Question 1

What is PMEGP subsidy and how much can I get?

Accepted Answer

PMEGP (Prime Minister Employment Generation Programme) provides 15-35% subsidy on projects up to ₹50 lakhs for manufacturing and ₹20 lakhs for service sector. General category gets 15-25% and special category (SC/ST/Women/OBC) gets 25-35% subsidy.

Question 2

Who is eligible for government grants in India?

Accepted Answer

MSMEs, startups, entrepreneurs, and small businesses are eligible for various government grants. Eligibility varies by scheme - PMEGP requires 8th pass for projects above ₹10L, MUDRA is for non-corporate small businesses, and Startup India requires DPIIT recognition.

Question 3

How long does it take to get MSME funding?

Accepted Answer

Timeline varies by scheme: MUDRA loans take 7-15 days, PMEGP takes 2-3 months, and Startup India recognition takes 2-5 days. Our expert team helps expedite the process with 99% success rate.

Question 4

What is 80-IAC tax exemption for startups?

Accepted Answer

Section 80-IAC provides 100% income tax exemption for 3 consecutive years out of first 10 years for DPIIT-recognized startups incorporated after April 2016 with turnover under ₹100 crores. This can save startups lakhs in taxes.

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