PMEGP or your state’s scheme: which gives more money? Enter your project cost, state and category. The tool runs PMEGP, Mudra and your state’s own scheme (15 states, from Maharashtra to Kerala) side by side and shows the best one. Free, no login.
PMEGP vs State Scheme vs Mudra: Which Gives You More?
Answer 8 questions. See every loan subsidy you can get in your state, side by side. PMEGP या राज्य की योजना: किसमें ज़्यादा सब्सिडी?
Free estimate, not an approval. Each row uses the same rules as that scheme’s own Parachar calculator, where every rule has its official source. PMEGP: KVIC guidelines; its extension after 31 March 2026 was not yet officially notified when we checked. Rules verified 11 Oct 2026.
Example: ₹15 lakh shop in a Gujarat village
A 40-year-old woman in a Gujarat village plans a ₹15 lakh service business. PMEGP (special category, rural) gives 35% = ₹5.25 lakh if the scheme is extended. Gujarat’s Vajpayee Bankable Yojana gives 40% of the ₹13.5 lakh loan = ₹5.4 lakh, capped at ₹3.75 lakh for women (some official pages say ₹5 lakh; confirm with the DIC). Mudra gives no subsidy. So PMEGP is better here, if it is open when she applies.
Schemes compared
| Scheme (where) | Main benefit | Limit |
|---|---|---|
| PMEGP (all India) | 15–35% capital subsidy | ₹50 L mfg / ₹20 L service |
| CMEGP (Maharashtra) | 15–35% capital subsidy | ₹50 L mfg / ₹20 L service |
| Vajpayee Bankable (Gujarat) | 20–40% of loan, max ₹3.75–5 L | Loan ₹25 L |
| Udyam Kranti (MP) | 3% interest subsidy, 7 years | ₹50 L mfg / ₹25 L service |
| Bhabishyat (West Bengal) | 10% margin money (max ₹25k) + 4% interest | ₹5 L |
| MSY 2.0 (Uttarakhand) | 15–30% (+5% booster) | ₹25 L mfg / ₹10 L service |
| AABCS (Tamil Nadu, SC/ST) | 35% up to ₹1.5 cr + 6% interest | No fixed limit |
| Mission YUVA (J&K) | 25–30% (max ₹1 L) + 5–6% interest | ₹10 L nano / larger units |
| CMEGP (Jharkhand) | 40% of loan, max ₹5 L; loan at 6% | Loan ₹25 L |
| Swavalamban (Himachal) | 25–35% on machinery + 5% interest | ₹1 cr |
| Atmanirbhar Asom (Assam) | ₹1 L grant + ₹1 L interest-free loan | ₹2 L (₹5 L professionals) |
| Gramodyog Rozgar (UP, rural) | Interest subsidy above 4% (0% reserved) | ₹10 L |
| Udyogini (Karnataka, women) | 30–50%, max ₹90k–₹1.5 L | Unit ₹3 L |
| DDUSY (Arunachal) | 40% upfront (+5% interest for women) | ₹10–50 L |
| NORKA NDPREM (Kerala, returned NRIs) | 15% (max ₹3 L) + 3% interest, 4 yrs | Loan ₹30 L |
| Matrushakti (Haryana, women) | 7% interest subsidy, 3 years | Loan ₹5 L |
| Mudra (all India) | No subsidy, no collateral | Loan ₹20 L |
State scheme calculators on Parachar
Each state scheme below has its own free calculator with the current rules and source. Compare it with PMEGP using the tool above.
| State | Calculators |
|---|---|
| Karnataka | Swavalambi Sarathi · ಕನ್ನಡ · Udyogini · ಕನ್ನಡ |
| Maharashtra | CMEGP · मराठी · Annasaheb Patil · मराठी |
| Bihar | Bihar Udyami Yojana · हिंदी |
| Uttar Pradesh | Mission YUVA · UP MSME subsidy · ग्रामोद्योग रोजगार योजना |
| Madhya Pradesh | Udyam Kranti · हिंदी · MP MSME subsidy · हिंदी |
| Rajasthan | MSME Policy 2024 · हिंदी · RIPS 2024 · हिंदी · VYUPY |
| Gujarat | Vajpayee Bankable Yojana · हिंदी |
| Jharkhand | CMEGP Jharkhand · हिंदी |
| Uttarakhand | मुख्यमंत्री स्वरोजगार योजना |
| Himachal Pradesh | मुख्यमंत्री स्वावलंबन योजना |
| Haryana | मातृशक्ति उद्यमिता योजना |
| Tamil Nadu | TN MSME subsidy · AABCS (SC/ST) |
| Odisha | Odisha MSME subsidy |
| Kerala | NDPREM (NORKA) |
| Assam | Atmanirbhar Asom Abhijan |
| Arunachal Pradesh | DDUSY |
| West Bengal | Bhabishyat Credit Card |
How to use the result
- Use the tool above to see which scheme gives you the most money for your project.
- Open that scheme’s full calculator (tap its name) and check every rule and document.
- Make a project report with the exact cost you entered.
- Apply on that scheme’s official portal, or through your District Industries Centre (DIC) or bank.
- Do not apply for two subsidies on the same project; most schemes reject anyone who already took a government subsidy.
Frequently asked questions
Which is better, PMEGP or CMEGP? For most projects the subsidy is the same: 15–35% depending on your category and village or town. CMEGP is Maharashtra’s own scheme with an age limit of 45 (50 for special category) and education rules from ₹10 lakh. PMEGP is central, has no upper age limit, but its extension after March 2026 was not yet notified when we checked.
Can I take PMEGP and a state subsidy together? Usually no. Most schemes, including PMEGP and CMEGP, exclude anyone who already got a government subsidy for the business. An interest subsidy (like MP’s Udyam Kranti Yojana) may be treated differently, so ask your DIC before you apply.
Is Mudra loan better than PMEGP? Mudra gives a collateral-free loan up to ₹20 lakh but no subsidy. PMEGP gives 15–35% of the project cost as subsidy. If you qualify for PMEGP or a state scheme, it is cheaper. Mudra is faster and simpler for small loans.
Which state scheme gives the highest subsidy? For SC/ST entrepreneurs in Tamil Nadu, AABCS gives 35% up to ₹1.5 crore plus 6% interest subvention. Gujarat’s Vajpayee Bankable Yojana gives up to 40% of the loan in villages for special categories (cap ₹3.75–5 lakh). The best one depends on your project, so compare with the tool.
My state is not in the list. What can I use? PMEGP and Mudra work in every state. Your state may also have its own scheme; ask the District Industries Centre. We add a new state calculator when people search for it.
Which scheme is best in UP, Jharkhand or Himachal? UP’s Gramodyog Rozgar Yojana pays the interest (fully for women and reserved groups) on rural projects up to ₹10 lakh. Jharkhand’s CMEGP gives 40% of the loan, up to ₹5 lakh, for SC, ST, OBC, minority and divyang applicants. Himachal’s Swavalamban Yojana gives 25–35% on machinery up to ₹60 lakh. The tool runs each one against PMEGP for your project.
Does the bank give the subsidy at once? Mostly no. PMEGP, CMEGP and Uttarakhand MSY keep the subsidy in a fixed deposit and adjust it into your loan after 2–3 years of regular running. Interest subsidies are paid year by year.
Sources: each scheme’s rules and official links are on its own calculator page (linked in the table above): KVIC PMEGP guidelines (rev. 7 Dec 2023); Maharashtra CMEGP GR 1 Aug 2019 / maha-cmegp.gov.in; cottage.gujarat.gov.in (SVBY GRs 9 May and 18 Jun 2025); MP CM Helpline scheme 915; WB Memo 1000-MSMET (7 Mar 2024); Uttarakhand MSY 2.0 GO; TN G.O.(Ms) No.33 (12 May 2023); J&K Mission YUVA (J&K Bank annexures, Jul 2025); JSTCDC Jharkhand; HP MMSY notification as amended 20 Apr 2022; cmaaa.assam.gov.in; upkvib.gov.in; KSWDC Karnataka; ddusyarunachal.in; norkaroots.org; hwdcl.org. Rules verified 11 Oct 2026.
More free tools: PMEGP calculator · CMEGP calculator · Vajpayee Bankable Yojana · Mudra calculator · All tools · PMEGP स्टेटस डिकोडर