Government weighs PMEGP extension to 2030-31 with ₹15,000 crore outlay
In short
The government is looking at extending PMEGP to 2030-31 with an estimated ₹15,000 crore outlay. It may also make it easier to apply by cutting paperwork and removing collateral needs.
This could help vulnerable, rural and first-time entrepreneurs get loans more easily. The plan is still under consideration, so no final decision is stated in the available reporting.
What the reporting says
The government is considering extending the Prime Minister’s Employment Generation Programme to 2030-31 with an estimated ₹15,000 crore outlay, while easing access for vulnerable, rural and first-time entrepreneurs. The reported changes include less documentation and no collateral requirements. The scheme has sanctioned ₹91,000 crore in loans so far, but the final decision and timing are not stated in the available reporting.
Why it matters
The government is considering a 5-year extension of PMEGP to 2030-31 with an estimated ₹15,000 crore outlay. The reported changes would reduce documentation and remove collateral requirements for vulnerable, rural and first-time entrepreneurs. The scheme has sanctioned ₹91,000 crore in loans so far. The reporting does not say whether the proposal has been approved or when it would take effect.