PMEGP Govt Loan: The PMEGP (Prime Ministers Employment Generation Programme) is a funding initiative that helps MSMEs in expanding or stabilizing their current businesses. Individuals who want to start a new business can also get this loan.

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The initiative is implemented by the Khadi and Village Industries Commission (KVIC), which serves as the national nodal body. State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs), and banks operate the plan at the state level. In such circumstances, KVIC routes government subsidies through selected banks, with the funds eventually being sent directly to the recipients/entrepreneurs' bank accounts.

PMEGP Scheme: Loan Structure
The maximum cost of the project/unit allowable in the construction sector is Rs.25 lakh and in the business/service sector it is Rs.10 lakh.
Beneficiary rate subsidy categories under the PMEGP (of project cost)
Area (Project/Unit Location)
General Category: 15% (Urban), 25% (Rural),
Special Category: 25% (Urban), 35% (Rural)
(This includes SC/ST/OBC/Minorities/Women, Ex-Servicemen, Physically Handicapped, NER, Hilly and Border Areas, and so on.)

https://www.kviconline.gov.in/pmegpeportal/pmegphome/index.jsp and take the printout of the application and submit the same to respective offices along with the Detailed Project Report and other required documents.

Whom to contact?
State Director, KVIC
Address available at http://www.kviconline.gov.in
Dy. CEO (PMEGP), KVIC, Mumbai
Ph: 022-26711017
Email: ykbaramatikar[dot]kvic[at]gov[dot]in

Note: For any queries and details visit the official website.