Banking · PMEGP Guidelines and Subsidy
A Scheduled Commercial Bank receives an application under the PMEGP for a Service Sector project located in a Tier-1 Metropolitan City from an individual applicant belonging to the General Category. The applicant proposes a Total Project Cost (TPC) of INR 25 lakhs. The bank processes the application but faces two crucial procedural constraints: the maximum eligible TPC for the Service Sector and the General Category subsidy limits for the metropolitan area. Considering the updated PMEGP guidelines (as on 2025), what is the maximum eligible Margin Money (Subsidy) that the applicant can avail, and what is the minimum Beneficiary's Own Contribution (BOC) required for the Maximum Eligible Project Cost?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Maximum MM: INR 2.50 lakhs (25% of INR 10 lakhs). Minimum BOC: INR 1.00 lakh (10% of INR 10 lakhs).
- 2Maximum MM: INR 3.00 lakhs (15% of INR 20 lakhs). Minimum BOC: INR 2.00 lakhs (10% of INR 20 lakhs).✓
- 3Maximum MM: INR 3.75 lakhs (25% of TPC). Minimum BOC: INR 1.25 lakhs (5% of TPC).
- 4Maximum MM: INR 5 lakhs (20% of TPC). Minimum BOC: INR 2.50 lakhs (10% of TPC).
Correct answer
Maximum MM: INR 3.00 lakhs (15% of INR 20 lakhs). Minimum BOC: INR 2.00 lakhs (10% of INR 20 lakhs).
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