Economics · Government Schemes and Entrepreneurship
An 8th-pass female artisan from an OBC background wants to modernize her rural leather workshop with a project cost of ₹45 lakh. She is choosing between PMEGP and Stand-Up India. Based on the guidelines of both schemes, which of the following assessments is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1PMEGP Rural Subsidy: ₹15.75 lakh; Stand-Up Max Loan: ₹100 lakh; PMEGP manufacturing requires EDP; She cannot apply for both for the same project.✓
- 2PMEGP Rural Subsidy: ₹11.25 lakh; Stand-Up Max Loan: ₹100 lakh; Both require EDP; She can combine both schemes for the same project.
- 3PMEGP Rural Subsidy: ₹15.75 lakh; Stand-Up Max Loan: ₹10 lakh; Neither requires EDP; She cannot apply for both for the same project.
- 4PMEGP Rural Subsidy: ₹6.75 lakh; Stand-Up Max Loan: ₹50 lakh; Stand-Up requires EDP; She can combine both schemes for the same project.
Correct answer
PMEGP Rural Subsidy: ₹15.75 lakh; Stand-Up Max Loan: ₹100 lakh; PMEGP manufacturing requires EDP; She cannot apply for both for the same project.
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