PMEGP Loan Yojana 2024: Loan up to 50 lakhs with 35% subsidy

 You want to start your business, but you don't have money, so the solution to your problem is with us. Let us tell you that the government now provides loans to the youth of the country to make them self-reliant. The PMEGP loan scheme has been launched especially for the youth. The

So, if you want to get relief from unemployment and are interested in starting your own business, you can take a loan from the government. But the government gives loans only to those people who fulfill the eligibility criteria. For this you will not need many documents but you can take loan from your Aadhaar card. The

So if you want to start your own business then you can take advantage of PMEGP loan scheme. In today's article we will tell you what are the application process, eligibility, required documents etc. to take advantage of the scheme. .

PMEGP Loan Yojana 2024

The government is constantly trying to make the young citizens self-reliant. This is the reason why the government has started the PM AGP loan scheme. Through this scheme, you can get a loan of up to 50 lakh rupees from the government and start your business.

The best thing is that the interest rate of the loan you get through PM AGP Yojana is very low. If you live in a rural area then you are also given the benefit of 35% subsidy by the government.

Similarly, the government provides a subsidy of 25% to citizens living in urban areas. For information, tell that you can easily start your own business by getting subsidy and become self-sufficient.

Benefits of PMEGP Loan Scheme

• Through the scheme, small and middle class traders will get loans to do business.
• You can get a loan of up to 50 lakh rupees from the government as per your eligibility.
• You will also get subsidy on the loan you avail which is the biggest feature of this scheme.
• Citizens living in rural and urban areas will be given different subsidy amounts.
• Under the PMEGP loan scheme, the government will get help in eradicating the unemployment that is spreading in the country.
• You can also provide employment opportunities to other people by starting your own business.

Subsidy under PMEGP Loan Scheme

As we told you that if you take a loan through this scheme then the government also gives you subsidy. Thus you are given the benefit of 25% to 35% subsidy.

Let us also tell you here that any person can take a loan from 2 lakh rupees to 10 lakh rupees through PMEGP loan scheme. Let us tell you that the government provides loans according to the ability and qualification of every person to take a loan.

Eligibility for PMEGP Loan Scheme

• Applicant must have some qualification to do business.
• You can use your Aadhaar card to take a loan through this scheme.
• The beneficiary should be a resident of India only.
• The person must have studied at least upto 8th standard and his age must be between 18 years to 40 years.

Required Documents for PMEGP Loan Scheme

If you want to take a loan to start your business or to expand it, then you must have some documents:-

• Aadhaar Card
• Caste certificate
• PAN card
• Residence certificate
• Certificate of Education
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• Email Id
• Report your business project

How to Apply Online for PMEGP Loan Scheme?

• First you go to the official website to get PMEGP loan.
• After that you go to the home page and find the PMEGP loan link and click on it.
• Here now the registration form will open in front of you, enter all the information in it.
• Next, upload all the documents one by one and then press the submit button.
• Now the concerned authorities will verify your registration form after which the loan amount will be sent to your bank account. The