Chief Minister Self Employment Scheme
The Karnataka government has introduced the ‘Chief Minister’s Self Employment Scheme’ (CMEGP) with the original intention of creating self-employment opportunities in the state. Under this scheme, the state government will provide loans up to Rs. 10 lakhs. The subsidy will be available from 25-35. The primary objective of the CM Self Employment Scheme is to make it more favorable for rural entrepreneurs. The government provides financial co-operation and training to startups.
The project is being implemented in collaboration with the Karnataka Khadi and Village Industries Board (KVIB) and the Department of Industry and Commerce. Beneficiaries make up about one percent of the total cost of the project. Must pay 5-10. Govt. 25-35 subsidy.
Lending banks
- Public Sector Banks
- Regional Rural Banks (RRB)
CM Self Employment Scheme Eligibility
- The scheme applies only to the natives of Karnataka
- Normal class age limit: 21-35 years
- Percentage of project 10 percent cost.
- Age, Limit, Age Limit: 21-45 years
- Percentage of project 5 percent cost.
- Entrepreneurship Development Training (EDP) is mandatory for beneficiaries
- A family can only install one unit.
- The subsidy will be given only to rural youth for a period of three years.
Required documentation
- Project report
- Passport photo
- Records of academic eligibility and age
- Ration Card / Voter ID
- EDP Training Certificate
- Rural Candidate Certificate
- Letter of Gram Panchayat
- Caste Certificate
- X Service Men
- Disabled Certificate
- Equipment Purchase List
How to Apply Online
Follow this procedure to apply for a loan under the CM Self Employment Creation Scheme.
- Step 1: First visit the official website cmegp.kar.nic.in
- Step 2: On the home page, click on the “Apply Online” link and then on the CMEGP Online Application Submission page
- Step 3: Candidates here need to select the agency and enter the Aadhaar number and click on the “Continue” button.
- Step 4: Then, the online application form of the CM Self Employment Scheme opens.
- Step 5: In this CMEGP application form, candidates must enter the required details, address, eligibility, EDP training, target unit, project cost, financing methods, bank details, loan details, grant and subsidy details and click on the “Save to Complete Application Process” button.
- Step 6: Candidates can take a printout of the completed application form of the CM’s self-employment project.
- This printout of the CMEGP application form with detailed project reports and supporting documents must be submitted to the respective offices. Candidates can log in using a username and password to check more details. Applicants can also review how to apply for CMEGP online if they have any trouble understanding the online application process.
Central or State Information: State
Location : Karnataka India
Published Date : 2021
Information Term : Short in
Purpose of Information : Employee
Information Format : JPJ
Information Size : 672kb
Number of Pages : 02
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Password Protected : No
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