- OBJECTIVE
- The scheme aims at providing existing units with upgradation assistance regarding expansion, whereas financial assistance to the well set-up performing units. Furthermore, the scheme will also facilitate entrepreneurs towards automations and new technology modernization in the present unit.
- KEY BENEFITS
- Maximum subsidy allowance would be 15% of the total project cost (and 20% for Hill States and NER). The financing banks will provide the term loans as the balance amounts of the total project cost.
- SCHEME APPLICABLE FOR
- Existing and well accomplished PMEGP/MUDRA units.
- DETAILED INFORMATION
- Financial assistance schemes will enable the present PMEGP/MUDRA units towards upgradations and expansions for Service/ Trading units from the year 2018-19.
- Maximum cost of projects for upgradation under Service/Trading sector INR 25.00 lakh and INR 1.00 crore for the manufacturing sector.
- Maximum subsidy is 15% of the project and 20% of the Hills states and NER i.e. INR 15.00 lakh for Non-NER and INR 20.00 Lakh for Hill states and NER.
- Present units which have been financed under PMEGP/MUDRA Scheme whose margin money claims have been addressed and first loan availed has been repaid in stated time also qualify for these benefits.
- The units require to have a record of profits for the last three years.
- The beneficiaries are open to apply to the same financing bank that sanctioned the unit loan or to any other financing bank, whichever is facilitating credit for second loan.
- The beneficiaries are open to opt for any implementing agency, even if different from the existing agency for the first loan.
- Udyog Aadhar Memorandum (UAM) registration is compulsory.
- The 2nd loan should further give growth to opportunities and employment generation.
- The beneficiaries have to apply by filling application form on PMEGP e-Portal to submit the application under 2nd loan for up-gradation.
HOW TO APPLY
Click "Apply Now"
- DOWNLOAD2nd Loan for up-gradation of the existing PMEGP/MUDRA units
