PMEGP Loan Documents List

The Prime Minister’s Employment Generation Programme (PMEGP) is an initiative by the Government of India to promote self-employment through the provision of financial assistance. To apply for a PMEGP loan, applicants need to provide a comprehensive set of documents. Below is a detailed list of the essential documents required to successfully apply for a PMEGP loan.

1. Application Form:

• The primary document needed is the filled application form for the PMEGP loan. This form can be obtained from the District Industries Centre (DIC) or the KVIC website. Ensure that the form is completed with accurate details.

2. Identity Proof:

• Aadhaar Card: This is the most widely accepted form of identity proof. It verifies the applicant’s identity and address.
• Passport: In the absence of an Aadhaar Card, a valid passport can be used.
• Driving License: This can also serve as an identity proof if other documents are unavailable.
• Voter ID: This can be used to prove identity and address.

3. Address Proof:

• Utility Bills: Recent bills of electricity, water, or gas can serve as address proof.
• Rental Agreement: A notarized rental agreement along with a utility bill in the landlord’s name can be used.
• Property Documents: For applicants owning property, documents like property tax receipts or ownership certificates can be provided.

4. Educational Qualification Certificates:

• Degree Certificates: Applicants must submit their highest educational qualification certificates.
• Diplomas and Certificates: Any additional diplomas or vocational certificates related to the business they plan to undertake should also be provided.

5. Business Plan:

• Detailed Business Plan: A comprehensive business plan outlining the nature of the business, market analysis, financial projections, and operational strategy.
• Project Report: This includes the details of the proposed project, expected outcomes, and the financial requirements.

6. Bank Account Details:

• Bank Statements: Recent bank statements of the applicant’s account.
• Account Details: A copy of the passbook or account statement of the business bank account where the loan amount will be credited.

7. Proof of Age:

• Birth Certificate: A government-issued birth certificate can be used as proof of age.
• Educational Certificates: Certificates from schools or colleges indicating the date of birth can also be submitted.

8. Proof of Caste (if applicable):

• Caste Certificate: For applicants belonging to reserved categories, a caste certificate issued by a competent authority is required.

9. Income Proof:

• Income Tax Returns (ITR): The latest ITR can be submitted as proof of income.
• Salary Slips: If employed, recent salary slips or an employer’s certificate can be provided.

10. Collateral Documents (if applicable):

• Property Documents: If the loan requires collateral, documents related to the property or asset being offered as security.
• Valuation Report: A report from a registered valuer detailing the value of the collateral.

11. Legal Documents:

• Company Registration Certificate: For business entities, a certificate of registration or incorporation.
• Partnership Deed: If the business is a partnership, a partnership deed signed by all partners.

12. Passport-sized Photographs:

• Photographs: Recent passport-sized photographs of the applicant, typically 2-4 photographs.

13. KYC Documents:

• Know Your Customer (KYC) Documents: These include forms and documents required by the bank or financial institution for verification purposes.

14. Other Relevant Documents:

• Any Additional Documents: Depending on the specific requirements of the lender or the nature of the business, additional documents may be required.

Applicants are advised to cross-check the specific requirements with their local District Industries Centre (DIC) or the nearest KVIC office, as documentation requirements can vary based on the location and type of business. It is crucial to ensure that all documents are up-to-date and correctly filled out to avoid delays in the processing of the loan application.