The Ministry of Micro, Small and Medium Enterprises announced on 28 October 2026 the release of ₹1,000 crore in Margin Money subsidy under the Prime Minister’s Employment Generation Programme (PMEGP). This funding supports 11,333 beneficiaries who have received bank loans totaling approximately ₹3,260 crore to start new micro-enterprises in the non-farm sector. The initiative is expected to create over 1.02 lakh jobs, primarily in rural areas. The release does not say when it takes effect.
Key points
- ₹1,000 crore subsidy released for 11,333 new micro-enterprises
- Facilitates bank credit of approximately ₹3,260 crore
- Expected to generate over 1.02 lakh sustainable employment opportunities
- Focuses on rural areas, women entrepreneurs, SC/ST communities, and the North Eastern Region
- Since FY 2014-15, the scheme has supported over 8.38 lakh micro enterprises
When it applies
- PMEGP transformational impact period
- PMEGP performance period
Who it affects
- aspiring entrepreneurs