PMEGP Loan Calculator

The Prime Minister's Employment Generation Programme (PMEGP) is a government-backed loan scheme in India designed to promote entrepreneurship and generate employment opportunities. This comprehensive calculator helps you plan your PMEGP loan application by calculating monthly EMI, eligibility, loan amounts, and repayment schedules.

PMEGP loans are available through various banks including State Bank of India (SBI) and other participating financial institutions. The scheme offers attractive interest rates and government subsidies based on your category - general, SC/ST, women entrepreneurs, or North East region applicants. Subsidies can range from 15% to 25% of the project cost, significantly reducing your effective loan amount and monthly payments.

Use the EMI Calculator to determine your monthly installments based on loan amount, interest rate, and tenure. The EMI Calculator with Subsidy helps you understand how government subsidies reduce your loan burden. The Eligibility Calculator estimates your maximum loan amount based on your income and existing obligations. The Loan Amount Calculator works backwards from your desired monthly payment to determine the maximum loan you can afford. Finally, the Repayment Calculator shows how long it will take to repay your loan based on a fixed monthly EMI.

All calculations support SBI and other bank rates, and you can export payment schedules to CSV format for detailed financial planning. Whether you're planning a manufacturing unit or a service business, this calculator provides accurate estimates to help you make informed decisions about your PMEGP loan application.