Scheme Name: Chief Ministers Self Employment Generation Programme (CMEGP)

State: Karnataka

Description of the Scheme: Provide all necessary assistance and facilitation for setting up micro enterprises by first generation entrepreneurs, groom them on essential of conceiving new ideas, planning, building project proposal, getting them loans/subsidies under the various loan schemes from Nationalised/Commercial banks, Regional Rural Banks so as to enable them to become self employed and create additional avenue for employment.
Scheme is implemented by District Industries Centre and Karnataka State Khadi and Village Industries Board

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance: General category: 25% subsidy on the project cost (Maximum Rs.2.50 lakhs)
Special category (SC/ST, Backward Community, Minorities, Women, Ex-servicemen/Physically handicapped): 35% subsidy on the project cost (Maximum Rs.3.50 lakhs)
Entrepreneur belonging to general category will have to invest 10% of project cost. In case entrepreneur of SC/ST/OBC/ Minority/Women/Ex-servicemen/physically handicapped will have to invest 5% of project cost.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: DIC/KVIB's have to invite applications for financial assistance from eligible candidates and receive applications online
www.cmegp.kar.nic.in

Whom to Contact: Joint Director, District Industries Centre, District
District Officer, Karnataka Khadi and Village Industries Board, District