PMEGP loan Aadhar card: Loan up to ₹ 50 lakh will be available on Aadhar card, government will give 35% subsidy

PMEGP Loan Aadhar Card: Friends, today we are talking about a scheme through which the government gives you Rs. It gives a loan of up to 10 lakhs and also gives you 35% subsidy. With PMEGP Aadhar Card Loan Scheme, you can get a loan of not only Rs 10 lakh but up to Rs 50 lakh. Know how you can apply and get its benefits, we will talk about this in detail in this article.

With this scheme you can easily get a loan of up to Rs 50 lakh using Aadhar card. For the welfare of the people, the central government has come up with schemes up to Rs 50 lakh for your business, getting a loan of up to Rs 50 lakh only through your Aadhar card will help them move towards self-reliance with 35% subsidy. Also it depends on your area how much your subsidy will be, because for rural areas the central government will give 35% subsidy on government loan and for cities the government will give 25% subsidy.

Whether it is the manufacturing sector or the service sector, a person who is looking for a business loan and wants to start his own business can easily get a loan under this scheme. Under this scheme, rural residents have to repay only 65% ​​of the total loan. At the same time, those living in urban areas have to repay only 75% of the loan. This loan can be easily repaid within 3 to 7 years. The most important thing is that there is no need to give any guarantee for schemes up to 10 lakhs. In this article we are going to explain in more detail about PMEGP Loan Aadhar Card Scheme and how you can apply and avail it.

pmegp loan aadhar card

The central government has started this scheme especially to provide employment opportunities to the unemployed. You can easily get Rs. 10 lakh from Aadhar card. Through this, the government gives you a loan of up to Rs 10 lakh and not only this, but also gives 35 percent subsidy. PMEGP Aadhar Card Loan Through this scheme, you can get a loan of up to Rs 50 lakh instead of Rs 10 lakh. Under this scheme, rural residents have to repay only 65% ​​of the total loan. Whereas, people living in urban areas have to repay only 75% of the loan. This loan can be easily repaid within 3 to 7 years. The most important thing is that there is no need to give any guarantee for schemes up to Rs 10 lakh.

PMEGP loan up to 10 lakh with Aadhaar card

The central government is providing loans up to Rs 10 lakh to make the youth of the country self-reliant and start their own business. Under the PMEGP scheme, this loan is available at a very low interest rate, which is very important for everyone. Under this scheme, subsidy of up to 35% is given in rural areas and up to 25% in urban areas, which makes repaying the loan quite easy.

PMEGP Loan Get Rs 50 Lakh With Aadhar Card

Under the PMEGP scheme, manufacturing units will get a loan of Rs 50 lakh and service units will get a loan of Rs 20 lakh. This program is very useful for those who want to start their own business or service business. Let us know the eligibility and other important information of this scheme.

PMEGP Loan Age Limit & Educational Qualification

The government has fixed the educational qualification and age limit for taking PMEGP loan. This loan is given to the youth who have passed 10th or 12th class. Youth between the age of 18 to 40 years are eligible for this loan so that they can move forward in the professional field.

Benefits and Features of PMEGP Credit Aadhar Card

1. No collateral is required for availing loan up to ₹10 lakh.
2. The government gives subsidy of 25% to 35% on this loan.
3. This loan is provided under the Pradhan Mantri Employment Generation Scheme.
4. Through this, youth can create their own employment.
5. This scheme is important for reducing the unemployment rate in India.
6. The interest rate on PMEGP Aadhar Card loan is very low.
7. Once you apply, you can avail the loan from listed banks.
8. The government also provides 7 days training to the beneficiaries under this scheme.
9. The cost of land is not included in the project price.

By getting PMEGP loan youth can make their dreams come true and become self-reliant.

Eligibility Criteria for PMEGP Loan Aadhar Card

1. Any person above the age of 18 years can apply for this loan. 2. There is no income limit to apply under this scheme.
2. For schemes up to Rs 10 lakh in manufacturing sector and Rs 5 lakh in service sector, the beneficiary must have passed at least 8th class.
3. This assistance is available only for new projects specifically approved under PMEGP.
4. Existing units and units receiving any government subsidy are not eligible for this loan.
5. No capital expenditure scheme (term loan) is eligible.
6. The cost of land cannot be included in the project price.
7. All the implementing agencies like KVIC, KVIB, DIC and Choir Board can process the applications in rural and urban areas.
8. The applicant must have a valid Aadhaar number.
9. The applicant has to give his/her consent to verify the demographic details such as Aadhaar number, name, gender, date of birth and mobile number from the UIDAI server.

Documents Required for PMEGP Loan Aadhar Card

• Aadhar card
• PAN card
• caste certificate
• Bank passbook
• evaluation sheet
• email address

PMEGP Loan Aadhar Card Online Application Process

1. First of all go to the official website.
2. Click on PMEGP Loan link.
3. Enter all the required information asked in the Registration Form.
4. Upload all required documents.
5. Click on Submit.
6. After verification of the form the loan amount will be transferred to your bank account.

With this simple and effective process you can easily avail loan up to Rs.50 lakh using Aadhar card and make your business dream come true.

PMEGP Loan Aadhar Card Subsidy 2024

It is very important to know about the subsidy available under this scheme. If a person takes a loan of ₹ 1,00,000 then he gets a subsidy of ₹ 15,000 at the rate of 15%.

Frequently Asked Questions

How to take PMEGP loan?

1. First of all go to the official website.
2. Click on PMEGP Loan link.
3. Enter the required information in the registration form.
4. Upload all required documents.
5. Click on Submit.

How to check PMEGP loan status?

1. Visit the official website of PMEGP.
2. Click on ‘Registered Applicant Login Form’.
3. Enter your ID and password and login.
4. Track the status of your PMEGP loan application by clicking on ‘View Status’.

Documents Required for PMEGP Loan

1. Aadhar card
2. PAN card
3. Project Report

What is an interest free loan?

Pradhan Mantri Swanidhi Yojana: Launched by Prime Minister Narendra Modi in 2020, this scheme provides interest-free loans to street vendors. Loans ranging from Rs 10,000 to Rs 50,000 are provided under this scheme.

With this information you can learn about the different types of loans and their processes and choose the right option for your business or personal needs.

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