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Cluster is a group of enterprises located within an identifiable & as far as practicable contiguous area& producing same/similar products/services

Cluster is a group of enterprises located within an identifiable & as far as practicable contiguous area& producing same/similar products/services

Cluster Development Programme is one of the oldest scheme of the Office of Development Commissioner in the Ministry of MSME. Earlier scheme was revised in 2007 and then the last revision in 2019.

  • Objectives of the Scheme

To create / upgrade infrastructural facilities in the new / existing Industrial Areas / Clusters of MSEs.

To set up Common Facility Centers in Industrial area (for testing, training centre, raw material depot, effluent treatment, complementing production processes).

  • Characteristics of the Cluster

a.) A cluster is a group of enterprises located within an identifiable and contiguous area (to a large extent) or a value chain that may go beyond a geographical area and producing same / similar products / complementary products/ services, which can be linked together by common physical infrastructure facilities. It must address their common challenges which is the core reason to take up the project under this scheme.

b.) The essential characteristics of enterprises in a cluster are

(a) Similarity or complementarity in the methods of production, quality control &     testing, energy       consumption, pollution control, etc.,

(b) Similar level of technology & marketing strategies / practices,

(c) Similar channels for communication among the members of the cluster,

(d) Common market & skill needs and/ or

(e) Common challenges & opportunities that the cluster faces.

  • There are only two components of the MSE-CDP scheme:     

a.) Common Facility Centers (CFCs): This component consists of creation of tangible “assets” as Common Facility Centers (CFCs) in Industrial Estate.

b.) Infrastructure Development (ID): This component is for development of infrastructure in new/existing notified Industrial Estate.

Components

Total Project cost

Funding Pattern

Govt of India

State Govt

SPV

A.1 Common Facility Centre

Rs 5 crore to Rs 10 crore

70%

20%

10%

B.2 Common Facility Centre

Rs 10 crore to Rs 30 crore

60%

15%

15%

A.1 Infrastructure development- New

Rs 5 crore to Rs 10 crore

60%

40%

 

B.2 Infrastructure development- Up gradation of existing Infrastructure

Rs 5 crore to Rs 10 crore

50%

50%

 

 

Cluster Formation

Govt. of Maharashtra has announced Maharashtra State Industrial Cluster Development Programme (MSICDP) Govt. Resolution dated 25.02.2014 for C,D & D+, no industry districts Naxalite affected areas.

Cluster is a group of enterprises located within an identifiable & as far as practicable contiguous area& producing same/similar products/services

Benefits under MSICDP

1. To conduct Soft Intervention (SI) Programme:

Maximum limit of the project cost for SI is ₹ 10.00 lakhs which includes GoM grant@ 90% & SPU contribution @10%.

2. Hard Intervention (Common Facility Center (CFC)):

Maximum Grant in aid from Govt. of Maharashtra for setting up of CFC is limited to 10.00 Cores.

3.GoM grant will be 90% for clusters with 100% SC,ST, or Women owned units.

Eligibility Criteria

1. Minimum 10 Micro, Small working units in same or similar sector located within an identifiable and as far as practicable, contiguous area.

2. Existing clusters in Zone 'D', 'D+', 'No Industry District' & 'Naxalite Affected Area' as per PSI-2013.

3.80% if all entrepreneur are Micro.

4. If in SPV there are same Small unites then contribution will 70% to 30%

Scheme of Fund for Regeneration of Traditional Industries

Sfurti

(Technical Agency: Success Global Foundation)

Scheme of Fund for Regeneration of Traditional Industries (SFURTI), a programme of Ministry of Micro Small and Medium Enterprises, Government of India, aims to organize the traditional industries and artisans and producers into collectives and provide them with support in order to make quality and competitive products to ensure long-term sustainability of the sector and its artisans.

OBJECTIVES OF SFURTI SCHEME

1. To organize the traditional industries and artisans into collectives to make them competitive and provide support for their long-term sustainability and economy of scale.

2. To enhance marketability of products of such clusters and collectives by providing support for new products, design intervention and improved packaging and also the improvement of marketing infrastructure.

3. To equip traditional artisans and producers of the associated clusters with the improved skills and capabilities through training and exposure visits.

Target Sector and Potential Beneficiaries

  • Traditional Artisans.(Blacksmith, potter, carpenter etc.)
  • Farmers.
  • SHG Group Women's.
  • Local unskilled labors who is interested.

PROJECT INTERVENTIONS

The Scheme would cover three types of interventions namely 'Soft Interventions', 'Hard Interventions' and 'Thematic Interventions'.

Project Duration:-

Timeframe for the implementation of project will be 12 months for Regular Clusters and 18 months for Major Clusters. The DPR would provide quarter-wise phasing of the interventions and requirements of funds.

 

Sr.No

Types of Clusters

Artisans

Funds

1

Regular Cluster

250 + Artisans

Funds Up to 2.5 Cr

2

Major Cluster

500 + Artisans

Funds Up to  5 Cr.

 

Subsidy

Package Scheme of Incentive (PSI-2019)

(Govt . of Maharashtra)

Eligible Investment (From 1ST April 2019 to 31st March, 2024.)

  • LAND
  • BUILDING
  • PLANT & MACHINERY
  • DIES AND TOOLS
  • ELECTRIFICATION

NEW MSME Units will be eligible for a basket of incentives the total quantum of which will

be linked to the fixed capital Investment:

TALUKA/ AREA/ ZONE

           SUBSIDY IN %

          NO. OF YEARS

 

MICRO, SMALL & MEDIUM

ENTERPRISES

 

MICRO, SMALL &

MEDIUM ENTERPRISES

 

 

     NEW

         EXP

        NEW

      EXP

                    A

--

--

--

--

                    B

      30%

         24%

            7

6

                    C

      40%

         32%

           7

6

                    D

      50%

         40%

          10

9

                   D+

      60%

        48%

          10

9

       Specified Area               (Vidarbha,Marathwada,

          Sindhdurg,Dhule)

      80%

        64%

           10

9

     No Industrial Districts

      100%

         80%

         10

9

 

Industrial Promotion Subsidy (IPS)

The eligible New / Expansion Micro, Small and Medium Manufacturing Enterprises, which are setup in different parts of the State, will be eligible for Industrial Promotion Subsidy (IPS) as per there Taluka Categorization.

 

Eligible Micro, Small & Medium enterprises shall be offered Industrial Promotion Subsidy (IPS) on100 % Gross State Goods & Services Tax (SGST) payable by the unit on the first sale of eligible product billed and delivered within Maharashtra.

 

Interest Subsidy

All Eligible new Micro, Small and Medium Manufacturing Enterprises will be eligible for                                                                 

Interest Subsidy only on the interest actually paid to the Banks and Public Financial

Institutions on the amount of the term loans taken for acquisition of fixed assets. 5%

Interest subsidy on term loan only. The quantum of interest subsidy payable every year will

Not exceed the bills paid for electricity consumed during the relevant year.

 

Exemption from Electricity Duty

All Eligible new Units in Group C, D, and D+ area will be exempted from the payment of

Electricity duty during eligibility period. A and B areas, 100% Export Oriented Units

(EOUs), Information Technology Manufacturing units and Bio- Technology Manufacturing

Units will also be exempted from Payment of Electricity duty for a Period of 7 Years.

Waiver of Stamp Duty

New Units as well as units undertaking Expansion/ Diversification (including Mega and

Ultra Mega Projects) will be exempted from Payment of Stamp Duty during the Investment

Period in Group “C, D, D+ ZONE. For acquiring land (including assignment of lease rights

And sale certificate) and for term loan purposes.

Power Tariff Subsidy

Eligible New Micro, Small and Medium Enterprises (MSME) will be eligible for power tariff

Subsidy. The Subsidy will be to the tune of Rs 1/- per unit for the units located in

Aurangabad, Raigad, Ratnagiri and Sindhudurg north Maharashtra and Rs 0.50 per unit

For the units in other areas of the state for a period of 3 Years from the date of

Commencement of Commercial production, for the energy consumed and paid.

Goverment Subsidies & Incentives

TUF'S:

  • Technological Upgradation fund scheme from Ministry of Textile
  • This scheme is for all the textile and technical textile manufacturing industries.
  • The entire textile related manufacturing industries can avail benefits of 10% to 15% capital subsidy on Eligible Machines.

Goverment Subsidies & Incentives

  • Credit Linked Capital Subsidy Scheme (CLCSS) from Ministry of Micro small and Medium Enterprises

  • This scheme provides benefit of 15% capital subsidy on Machinery for all manufacturing industries with maximum up to Rupees 15 lakhs for general Category and 25% upto 25 Lakhs to Special Category.​

  • All SME Manufacturing Industries

Goverment Subsidies & Incentives

  • GREEN HOUSE/SHADE NET HOUSE, PLASTIC TUNNEL: HORTICULTURE DEVELOPMENT IN PROTECTED COVER IN PROJECT MODE.
  • PROJECTS HAVING AREA OVER 2500 SQ. METER: Crops eligible: a. Flowers: Anthurium, Orchids, Rose, Lilium, Chrysanthemum, Carnation and Gerbera. b. Vegetables: High value vegetables: Capsicum, Cucumber, Tomato
  • PACK HOUSE RIPENING CHAMBER, REFER VAN, PRECOOLING UNIT: INTEGRATED POST HARVEST MANAGEMENT
  • Projects related to Fruits, Vegetables, Flowers, Aromatic plants and Cashew are only eligible for subsidy
  • COLD STORAGE CAPACITY ABOVE 5000 MT UP TO 10000 MT: Capital Investment subsidy scheme for Construction/expansion/modernization of Cold Storage and Storage for Horticulture Products.

Goverment Subsidies & Incentives

  • Central Govt. Schemes from Ministry of Food Processing (MoFPI)
  • PMKSY (Pradhan Mantri Kisan Sampada Yojana)
  • PMFME (Prime Minister Formalization for Micro Enterprises)
  • Operation Greens etc.
  • National Horticulture Board (NHB) / Mission (NHM)
  • Horticulture & Post Harvest Activities
  • NABARD (Agri Warehouse Schemes)
  • Special State Government schemes for Food processing activities by respective states
  • Additional Funding Schemes & incentives for Farmer Producer Companies & Cooperatives
  • DAC & FW (Department of Agriculture Cooperation and Farmers Welfare)
  • Various Interest Subvention Schemes and funding available under Animal Husbandry, Agriculture, Fisheries & Aquaculture activities.

Goverment Subsidies & Incentives

  • Technology Up gradation Fund Scheme (TUFS)
  • RRTUFS, A-TUFS,
  • Special Schemes from Maharashtra State for Textile Industry
  • All Activities related to Textile Processing & Value Addition
  • Export Promotion Schemes

Goverment Subsidies & Incentives

  • Electronics and White Goods (LED, AC etc)
  • Pharma, Drugs & Intermediate
  • Defence Goods Manufacturing
  • Fertilizers and Chemicals
  • Solar Goods Manufacturing

Online Registration

Food registration or license is required to be taken by food business operators to ensure quality of food products. Licenses and Registrations are granted to Food Business Operators in a 3 tier system

                          1. Food Registration Certificate

                          2. State License

                          3. Central License

Document List :-

´2 Passport Photo  

´Aadhar card

´PAN card 

´Cast certificate (If Cast)

´ Domicile certificate/ Birth Certificate

´ EDP certificate (If Available))

´ Highest Qualification certificate

´ 2 Bank account details.

´ Original Quotation.

´ Project Report

´ Permission & Owners Proof

´ Unit Location

´ Applicant Aadhar Update Mob No. & Email ID

 

 

Online Services

What is GST registration?

  • The normal kind of GST registration requires a legalised taxpayer to collect a specified amount of tax from purchasers of goods and services. This tax is then remitted to the government after the amount paid as GST on the input value of goods and services is adjusted.

  • It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. In other words, Goods and Service Tax (GST) is levied on the supply of goods and services.

Require Document :-

1. Food Registration/License
2. Documentation
3. Sign Up On Food Portal
4. Log In
5. Upload Info. About Business/Activity
6. Make a Payment
7. Download Form A or B
8. Sign this Form & Upload
9. Online Submitted
10. In Process
11. Generate Query/Not 
12. Forwarded to FSSAI 
13. Lic./Reg. Issue 

Online Services

This Udyam Registration will give you more benefits to enjoy Government Schemes. On registration, a business, company, or enterprise referred to as Udyam.

The Indian Government of Micro, Small, and Medium Enterprise - Udyam Registration Official portal will be assigned a permanent identification number to be known as ― Udyam Registration Number.

Require Document :-

1. AADHAR CARD (BOTH SIDE)
2. APPLICANT PASSPORT SIZE PHOTO
3. CAST CERTIFICATE (IF ST, SC, OBC etc.)
4. ENTERPRISES/ BUSINESS NAME
5. BANK DETAILS (BANK NAME, IFSC CODE, BRANCH, DETAIL ADDRESS OF BANK)
6. PLACE OF BUSINESS (ADDRESS)
7. NUMBER OF EMPLOYEES
8. ACTIVATE MAIL ID AND MOB NO,
9. TOTAL INVESTMENT IN PLANT & MACHINERY
10. DATE OF COMMENCEMENT OF BUSINESS

Online Services

The businesses are classified into multiple categories based on size, the number of employees, liability, access to capital, etc., under the “Companies Act of 2013.”

Types of Company Registration:-

1. Private Limited Company
2. Public Limited Company
3. Partnerships Company
4. Farmer Producer Company(FPC)
5. Section 8 Company

  • Documents List For "Private/Public Limited Company"Pan Card

          Aadhar Card
          Bank Passbook
          Voter id (Optional)
          Electric Bill of office Address
          Photo 2
          Company Propose Name (Minimum 3 Name)
          Contact person Email & Mobile Number
          Digital Signature (DSC)
          Copy of Rent Agreement (If rented)
          Latest Bank Transaction (Last 3 Months)

  • Documents List For "Partnerships Company"

1. Name and Address of the firm as well as all the partners

2. Nature of business to be carried on
3. Date of Commencement of business
4. Duration of Partnership (whether for a fixed period/project)
5. Capital contribution by each partner
6. Profit sharing ratio among the partners
7. Interest on Partner’s Capital, Partners’ Loan, and Interest, if any, to be
Charged on drawings
8. Salaries, Commissions etc., if any, payable to partners
9. Method of preparing accounts and arrangement for audit
10. Division of task and responsibility i.e. the duties, powers and obligations of all the partners.
11. Rules to be followed in case of retirement, death and admission of a partner
12. Self-attested ID and address proof of all partners (Pan Card mandatory)
13. Ownership proof of the principal place of business or rental/lease agreement
14. Update Mobile Number and Email Id of All Partners
15. Stamp Paper 500

Require Document for Farmer Producer Company(FPC)

FPO साठी आवश्यक कागदपत्राची यादी - शेतकरी उत्पादक कंपनीच्या स्थापनेसाठी दहा सभासदांची नोंद करणे आवश्यक आहे.
आवश्यक कागदपत्रे
१.सभासदाचे आधार कार्ड (मूळ कलर कॉपी)
२.सभासदाचे पॅन कार्ड (मूळ कलर कॉपी)
३.सभासदाचे पासपोर्ड फोटो (मूळ कलर कॉपी)
४.सभासदाचे मेल आयडी व मोबाईल नंबर
५.सभासदाचे अद्ययावत बँक पासबुक  (मूळ कलर कॉपी)
६.७/१२ उतारा मूळ कॉपी
७.ऑफिस पत्यासाठी लाईट बिल
८.सभासदाचे डिजिटल स्वाक्षरी
९.कृषी प्रमाणपत्र (कृषी अधिकाऱ्यांच्या लेटरहेडवर सही शिक्का व नाव असावे.)
१०.शेतकरी उत्पादक कंपनीच्या स्थापनेसाठी दहा सभासदांची नोंद करणे आवश्यक आहे. त्यापैकी ५ सभासद असावे व ५ प्रवर्तक असावे.

Require Document for "Section 8 Company"
1.Proposed name of the company.
2.Primary business of the company.
3.Other business of the company.
4.Electricity bill for office address of the company (NOC of the oner of premise is required).
5.E-mail id for the company.
6.Primary contact numer (mobile) for company.
7.Authorized share capital (This is the limit upto which the company can issue the shares to its members, miimnum limit is 1 lakh, we may keep it upto 10 lakh now).
8.Paid us share capital (This are the shares, which the company issue to its members at the time of incorporation, minimum should be 1 lakh).
9.Paid up value per share (It may be Rs.10/ 100/ 1000/ 10000 per share).

Online Services

  • The 12A certificate concentrates on exempting non-profit organizations from paying taxes on their income, whereas the 80G certificate exempts donors from paying taxes on their gifts. The 12A certificate is required for groups seeking tax breaks, whereas the 80G certificate is optional but extremely beneficial for soliciting donations.

Require Document : 

1.All the Board of director of the Organization Pan card & Updated Aadhar card
2.Organizations Income Tax Return
3.Organizations Audit Reports for last Three Years
4.Organizations Change Reports (If Available)
5.Notes Of Activities Photos with Description
6.Both Certificates of Organizations (1860 & 1950)
7.Organizations MOA 
8.Organization Pan card
9.Filled Ngo Information Sheet (which we have given)
10.Organization English MOA
 

NGO Registration

Register to become eligible to receive tax exempted grants, donations, and funding from government and non-governmental organisations.

An NGO is a non-governmental organisation that works to improve society at large through philanthropic endeavours. Depending on the activity you want to pursue, you can start it as a Trust, a Society, or a Non-Profit Company [Section 8 Company].

Types of NGO Registration :-

  1. Trust
  2. Society
  3. Section 8 Company

Criteria

Trust

Society

Section 8 Company

Legal Framework

Indian Trust Act of 1882

Societies Registration Act , 1860

Companies Act, 2013

Main Objective

Charitable activities

Public welfare activities

Promotion of science, arts, sports, etc.

Membership

Trustees

Members

Shareholders

Governing Body

Board of Trustees

Governing Council

Board of Directors

Governing Rules

Trust Deed

Memorandum and By-laws

Memorandum and Articles of Association

Registration

Registrar of Trusts in local jurisdiction

Registrar of Societies in the state

Registrar of Companies (ROC)

Tax Exemption

Section 12A and 80G of the Income Tax Act, 1961

Section 12A and 80G of the Income Tax Act, 1961

Section 8(1) and 12A of the Income Tax Act, 1961

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Why Is NGO Registration Required?

  • The organisation gains credibility, and those who contribute money will be more likely to affiliate themselves with those NGOs that have registration because it lends an air of authenticity.
  • A local NGOs operations may be able to develop with the aid of NGO company registration, which guarantees greater exposure for the organisation.
  • The range of both financial and human resources is expanded. The NGO will benefit because more volunteers will step forward.
  • Register your business as an NGO in India in accordance with the 2013 Companies Act to receive a number of benefits for the company's directors. NGOs are exempt from a number of taxes in India, which enables the business to save taxes and invest the money in further projects.
  • Companies that have been recognised by the ITR filing return act of 1961 as NGOs are not prohibited from selling their assets or interest-earning claims.
  • All businesses organised as NGOs under the ITR Act of 2013 are exempt from stamp duty, providing the business with additional opportunities to reduce its tax burden. The entire tax savings from the stamp duty are then used to promote the company's philosophy.

Benefits of NGO Registration

  • A registered NGO gains the legal status and becomes accountable for the funds received. For instance, when an individual donates funds to a charitable trust, it is received under the name of the organization and used for the trust’s activities. In an unregistered firm, the assets can be received under anyone’s name and may be used for their own profit.
  • An organization that is registered as an NGO reinforces the ethical, social and legal norms of our society.
  • The basic requirement for running an NGO is to have a bank account under its name. In order to open an account, it is mandatory to be registered as a Trust, Society or Section 8 Company.
  • The registration of an NGO is necessary to seek tax exemption from the Income Tax Authority.

 

Ngo Darpan / NITI Aayog Registration

The NGO-Darpan is a unique platform that serves as an interface between NGOs and important government departments. It is an initiative started by the NITI Aayog and the National Informatics Center. It allows for the interchange of vital information between volunteer organisations, NGOs and government departments, bodies, and ministries. 

What is NGO Darpan?

NGO Darpan is a free service provided by the NITI Aayog to NGOs to help them stay informed about new government schemes and grants. The platform is a collaboration between the NITI Aayog and the NIC, which aids in the development of a stronger partnership between NGOs and the government. Furthermore, completing the NGO Darpan registration process increases the legitimacy and accountability of NGOs. 

The portal was first managed by the Prime Minister’s Office, the control was eventually transferred to the NITI Aayog. Moreover, since then, the portal has evolved into an e-governance tool that aids in the development of more transparent and healthy interactions between the government and Non-Governmental Organisations (NGOs).

Benefits of NGO Darpan Registration ?

  1. Helps NGOs and other volunteer organisations engage with government departments.
  2. Further, obtaining a unique ID helps improve the credibility and trustworthiness of an NGO.
  3. Department and ministry websites coordinate with the NGO Darpan to share vital information. Once registered you will get timely updates of the same.
  4. Enables seamless flow of data from the government to various NGOs around the country.
  5. Updates and information on new schemes, projects, and the progress of earlier initiatives.
  6. Further, departments use this platform to understand more about NGOs before considering their appeals.
  7. Helps in the creation of a database or repository of information regarding VOs/NGOs.

Audit And ITR

NGOs are established as a public trust under the Trust Laws or Societies Registration Act or a company under the Companies Act, 2013. The NGO requires to receive a foreign contribution for getting its books of accounts audited by the Chartered Accountants (CA).

An NGO gets its accounts audited according to the Incorporation Law depending on its form of Registration. The audit is done as per the Trust Act, Societies Act, Companies Act or Income Tax Act.

Benefits of Audit for NGOs :-

here are so many benefits of audit for an NGO. The most basic benefits of audit for the NGO are as follows:

  • The audit helps the NGO in providing proof of authenticity and honesty in the financial statements and practices carried them.
  • Auditors are updated with the amendments made by the Government.
  • Auditors provide valuable advice to the NGO on financial matters and controls.
  • An audit allows the NGO to take and apply the knowledge provided by the auditors.
  • The NGO also takes the help of an auditor to investigate particular issues.

Advantages Of ITR FIling For Society/Trust :-

To Receive Government Grant :

The main advantage of income tax return filing of charitable is to easily receive the government grants in their field . If your trust is eligible as per the guidelines of ministry/ organization / department then only you can apply for the government grants . The funding issued by the concerned ministry or department is based on the income tax return , profile of NGO and  Annual Reports, Audit Reports. So ITR filing is the key factor to receive the government grant.

Exemption from Income tax :

Income derived from property held under trust or of an institution wholly for charitable/religious purpose is exempt, if 85% of the income is spent on the objects of the trust, during the year. If the amount spent is less than 85% of the income, the shortfall is taxable. The Income Tax Act exempts the income of a charitable trust from the scope of Income Tax. If the charitable or religious trust spends more than or equal to 85% of its total receipts towards its object in India, then there is no tax on balance 15%..

Easy loan processing :-

Income Tax return filling helps charitable trusts in taking loan from various Financial Institutions. Most of the banks and NBFCs ask for ITR receipts from business for latest three year when a business applies for a high-value loan like long term loan or working capital loan. Lenders consider ITR as the most authentic document supporting business turnover and income. Hence, you should regularly file income tax return if you want to take loan in the future.\

Define net worth :-

The ITR filed with the Government defines the financial worth of a company. Return filling help in tracking the net worth of an entity it shows companies turnover, its assets and income, the track of ITR shows the financial capacity and also increases the capital base of a person.

NGO

1.Change Report.
2.Translation Of Trust Deed In English.
3.Certified Moa From Charity.
4.Writing Meeting Minutes.
5.Annual Report

Software & Web Application

1) Mobile Application 
2) Website Development 
3) Software Development 
4) IT Consultant 

Loan & Subsidy

Chief Minister Employment Generation Programme (CMEGP)

Government of Maharashtra has approved the introduction of a new credit linked subsidy programme called Chief Minister Employment Generation Programme (CMEGP) for generation of employment opportunities through establishment of Micro & Small Enterprises (project cost limited to Rs. 50 lacs) in rural as well as urban areas in the state.

 

Categories of beneficiaries under CMEGP

Beneficiary’s Contribution (of project cost)

Rate of subsidy (of project cost)

Area (location of project/unit)

 

Urban

Rural

General Category

10%

15%

25%

Special Category (includes SC / ST /Women/ Exservicemen / differently abled)

5%

25%

35%

The maximum cost of the project/unit admissible under manufacturing sector is Rs.50 lakh. However, if the actual project cost is higher than the prescribed limit and the applicant seeks to become eligible under the scheme by manipulation (by reducing the cost of project) then such projects/units will not be considered.

The maximum cost of the project/unit admissible under service , Agro-based/ Primary Agro processing sector, E-vehicle based goods transport and other businesses, single brand service ventures (single brand-based chains, mobile service ventures) is Rs.10 lakhs.

Beneficiary’s Contribution in the project cost will be 5% to 10 % as per the Categories of Beneficiaries under CMEGP scheme and balance amount of the total project cost will be provided by Banks as term loan.

Loan & Subsidy

PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (PMEGP)

Prime Minister’s Employment Generation Programme (PMEGP) scheme announced by Hon’ble Prime Minister of India on 15th August, 2008 in his address from Red Fort.

This is credit linked Scheme of Govt. of India by merging erstwhile REGP and PMRY scheme. KVIC is the Nodal Agency at National Level.

 

OBJECTIVES

  • To generate continuous and sustainable employment opportunities in Rural and Urban areas of the country
  • To provide continuous and sustainable employment to a large segment of traditional and prospective artisans, rural and urban unemployed youth in the country through setting up of micro enterprises.
  • To facilitate participation of financial institutions for higher credit flow to micro sector.

 

ELIGIBILITY

  • Individuals above 18 years of age.
  • VIII Std. pass required for project above Rs.10.00 lakhs in manufacturing and above Rs. 5.00 lakhs for Service Sector.
  • Self Help Groups and Charitable Trusts.
  • Institutions Registered under Societies Registration Act- 1860.
  • Production based Co-operative Societies

 

 

 

 

Categories of beneficiaries under PMEGP

Beneficiary’s Contribution (of project cost)

Rate of subsidy (of project cost)

Area (location of project/unit)

 

Urban

Rural

General Category

10%

15%

25%

Special Category (includes SC / ST /Women/ Ex-servicemen / differently abled)

5%

25%

35%

Bank Loan Services

  • Bank Loan Services
  1. MSME Loan (Term Loan)
  2. MSME Loan (Cash Credit Loan)
  3. Project Report / DPR preparation

 

  • Term Loan -for Purchase of Industrial Plot, Commercial Shop or Office, Factory and Plant & Machinery
  • Working Capital Finance - by way of Cash Credit (CC), Overdraft Facility (OD), Bank Guaranteed (BG), Letter of Credit (LC) etc.
  • Annuity Discounting for HAM infrastructure Project, EPC Contracts finance to Government Infrastructure Contractors.
  • Lease Rental Discount.
  • Loan Against Property.
  • Restructuring of existing loan.

We Serve Excellence.