Economics · Government Schemes
An applicant from the General Category in an Urban Area seeks a loan under the Prime Minister's Employment Generation Programme (PMEGP), implemented by KVIC, for a new Service Unit with a project cost of ₹18 Lakh. Calculate the Margin Money (Subsidy) that will be released by KVIC for this project and the minimum amount the beneficiary is required to contribute towards the project cost.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Margin Money: ₹2.70 Lakh; Beneficiary Contribution: 10% (₹1.80 Lakh)✓
- 2Margin Money: ₹1.80 Lakh; Beneficiary Contribution: 15% (₹2.70 Lakh)
- 3Margin Money: ₹3.60 Lakh; Beneficiary Contribution: 10% (₹1.80 Lakh)
- 4Margin Money: ₹4.50 Lakh; Beneficiary Contribution: 5% (₹0.90 Lakh)
Correct answer
Margin Money: ₹2.70 Lakh; Beneficiary Contribution: 10% (₹1.80 Lakh)
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