Bank loan up to 25 lakh from PMEGP – Bank loan up to 25 lakh from PMEGP

Ram Singh Verma, Chief Development Officer, said that under the Prime Minister’s Employment Generation Program on behalf of the UP Khadi Village Industries Board, banks will provide loans of up to 25 lakh for business start-ups in the service and product sectors is. It is planned to grant up to 8.75 lakhs on 35 percent of the beneficiary’s project amount. After starting a business in rural areas, the beneficiary will receive the maximum interest of 13 percent for three years in accordance with the regulations. Online applications are made as part of the program. The system is completely transparent to receiving grants due to the online system. The Chief Development Officer has directed all Block Development Officers to set up the mandatory online portal Kviconline.gov.in within 15 days by attaching at least 50 loan applications from their development block by attaching details of the scheme, desired records and model project report . However, apply by selecting the agency so that more jobs can be created at the village level.

Ram Singh Verma, Chief Development Officer, said that under the Prime Minister’s Employment Generation Program on behalf of the UP Khadi Village Industries Board, banks will provide loans of up to 25 lakh for business start-ups in the service and product sectors is. It is planned to grant up to 8.75 lakhs on 35 percent of the beneficiary’s project amount. After starting a business in rural areas, the beneficiary will receive the maximum interest of 13 percent for three years in accordance with the regulations. Online applications are made as part of the program. The system is completely transparent to receiving grants due to the online system. The Chief Development Officer has directed all Block Development Officers to set up the mandatory online portal Kviconline.gov.in within 15 days by attaching at least 50 loan applications from their development block by attaching details of the scheme, desired records and model project report . However, apply by selecting the agency so that more jobs can be created at the village level.

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( News Source – Amar Ujala )

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