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  • OBJECTIVE
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    • 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
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    • 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
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    • Current and well accomplished PMEGP/MUDRA units.
  • DETAILED INFORMATION
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    • 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 who have been financed under PMEGP/MUDRA Scheme whose margin money claims have been addressed and first loan availed has been repaid in stated time are qualifying 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.
HOW TO APPLY

By responding to the advertisements to be given by the State / Divisional Directors of KVIC locally through print & electronic media inviting applications along with project proposals from prospective beneficiaries / SHGs etc.

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    2nd Loan for up-gradation of the existing PMEGP/MUDRA units 
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