All Government Schemes

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💼 Business & EntrepreneurshipState/ UT

CHIEF MINISTER EMPLOYMENT GENERATION PROGRAMME (CMEGP)

Government of Maharashtra has approved the introduction of a new credit linked subsidy program called Chief Minister Employment Generation Program(CMEGP) for generation of employment opportunities through establishment of Micro & Small Enterprises in rural as well as urban areas in state.

💰Categories of beneficiaries under CMEGPBeneficiary’s Contribution (of project cost)Rate of subsidy (of project cost)Area (location of project/unit)UrbanRuralGeneral Category10%15%25%Special Category (includes SC / ST /Women/ Ex- servicemen / differently abled/VJNT/OBC/Minority)5%25%35%
💼 Business & EntrepreneurshipState

LIDCOM Training Scheme

Being implemented particularly for the Charmakar Community, the "Training Scheme" is a scheme by the Leather Industries Development Corporation (LIDCOM), Govt. of Maharashtra. This scheme is being implemented for the students to enable them to start their own businesses, trade, or get a job.

💼 Business & EntrepreneurshipCentral

PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)

PM SVANidhi is a micro-credit scheme launched on 1st June 2020 by the MoHUA to provide handholding support to street vendors. The scheme facilitates a working capital collateral-free loan of ₹10,000, with subsequent loans of ₹20,000 and ₹50,000 with a 7% interest subsidy.

💰Financial assistance of up to ₹10,000 is provided to street vendors to help them restart and expand their businesses. | - The loan is provided at a low-interest rate of 7%, making it easier for street vendors to repay the loan. | - No collateral is required to avail of the loan, making it more accessible to street vendors. | - There is no processing fee to apply for the scheme, making it cost-effective for street vendors. | - The loan amount can be used for any purpose related to the street vending business, such as buying raw materials, paying rent, or purchasing equipment. | - The scheme provides financial stability to street vendors and helps them to become self-reliant. | - The loan repayment period is one year, which gives street vendors sufficient time to repay the loan. | - The scheme encourages entrepreneurship and helps to create employment opportunities. | - The scheme is aimed at providing financial assistance to street vendors affected by the COVID-19 pandemic, helping them to recover from the economic impact of the pandemic. | - The scheme is implemented at the national level and is available in all States and Union Territories, making it accessible to street vendors across the country.