral security. How I will get the loan?
Reply: Banks do not insist for collateral security for loans up to Rs.10 lakh as per RBI guidelines. Since you need a loan of Rs.25 lakhs and you don’t have any security to offer, you may request the bank to consider CGTMSE guarantee for the loan to be released to you. CGTSME guarantee is available for the project beyond Rs.5.00 lakhs and up to Rs.25.00 lakhs. In case bank accepts CGTMSE guarantee you need not provide either any security or third party guarantee. However, you will have to pay a guarantee fee for the guarantee offered by CGTSME.
- Q: Whether the bank will immediately adjust the margin money (subsidy) received from KVIC to term loan account so that borrower can repay the reduced loan amount?
Reply: The margin money (subsidy) received by the bank will keep in special term Deposit account for a period of three years at branch level in the name of the borrower. No interest will be paid on the deposit and no interest will be charged on loan disbursed to the corresponding amount of the deposit. The deposit amount will be returned to the borrower after 3 years if the loan is promptly repaid otherwise same will be adjusted to the loan outstanding.
12. Q: I have applied for PMEGP loan through a finance company. The agent has sent me the approval of loan in PMEGP letterhead. Now he is demanding the deposit of money equivalent to my share of contribution to the project and three EMIs. Can I deposit the money with him?
Reply: KVIC /KVIB /DIC have not engaged any private Party/Agency/ Middlemen/ Franchise etc for promoting or sanctioning of PMEGP Projects or any financial assistance under PMEGP Programme and any potential entrepreneurs/beneficiaries dealing with such agency shall be doing it at their risk and consequences. As per my knowledge you have to apply for a loan online directly to KVIC on their portal. The loan will be approved by DLTFC and is finally sanctioned by the bank under their terms and conditions. Any money to be deposited towards your contribution, same shall be deposited in your bank account in the branch where you are availing a loan. So be careful while dealing with third parties. KVIC also clarified that loan applicants dealing through third parties are doing so at their own risk.
13. Q: What will be the interest rate of pmegp for girls?
Reply: Normal rate of interest is charged by banks to PMEGP loans as applicable to MSME loans. No special concession on interest provided to women beneficiaries.
14. Q: Can I get a loan under PMEGP schemes. I have done all Poultry farming training. Sir, I am eligible or not for this PMEGP schemes?
Reply: The activities like Dairy, sheep/goat rearing, piggery, poultry, etc. are not eligible for PMEGP loans. You may try with NABARD who extend loan support for livestock /animal husbandry development activities.
15. Q: I have applied for a loan of Rs.25 lakhs but I am sanctioned loan of only Rs.10 lakh. How can they reduce my requirement?
Reply: The amount of credit limit approved will be on the basis of the total cost of the project (i.e Cost of equipment plus requirement of one cycle of working capital) less owner’s contribution to the project.
There are On-line Grievance Portal and a Grievance Cell setup by the KVIC, HQ. The Grievance Cell will act upon the on-line complaints within 48 hours and direct the concerned State Officers to take necessary action. Applicant, if not satisfied with the recommendations of the Committee, can file a grievance against such rejection to the GM, DIC or State Director, KVIC of the concerned State, whoever is senior.
16. Q: Is it necessary to utilize the full amount of loan to keep the margin money already credited to the bank?
Reply: The Banks will claim Margin Money (subsidy) on the basis of projections of Capital Expenditure and working capital component shown in the project report and sanction thereof. If the capital expenditure is not fully utilised, when the project is ready for commencement of production, the proportionate amount of subsidy will be refunded back to KVIC. Similarly, Working Capital component should be utilized in such a way that at one point of stage it should touch 100% limit of Cash Credit within three years of lock-in period of Margin Money and not less than 75% utilization of the sanctioned limit. If it does not touch the aforesaid limit, a proportionate amount of the Margin Money (subsidy) is to be recovered by the Bank/Financial Institution and refunded to the KVIC at the end of the third year.
17. Q: My PMEGP Loan was approved for Rs.10 lakh for Paver Block project. I have taken suitable land on 30 years lease for the above purpose. But Bank Manager refused to release the loan as I do not own the land. Please guide.
Reply: There is no such restriction for granting any loan that the unit should be operated on an owned property. However, it is the discretion of the Bank Manager either to sanction or decline the loan based on the viability of the unit assessed by him. Once again convince the manager to sanction the loan. If he is not agreeable to sanction the loan ask him to give the reason in writing for declining the loan. If you are not satisfied with the reason given by the bank Manager, you may complain to the Head Office of the bank/consumer court/RBI/Ministry of Finance (Banking Division), etc.
18. Q: I am eligible for a subsidy of Rs.3.60 lakhs, but my bank has received only Rs.50000/-
Reply: The online claim form submitted by the bank will be automatically checked for the fulfillment of two conditions (i) the date of release of the first installment is prior to the date of filing of Margin Money subsidy claim and (ii) the amount of the first installment released is more than the Margin Money subsidy amount claimed.
The subsidy will be released by KVIC in one installment only. If the first installment is less than the margin money amount, the bank shall pay interest to KVIC on the difference (till such time loan amount becomes equal or exceeds margin money) between loan amounts released and margin money.
19. Q: How many days the preapproval of DLTFC takes to reach the bank?
As per District Level Taskforce committee (DLTFC) procedure, it is expected that within 48 hours or two working days of receipt of application, the nodal officer of KVIC, State KVIB and DIC will interact with you (applicant) personally on telephone or personal meeting and confirm the receipt/ acceptance of the application for preliminary scrutiny. The nodal officer will do all the required correction in the application in consultation/cross checking with you and also provide hand holding to you at every stage. They will appraise the applications on the same methodology as followed by Banks for approval of the loan. The DLTFC Committee will consider each application and make its recommendation on-line. The decision of the DLTFC will be conveyed on-line to the District Implementing Agencies (KVIC/KVIB/DIC) within 3 working days of the meeting electronically. The concerned Agency will within 48 hours of the receipt of a decision of DLTFC forward the recommended application to the concerned Banks. This entire process has to be completed within 45 days of receipt of application online. There shall preferably be no interviews by the DLTFC, however, if considered necessary DLTFC may call the applicant for personal interaction/interview. If the DLTFC does not clear within 45 days, the Banks can appraise the projects on their own. In case of rejection, the reasons for rejection should be clearly conveyed to the applicant.
20.Q: sir plz suggest me any finance company provide this pmegp loan in the online process.
Reply: 27 public sector banks, RRBs, SIDBI, and State Level Task force approved co-operative banks and scheduled commercial banks are the institutions lend loan under PMEGP scheme. Do not approach any other financial institutions /agencies for PMEGP loan.
21. Q: Sir I want to start a new business in the manufacturing sector. I want 25 lakh. Loan. I don’t have collateral.land or house. Pls suggest how I can apply and get the loan And which scheme is useful for me
Reply: Request the bank for CGTMSE guarantee for the loan released by the bank. If CGTMSE guarantee is taken for your loan, no collateral security or guarantees required.
22. Q: Sir, I am from Itanagar Arunachal Pradesh. Please its a humble request to you to help me figure out the scheme. As I can’t find any department regarding the Pmegp loan, there are no concerned authorities out here, and I’m really unable to do the presentation/project. Even though there is a branch visible on KVYC/PMEGPofficial website for Arunachal. Please help me out by providing some link or something so that I can approach. Thanking you
Reply: 27 public sector banks, RRBs, SIDBI, and State Level Task force approved co-operative banks and scheduled commercial banks are the institutions lend loan under PMEGP scheme. Do not approach any other financial institutions /agencies for PMEGP loan. You need not search for any authorities, apply for the loan through on-line to know more click the following link.
23.Q: is it mandatory to approve the project from CA for pmegp?
Reply : No need for a CA for preparing the project report. visit KVIC official website. you will get the readymade format for various types of projects.
24. Q: I am from Assam. We do not have Aaadhar in Assam yet. How can I apply Sir?
Reply: In case no Aadhaar number is available Pan Card of the individual/ Enterprise or operational Bank account number of the institution may be furnished.
For details click the following link
25. Q: Hello Sir. I am willing to start a gaming arena (family entertainment center). Will this be approved under PMGEP scheme? Plz, suggest.
reply; As per KVIC guidelines, PMEGP is applicable to all new viable micro ventures except activities indicated in the negative list of village industries. The proposed business does not come under negative list.
26. Q: Whether I and wife take PMEGP loan separately?
Reply: Only one person from one family is eligible for obtaining financial assistance for setting up of projects under PMEGP. thefamily includes self and spouce.
Related article: “Bank finance under PMEGP scheme”
Disclaimer: This article is only for general information. The scheme rules/guidelines may be changed by the Government from time to time. The clarifications or interpretations if any available from DIC, KVIC, KVIB are final. The author of this article is not responsible for the mistakes, errors, ambiguity, inconsistency, discrepancy, doubts or quality of ithe nformation provided in this article.
Sir under Regp loan scheme we observed that first disbursement is only 50000 for 360000 subsidy. So I want to know if the customer get the benefit of subsidy only after disbursement of Rs.360000. Till then the principal outstanding doesn’t get affected by subsidy. Please clarify
The online claim form submitted by the bank will be automatically checked for the fulfillment of two conditions (i) the date of release of first installment is priort to the date of filing of Margin Money subsidy claim and (ii) the amount of first installment released is more than the Margin Money subsidy amount claimed.
The subsidy will be released by KVIC in one instalment only. Ifthe first installment is less than the margin money amount, the bank shall pay interest to KVIC on the difference (till such time loan amount becomes equal or exceeds margin money) between loan amounts released and margin money.
Sir DIC has forwaded my proposal to bank on date 12 june .
Till daate have complete all query but bank does not given me saction latter. After march they giving me saction latter after march then their is problem or not
The loan is preapproved for the present financial year by DIC within the budgettary target. I’m not sure whether the bank can sanction loan in the next financial year based on the present approval. Please talk to DIC officials and express your difficulties.
Hello Sir,
I was applied PMEGP loan in July 2017 to set up new unit of Computerised Advertising, Printing & Publishing. After 4 months DLTFC Team approved it and forwarded to the bank. Bank also kept pending for 2 months as saying the application was not received or not able to view the application. After followup and complaining to PMEGP, Bank HO & PG Portal as per your guidance into your website. PMEGP official given reply to me that the Bank has kept pending this application and not seen yet. Again i lodge the complaint to the PG Portal and now the bank was taken my application in process. before 2-3 days the Dy. Manager has been inspected our projected unit and told me that they are sanction the loan only for the equipment and not able to finance for working capital. we can provide finance only for the computer set, not for the softwares included into the project report. Our all the work depends on the softwares and its cost around Rs. 5 – 6 lacks. I was already invested Rs. 3 lacks into unit premises Sec. Deposit, Rent (July 2017 – Jan 2018) & office infrastructure. As per the model project given on PMEGP website we made the same and also approved by DLTFC Team but now bank has refuse this model project report to do the finance such kind of things like working capital, wages, salaries & administrative expenses etc. What can i do now? Already this process wasted my lots of time? Please guide me what to do now? Thank you.
I’m sharing following link please go through the same.
https://bankingschool.co.in/loans-and-advances/pmegp-frequently-asked-questions/
Please read my article at following link
https://bankingschool.co.in/loans-and-advances/pmegp-frequently-asked-questions/
Roi on pmegp
Rate of interest on pmegp and MSME loans are same. No concession in interest rate.
Sir,I the Geethapriya applied for personal loan.I working in private school as Teacher.I applied for personal loan of Rs.300000/-.Mr.Yesh verma is my agent ,he guided me & I have updated all my documents.He referred it & he told me now I am sending your application & documents to verification officer,from their you will be getting a verification call within one week.I was waiting,but no verification call came.Then again a got a call from verification officer, officer asked me is it Geethapriya, yes sir,that’s all he disconnected the call.After everyday call Mr Yesh verma through phone call he also went on disconnecting,but suddenly one he received my call, I asked him,sir what happened.Mr yesh verma told,your loan Application is rejected, I asked him on what basis they have rejected.so he telling me there are two options only. 1) you have pay 30000. 2)or cancel it. So I replied, sir I don’t have such huge amount.After one week he called me & said,I personally spoked to verification officer,no problem within 2 days you will be getting phone call from bank please don’t disconnect the call.& Also he told,after your amount you get don’t for get me sir, I am sending my bank account,you please deposit my amount without fail.Next day itself,he sent his bank a{c.but uptll now I have received any phone calls from bank side.But from past one week I am calling him he is not receiving the call.Now what Must I do
As I have replied in the above post, to sanction or decline the loan is bank’s discretion. KVIC or DIC don’t have the power to sanction the loan, they can only preapprove the application for the purpose of releasing the subsidy if loan is released by the bank. As such if you have paid money to third party for the purpose, you are only responsible for the loss. You may lodge a Police complaint against the person who has collected money from you on the ground of cheating.
Dear sir,
My project under PMEGP scheme saction By DIC july 2017 then i m apply for loan ( 25 lac) to State bank of india. The bank manager visited our manufacturing site where the project was installed after loan saction in Oct. 2017 but still they not saction the loan. i am provided all document regarding the project then i am given action abaut brach manager & complaint to CP-gram. then the manager taken personally & he replies to cp-gram i m not able to this project & loan was not saction by SBI even he not open a single online application by DIC still also He noted three point 1) Applicant services another company as research and development sector ( my point is i am on temporery basis working & under the PMEGP scheme no rule abaut this point as per norms by PMEGP 2) very higher side to cope up with the competition ( I m set up this manufacturing unit around 30 lac but i m required only 25 lac but allready decided my bussiness was good) Tushar Patil 8698881225 watsaap
Plaese reply sir what i m doing
DIC has preapproved your proposal. To sanction or reject the proposal on merit of the proposal is Bank’s discretion. For more information, click below
https://bankingschool.co.in/loans-and-advances/pmegp-frequently-asked-questions/
Sir, I want to start a tshirt manufacturing company, I’m 22 years of age. Am I eligible for the loan? Also what is the tenure for repayment of the loan?
You are eligible for the loan. Repayment period will be decided by the bank on the basis of project report appraised. Usually term loan will be for the period of 3 years and working capital limit (Cash Credit/OD limit) may continue as long as you wish (provided the account should be regular).
sir i stay in mumbai . i am studing in mumbai now i am last year b.com student .i have a small buisness in mumbai (civil contrector) but sir i want to do a manufactring plant of namkeen in my native place. this is new project can i apply pmegp loan?
PMEGP loans for new projects only. You can go ahead and start your business.
sir my loan aproved by dltfc and forwaded to bank then bank reject my loan bank says to me no target sir now what i do can bank re aprove rejected loan
Contact DIC for solution
Dear sir,
myself k yelamandarao i have applied for PMEGP loan tent house it was sanctioned under DLTFC on june 2017 project cost is 5 lacks .From last 7 months onwards i am meeting SBI branch manajor&field officer they are not responding about my loan and dont giving proper reason now what i can do please give me suggesion.
Complain to Bank’s Head Office/Director of KVIC/Banking Ombudsman etc,
hi sir
how to apply for population certificate.
censusindia.gov.in this website is access denied.
any option for apply population certificate
regards
Vila’s r
I have no knowledge about issuance of population certificates. Different sites are giving different methods.You may approach DIC to know the exact procedure.
Sir,
What is Population Certificate?
Who will issue Population Certificate for PMEGP Loan?
Please give me a format of Population Certificate.
I have no knowledge about issuance of population certificates. Different sites are giving different methods.You may approach DIC to know the exact procedure.
Hello, Sir, I am Shashank Tyagi from Ghaziabad UP.I have applied for PMEGP scheme for setting up uPVC door & window manufacturing unit in my village (Rural) and select the financing bank PNB(IFSC Code PUNB0768100) which is in my village.The DLTFC approve the project (23 lack) and forward the file to the branch. when I contacted the branch manager he told me that you should ask before applying for the loan because he doesn’t have the authority of sanctioning loan above 12 lack. I requested him to talk with his superior as it is a government scheme and I will fulfill all the requirement (guaranty, mortgage etc). The Manager rejected the loan and not mentioned the real reason for rejection that he doesn’t have the authority. Now I have few questions:
1- The reason given by the manager is right? or it’s my fault that I should prior talk with him?
2-now can I change the bank? if yes from where and how?
3- How to use alternate bank option?
4- The DLTFC approve the project for 2017-18, if I didn’t get the loan this financial year will it be forwarded to next year?
In the end, Sir, I worked hard on this project and don’t want to miss this opportunity please tell me what are the other option I have asap.
The final sanction of project and release of loan is done at the level of concerned Bank. The Bank will appraise the projects and take their own credit decision on the basis of viability of each project. Bank has the discretion either to sanction/decline a loan. In case bank is declining your application, you may demand the bank to give the reason for declining in writing. If you feel the reason given by the bank is not a valid reason, you may complain the matter to the higher authorities of the bank, ministry, CEO of KVIC, CMDs of the concerned banks, RBI, etc.
Sir I want to develop an education Android app and want to make business with that app so I can get loan from bank
I don’t have an idea of this line of business. First, approach the bank where you want to avail the loan and explain them about modus operandi of your business.
Sir i want to start new business in manufacturing sector.i want 25 lakh. Loan.i dont have collateral.land or house.
Pls suggest how ican apply anf get the loan
And which schem is useful for me
Request the bank for CGTMSE guarantee for the loan released by the bank. If CGTMSE guarantee is taken for your loan, no collateral security or guarantees required.
sir plz suggestion me any finance compney provide this pmegp loan in online proces.
27 public sector banks, RRBs, SIDBI, and State Level Taskforce approved co-operative banks and scheduled commercial banks are the institutions lend loan under PMEGP scheme. Do not approach any other financial institutions/agencies for PMEGP loan.
Hello sir, i would like to do agriculture business.In that i like to do coconut business, i need maximum loan to take coconut trees for lease around 3000 trees in pollachi,tamilnadu.But now i am in trichy, tamilnadu.I want loan under PMEGP if not in which scheme i can get.And EDP training will differns from each business or same.
You are not eligible for a loan under PMEGP for agricultural activities. Contact NABARD or a bank for the finance.
Hello sir,
I have applied for PMEGP and I need to know about Each process I completed online application.. and a week after I submitted My application an authority called From kvic and Said that We will call you for interview.. I need to know about next steps after interview And further
Final submission failed due to following reasons
1. Total project cost mentioned is too low
Please soluve my problem
Dear sir,
i am already apply in PMEGP scheme on aug 2017 and the file is proceed to DLTFC.
due to some internet connectivity reason i have filled some incomplete details on my file.
can i correct it on the time of DLTFC interview kindly help me.
Apply for the loan afresh with correct details
Hi sir
My pmegp loan had sanctioned on 18th feb 2017. Bank gave me first installment of term loan on 18th feb 2017 with my contribution of 10%. After purchasing machine. Bank released 2nd installment of term loan. Suddenly I got a call from rsethi for a training but I already got a certificate through niesbud. Anyways I attended training sessions and completed my training but my business was not start at that time , but I start to paid my emi feb 2017. After many request bank release my half working capital on 1st march 2018.
Sir,My business is not going proper way. I want to quit this loan .So please tell me the process. But I haven’t money. what happens with me.
You need to maintain the account for 3 years to be eligible to get the subsidy, lest subsidy amount deposited in the bank will be returned back to the department. If you are not servicing loan installments, account turns into NPA. Bank will adjust the subsidy amount towards loan outstanding and demand for repayment of balance amount.
Dear Sir Is there any Prescribed Holiday period for P.M.E.G.P. Scheme. If so How many Months it is.
Dear Sir Is there any prescribed Holiday Period for P.M.E.G.P Scheme as per RBI Guidelines. If do how many months it is
he loan granted under PMEGP is actually MSME loans. Except for subsidy component, all other terms, and conditions are same for any MSME and PMEGP loans. No special privileges for PMEGP loans.
HELLO SIR , I WANT TO SETUP A UNIT OF MOBILE PHONE CHARGER/POWER BANK ASSEMBLING. I WANT TO SET UP THE UNIT IN ONE DISTRICT AND MY COMMUNICATION ADDRESS AREA IS IN ANOTHER DISTRICT AND MY FINANCING BANK IS IN DIFFERENT DISTRICT .SHALL I ELIGIBLE TO APPLY FOR PMEGP LOAN AMOUNT OF BELLOW 10LAKHS.
Financing bank should agree for it. Since the unit is not set up, your present address can be a communication address.
Needed some clarification regarding Manufacturing Unit. After DLTFC meeting my application is forwarded to Bank. I am planning to start Neem Oil Extraction Unit in village its an manufacturing unit do I need to take permission for Construction of Building and Electricity from panchayat ? If so then what is the meaning of Single Window Approval ?.
Our DLTFC meeting held at DC office.
My basic question why we need to take permission from PANCHAYAT even after DLTFC approval.
or Can I start construction and get Electricity based on DLTFC approval ?
The final sanction of the project and release of the loan is done at the level of concerned Bank. The Bank will appraise the projects and take their own credit decision on the basis of the viability of each project irrespective of DLTFC recommendation. Bank has the discretion either to sanction/decline a loan. when the bank insists for permission from Panchayat, you need to comply bank’s requirement. DLTFC approval only helps you to get the subsidy under PMEGP scheme provided you have completed EDP training. Giving permission for construction and commercial activities comes under the local authorities. Either the DLTFC or the Bank does not have the right to give permission for such activities. District Level Taskforce (Committee) will not interfere with Panchayat’s privileges.
Sir
I had received copy from dic regarding pmegp
informing me that my application for loan had been forwarded to bank.
At this what I have to do ?
Had I to approach bank authorities?
Please let me know.
Thanking you….
Yes. You have to contact the bank for further process.
Hello,
How to apply for CGTMSE, If bank agrees for it? (Please describe process)
Banks and financial institutions can apply to CGTMSE for credit facilities sanctioned by them to MSEs.Once approved by the CGTMSE organization, the loan will be under the CGTMSE scheme and the borrower will be required to pay the CGTMSE guarantee and service fee.
With a view to improving telephonic responses, CGTMSE has set up a Toll-Free No. 1800222659 for the benefit of its MLIs with regard to their general/specific queries.
Click the following link to know more on the scheme.
https://bankingschool.co.in/loans-and-advances/start-ups-to-look-out-for-cgtmse-credit-guarantee-scheme/
If the bank officers are not providing the details of margin money sanctioned in pmegp scheme,How to know that the margin money is sanctioned?
Why bank is not informing whether they have received or not? They need to inform you but the money will be paid to you only after 3 years if you are regular in repayment. You can also collect the information from DIC/KVIC regarding margin money disbursed.
Sir I have received my application is but wen I search for the status it’s not opening wat should I do… My I’d is KVKN18196436-8464538…. Plz help
I have also tried to find out the status of your application but failed. It appears that the link provided by KVIC has some errors. Anyway, try to contact them through their toll-free number 1800 3000 0034 and find out the present status of your application.Best wishes
How many days will the release of pmegp subsidy after getting the loan sanction.
Sir, population certificate ko le kar bahut pareshan hu. Please bataye kaise ye certificate mile ga please rasta bataye kaise lu.
I don’t have practical knowledge of how to obtain a population certificate. You may google it and find out the detail. I have come across one such link which I’m sharing you here https://www.youtube.com/watch?v=-hpKck94tr
If your unit is in rural area visit to sarpanch or Gram sevak of village
सर
हमणे pmegp स्कीम के तहत ऑनलाइन आवेदन डाल दिया है कंपनी बनानेके लिये जो जमीन लगेगी उसको {एने} करना पाडेगा कया
It depends upon the loan amount. If the loan amount is less than Rs.10 lakh bank does not ask collateral security. The item purchased through bank loan shall be offered as prime security.
Can we get 20 lakhs loan by pmegp scheme. I want to start a fly ash block manufacturing plant.
Maximum loan/working capital limit will be approved by DLTFC on the basis of projections of Capital Expenditure and working capital component shown in the project report submitted by you. No need for a CA for preparing the project report. visit KVIC official website for the readymade format for various types of projects. However, the final sanction of the project and release of loan is done at the level of concerned Bank. The Bank will appraise the projects separately and take their own credit decision on the basis of viability of each project irrespective of how much amount DLTFC has approved.
Sir after how many days DLTFC will approve our file
My status is telling that “ONLINE SUBMITTED”
after how many days they will take my action on ot
The entire process has to be completed within 45 days of receipt of an application online. There shall preferably be no interviews by the DLTFC, however, if considered necessary DLTFC may call the applicant for personal interaction/interview.
Sir I applied for 5 lakh nd after interview Kvic sanctioned me 2 lakh rupees……kya bank hme itna hi loan dega ya loan amount increase ho skta h??? Or loan amount increase krne k liye mje kya karna padega????
The project appraisal by the task force is similar to credit appraisal from the bank both on technical and economic viability aspects of the unit. Therefore chances of enhancement of credit limit beyond the limit sanctioned by the task force may not be possible. Further, the subsidy will be onetime assistance from Government. As such, no further subsidy will be available to you for enhancement of credit limit, or expansion/modernization of the project.
Sir my application has forwarded to bank but I want to change bank
What should i do plz sir tell me
Write an application to the concerned authority about the same where you have applied for the PMEGP
i have applied for pmegp and now applicayion current status is DLTFC Meeting.
What does the current status mean?
It means that your application will be considered for the preapproval in the next DLTFC meeting. This entire process has to be completed within 45 days of receipt of an application online.
dear sir i have completed my loan application through siti finance ltd sum amount of 5 lacs they are asking amount of 50000 for surity purpose what should i do please tell me sir
I have already clarified in FAQs on this matter. Still, you are getting a doubt. Third parties are not allowed to mediate under PMEGP. If you are paying to the third party, you are going to lose the money. Margin money/security money if any to be remitted, only to your own account in the bank from where you are borrowing.
Dear sir,
Setting up of new business by taking old machinery with Bill is it eligible for PMEGP loan
I don’t find any reference to old machinery in the PMEGP scheme. You may directly contact DIC/lender bank.
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Can you clearly explain your problem?
I need an answer to the query. I had been sanctioned term loan under PMEGP scheme before 6 months. I have been sanctioned the subsidy as well. Now I want to close the loan, so can the subsidy be transferred to my loan account and pay the remaining outstanding amount from my own side and close the same.
Will the subsidy be returned to the department in this case? Please let me know how to handle the said matter?
The subsidy will be released to the beneficiary by the bank only after 3 years of releasing the loan. 100% physical verification of the actual establishment and working status of each of the units, set up under PMEGP, including those set up through KVIBs and DICs, will be done by KVIC, in the event of objection (recorded and communicated in writing) by KVIC /KVIB/State DIC, the beneficiary will refund the Margin Money (subsidy) kept in the TDR or released to him after three years period. It is better to keep the loan alive at least for 3 years.
i ant to apply for pmegp loan but how to get population certificate
As per my information, this is a certificate you will get on your MRO Offices and Municipal Offices, Just you need to write a letter for Relevant officer in that office they will give immediately to you.
Sir, i have taken PMEGP Loan from Bank and also disbursed, and also done all the procedure of claim.. but mine Bank is charging Rate of interest very high compare to another bank now… so can i shift mine loan to another bank..????
I don’t think you will be able to transfer PMEGP loan to another bank as your present bank is holding margin money. Anyway check-up from the present bank whether they are ready to transfer the loan to another bank.
I want to ask if what the type of term loan shall I get from the bank. How the bank will release the loan. Does the bank will provide the loan in the form of DD to purchase machinery direct to the dealer(capital expenditure) or they will issue the working capital directly to myself? Please provide the detail of disbursement of loan.
The term loan for the purchase of capital equipment will be released by the bank in the form of DD or Bankers Cheque in favour of the vendor who supplies machinery to you, based on quotation/invoice submitted by you. Working capital can be used by you through your cash credit account in the branch or bills purchase limits as per your requirements.
Dear Sir,
My PMEGP loan application status is now approved by DLTFC. now what is next stage.
sir
My pmegp (kvic} loan sanctioned by sbi under cgtmse. My edp training completed, but loan release delay
hi my loan is santion by bank , and i got a letter but online i try to upload a letter on portal but still its not uploading
what is the process is bank forward to agency or i have to upload , and i compalin via mail but not resolved yet and calling numbrs are not connectiong
pls help
Where do you want to forward the sanction letter. Go to your bank and request them to release the sanctioned loan. You may checkup from the bank whether they have received margin money released by KVIC. If not they will follow up to get the margin money from their nodal branch. They cannot hold release of loan till they receive the margin money.