In short: On 28 October 2026 the Ministry of MSME released ₹1,000 crore of margin money subsidy under the Prime Minister’s Employment Generation Programme (PMEGP). The money supports 11,333 new micro-enterprises, for which banks have sanctioned loans of about ₹3,260 crore. The ministry expects these units to create over 1.02 lakh jobs.
The numbers
- Who announced it: Union MSME Minister Jitan Ram Manjhi, at Kartavya Bhawan in New Delhi. Minister of State Shobha Karandlaje and MSME Secretary Bharat Khera were also present.
- Women: about 40% of enterprises are women-owned.
- Who else benefits: nearly 80% of units are in rural areas, and nearly half of beneficiaries are from SC, ST or OBC communities.
- This year so far (before this release): 25,895 micro-enterprises supported and ₹794.52 crore of subsidy in 2026–27.
- Since 2014–15: over 8.38 lakh enterprises, more than ₹70,000 crore of bank loans and over ₹25,193 crore of subsidy.
What it means for you
PMEGP is still one of the few schemes that gives a capital subsidy, not just a loan, for a new manufacturing or service unit. Women applicants count as a special category. They contribute less of their own money and get a higher subsidy rate than general-category applicants. The scheme is run by KVIC, and applications go through the PMEGP portal, which moved to pmegp.msme.gov.in this year. Approval depends on a bank sanctioning your loan, so a solid project report matters.
Related: PMEGP subsidy for women, step by step · How to write a project report for a bank loan
Sakhi Sangini News Desk · 31 October 2026. Facts are as reported on the dates shown; confirm with the official source before you act. General information, not legal, tax or financial advice.
Sources:
