Did you know you can take a 10 lakh loan for business and not even repay it all? Thanks to the CM…
Did you know you can take a 10 lakh loan for business and not even repay it all? Thanks to the CMEGP (Chief Minister's Employment Generation Programme), new entrepreneurs get loan + subsidy support to kickstart their ventures. Here's the catch: the subsidy depends on your location & category. In urban areas, general applicants get 15% subsidy, while OBC/SC/ST/ Minorities get 25%. In rural areas, it's even better - 25% for general and 35% for reserved categories. That means the more subsidy you get, the less you actually repay! You can use CMEGP to set up businesses like paper bags, bakery, furniture, welding, agarbatti, soap, and detergent units - with projects up to 25L eligible. The process is simple: apply online, upload docs (Aadhaar, bank passbook, project report, etc.), attend training, and the District Industries Center (DIC) will help process your loan. A golden chance for aspiring entrepreneurs! Would you apply?