PMEGP: ₹24,398 Crore Subsidy, 8.12 Lakh Units, 73 Lakh Jobs
Since 2014-15, PMEGP has given ₹24,398.61 crore in subsidy to 8.12 lakh micro enterprises, creating 73.08 lakh jobs. How the scheme works and who can apply.
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“PMEGP: ₹24,398 Crore Subsidy, 8.12 Lakh Units, 73 Lakh Jobs”
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3 Oct 2026
Key Highlights
- The scale: 8.12 lakh micro enterprises have received ₹24,398.61 crore in margin money subsidy since FY2014-15.
- Jobs: These units have created employment for 73.08 lakh people.
- Per unit: That averages about ₹3 lakh in subsidy and nine jobs per enterprise.
- Success stories: A ₹25 lakh soap unit in Himachal now earns ₹30 crore a year; a ₹21 lakh food unit in Punjab exports to 26 countries.
- Subsidy range: 15% to 35% of project cost, depending on category and location.
The Prime Minister's Employment Generation Programme (PMEGP) has helped nearly 8.12 lakh micro entrepreneurs set up businesses since FY2014-15, with margin money subsidy worth ₹24,398.61 crore, according to the government. These enterprises have created jobs for 73.08 lakh people.
Run by the Ministry of MSME and implemented by the Khadi and Village Industries Commission (KVIC), PMEGP supports new non-farm micro enterprises, especially in rural and semi-urban areas, through a subsidy on bank loans.
What the Numbers Mean
| Indicator | Figure |
|---|---|
| Average subsidy per enterprise | ~₹3 lakh |
| Average jobs per enterprise | ~9 |
| Subsidy per job created | ~₹33,400 |
Calculated from government figures.
