CM Self Employment Scheme (CMEGP)
CM Self Employment Scheme (CMEGP)
The Government of Karnataka has introduced the Chief Minister Self Employment Scheme (CMEGP) to create self-employment opportunities in the State. Under CMEGP scheme, Government provides a subsidy on loan for the rural entrepreneurs to start a new business. The Karnataka Government implements this scheme in consultation with District Officers of Karnataka Khadi and Village Industries Board (KVIB) and Joint Director of Department of Industries and Commerce (DIC). In this article, we will look at CM Self Employment Scheme (CMEGP) in detail.
Objective of CMEGP Scheme
The objective of CM Self Employment Scheme (CMEGP) as follows:
- To create employment opportunities in Karnataka
- To provide and support self-employment in the state
- To empower rural youth of Karnataka
- To provide entrepreneur development training
The maximum project cost allowed under CM Self Employment Scheme (CMEGP) is Rs.10.00 lakhs per unit.
Component of Project Cost
Capital Expenditure Loan, one cycle of working capital. The general category entrepreneur need to pay 10% of project cost as own contribution, and the SC / ST / OBC /Minorities/Women, Ex-servicemen, Physically disabled category entrepreneur have to pay 5% of project cost.
Criteria of Project
The main criteria of the project for obtaining a loan under CM Self Employment Scheme (CMEGP) are explained in detail below:
- The project should be Rural Area project
- Per capita investment
- Own contribution is needed for CMEGP scheme
- Negative list and the unit should be a new one
Government Subsidy or Margin Money admissible under the CM Self Employment Scheme (CMEGP) is tabulated here:
|Sl.No||Categories of beneficiaries||The rate of Subsidy of a project cost|
|1||Area (location of project/unit)||Rural|
|3||Special (including SC / ST / OBC / Women Minorities/ Ex-servicemen, Physically handicapped)||35%|
Working Capital at least once should touch 100% limit of Cash Credit within three years of Lock-in period of M.M. and not less than 75% of the utilisation of the sanctioned limit on an average. The lock period for Government Subsidy is three years.
The financial agencies for CM Self Employment Scheme (CMEGP) are Public Sector Banks and Regional Rural Banks (RRB).
Entrepreneur Development Training
The government of Karnataka provides Entrepreneur Development (EDP) Training under CM Self Employment Scheme (CMEGP). The EDP training will be completed at Centre for Entrepreneurship Development of Karnataka (CEDOK) and Rural Development & Self Employment Training (RUDSET).
The eligibility criteria for CM Self Employment Scheme (CMEGP) are explained in detail below:
- CMEGP scheme is applicable only for the permanent residence of Karnataka
- The family can set-up only one unit under CMEGP scheme
Age Limit of Entrepreneur
|Sl.No||Categories of Beneficiaries under CMEGP||Age of beneficiaries|
|Special (SC / ST / OBC /Minority Special (SC / ST / OBC / Minorities/Women, Ex-servicemen, Physically handicapped)|
The following documents are required for CMEGP scheme is listed below:
- Detailed project report (DPR)
- Recent passport photograph
- Educational qualifications
- Age proof
- Voter ID/Ration Card
- EDP training certificate
- Rural certificate for the proposed unit
- Ex-servicemen certificate
- Permission from Gram Panchayat
- Caste Certificate in case of SC, ST, OBC, MIN
- Physically handicapped certificate
- List of machinery to be purchased
Date for Application Submission
The government of Karnataka will give advertisements locally through official website of CMEGP, print and electronic media inviting applications along with the project proposals from prospective beneficiaries desirous of establishing the enterprise or start of service units under CMEGP.
CM Self Employment Scheme offline Application Procedure – Offline Method
The procedure for applying CM Self Employment Scheme (CMEGP) is explained in detail below:
Step 1: You need to access the Joint Director District Industries Centre District and District Officer Karnataka Khadi and Village Industries Board District.
Step 2: Submit an application form for CM Self Employment Scheme in the prescribed format along with the supporting documents. Provide the following details in the application form:
- Name of the applicant
- Father’s/Husband’s Name
- Gender and Date of Birth
- Address and Category
- Details of EDP
- Address of proposed Unit
- Finance details
We have here with attached an application form for CM Self Employment Scheme:ANNEXURE-1
Step 3: After verifying the application and documents, the concerned authority will sanction the loan.
CM Self Employment Scheme Online Application Procedure
The procedure for applying CM Self Employment Scheme (CMEGP) through Online is explained in detail below:
Step 1: The entrepreneur needs to access the home page of the Chief Ministers Self-Employment Generation Programme (CMEGP) Karnataka.
Step 2: From the home page, select the Online Application option. The link will redirect to new page.
Step 3: From the new page, select the agency and provide the Aadhar number. Once the Aadhar number is verified. The application form will be issued.
Step 4: You need to provide all details in the CM Self Employment Scheme application such a Name of the applicant, Father’s/Husband’s Name, Gender and Date of Birth, Address and Category, Qualification, Details of EDP, Address of proposed Unit and Finance details.
Step 5: Once the application form is filled, click on the save button and then take a print out of CMEGP application form.
Step 6: Submit the application form along with the relevant document to Joint Director District Industries Centre District and District Officer Karnataka Khadi and Village Industries Board District.
After verifying the application and documents, the concerned authority will sanction the loan.
CMEGP Application Status
The entrepreneur, who has applied for the CMEGP scheme, can check the status of the application.
Visit the Chief Ministers Self-Employment Generation Programme homepage.
Select the status option from the home page; the link will redirect to new page.
Provide the application ID and captcha code. By clicking on the view button, you can get the status CMEGP scheme application.