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Department of Financial Assistance
Department Overview
Unlocking capital, subsidies, and insurance grants for agricultural and industrial progress. We support micro-enterprises, startups, and agricultural sectors by providing calculators for PMEGP subsidies, Mudra loan rebates, crop insurance under PM Fasal Bima Yojana, and student credit cards. Our goal is to connect rural and urban entrepreneurs to credit-linked subsidy schemes to create jobs and stabilize agricultural incomes.
Agricultural Subsidies & Industrial Credits
Our District Industries Centre collaborates with banking networks to disburse crop insurance claims, startup grants, and project subsidies directly to business accounts, minimizing cash constraints.
Interactive Citizen Utilities
Calculate eligibility, check criteria checklists, and plan applications immediately using our digital assistants.
MSME Project Subsidy Calculator (PMEGP)
Primary Citizen Services
- PMEGP project subsidy rates, personal contribution, and bank loan calculators.
- MSME Mudra loan interest subsidy application templates.
- PM Fasal Bima Yojana (Crop Insurance) damage assessment and claim support.
- Startup India Seed Fund Scheme (SISFS) eligibility audits.
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) advisory.
- Student Credit Card scheme registrations and loan processing guidance.
Frequently Asked Questions
Q: What project costs are allowed under PMEGP?
PMEGP allows manufacturing projects costing up to ₹50 Lakhs and service sector projects costing up to ₹20 Lakhs. The subsidy rate varies from 15% to 35% based on location and profile.
Q: How is the crop insurance premium calculated under PMFBY?
Farmers pay a maximum premium of only 2% for Kharif crops, 1.5% for Rabi crops, and 5% for commercial/horticultural crops. The remaining premium is subsidized equally by state and central governments.
Q: How long is the PMEGP subsidy kept in a lock-in?
The subsidy (called Margin Money) is kept in a lock-in term deposit account at the lending bank for 3 years, after which it is adjusted against the loan balance.
Q: Can I apply for CGTMSE collateral-free loans?
Yes. CGTMSE provides collateral-free credit guarantees to banks for loans up to ₹5 Crores for micro and small enterprises. We assist you in drafting viable project reports to submit to partner banks.
Connect with Department of Financial Assistance
Have questions or need assistance? Register via the Nagarik Suvidha portal to submit your enquiry directly to the department officers.
Register Enquiry NowVoluntary Donation
Your contribution would support this platform to run for public service. You can donate starting from Rs.99 to Rs.9999.
The excess donations are contributed for social welfare activities for orphans, handicaped, homeless etc.