PMEGP Second Loan Statistics: Units Upgraded, Subsidy and Jobs by State
· 1 min read · 3 official sources
376 existing PMEGP units got a second loan for upgradation in 2023-24 up to 30 January 2024, with margin money subsidy of Rs 2,784.37 lakh and 3,008 jobs estimated, according to a Lok Sabha answer of the MSME Ministry. That was up from 209 units in 2022-23. Year-wise and state-wise figures are below.
2nd Loan for Up-gradation of Existing PMEGP/REGP/MUDRA Units: key numbers
Infographic
Second loans for PMEGP unit upgradation, 2021-22 to 2023-24
Projects given a second loan, margin money subsidy and estimated employment each year, from Annexure II of Lok Sabha Unstarred Question 1138 of 8 February 2024. The 2023-24 row covers only up to 30 January 2024.
| Year | Projects | Margin money subsidy (Rs lakh) | Estimated employment |
|---|---|---|---|
| 2021-22 | 232 | 2,085.34 | 1,856 |
| 2022-23 | 209 | 1,684.36 | 1,672 |
| 2023-24 (to 30 Jan) | 376 | 2,784.37 | 3,008 |
Source: sansad.in, as on 30 January 2024
Top 12 states by second loans (2023-24, up to 30 January 2024)
Projects, margin money subsidy and estimated employment in the 12 states with the most second loans in 2023-24. Gujarat includes Daman and Diu; Maharashtra includes Dadra and Nagar Haveli.
| State | Projects | Margin money subsidy (Rs lakh) | Estimated employment |
|---|---|---|---|
| Uttar Pradesh | 42 | 372.16 | 336 |
| Tamil Nadu | 32 | 144.79 | 256 |
| Odisha | 25 | 146.66 | 200 |
| Gujarat | 23 | 249.70 | 184 |
| Punjab | 22 | 202.11 | 176 |
| Madhya Pradesh | 21 | 178.32 | 168 |
| Bihar | 20 | 162.30 | 160 |
| Haryana | 20 | 123.51 | 160 |
| Karnataka | 20 | 146.23 | 160 |
| Maharashtra | 19 | 153.32 | 152 |
| Rajasthan | 18 | 192.22 | 144 |
| Jammu and Kashmir | 17 | 104.26 | 136 |
Source: sansad.in, as on 30 January 2024
How an existing unit gets a second PMEGP loan
What the numbers show
Since 2018-19, PMEGP has offered a second loan to existing PMEGP, REGP and MUDRA units that want to expand or upgrade. The Ministry of MSME told the Lok Sabha on 8 February 2024 that 376 units got a second loan in 2023-24 up to 30 January 2024, with Rs 2,784.37 lakh in margin money subsidy and an estimated 3,008 jobs. That was the highest in the three years covered by the answer, even though the year was not yet over.
The trend over the years
The second loan is a small part of PMEGP. In 2021-22, 232 units got one, with Rs 2,085.34 lakh in subsidy. The number dipped to 209 units in 2022-23 before jumping to 376 in the first ten months of 2023-24. For comparison, the main PMEGP scheme assists tens of thousands of new units every year.
State differences
Uttar Pradesh led in 2023-24 with 42 units and Rs 372.16 lakh in subsidy. Tamil Nadu (32), Odisha (25), Gujarat (23) and Punjab (22) followed. Several small states and UTs, including Mizoram, Puducherry and Lakshadweep, recorded no second loans in any of the three years.
What the figures do not tell you
The employment numbers are estimates made at the time of sanction, not jobs counted later. The answer also does not show the total bank loan amount, only the subsidy, and it gives no figures for 2018-19 to 2020-21, when the second loan was first offered.
Where to check the numbers
The PMEGP e-portal at pmegp.msme.gov.in shows live progress for the whole scheme. Second-loan figures by state usually appear in answers to Parliament questions from the Ministry of MSME.
Frequently asked questions
How many units have got a PMEGP second loan?
232 units got a second loan in 2021-22, 209 in 2022-23 and 376 in 2023-24 up to 30 January 2024, according to a Lok Sabha answer of 8 February 2024.
How much subsidy is paid on PMEGP second loans?
Margin money subsidy on second loans was Rs 2,784.37 lakh in 2023-24 up to 30 January 2024, Rs 1,684.36 lakh in 2022-23 and Rs 2,085.34 lakh in 2021-22.
Which state has the most PMEGP second loans?
Uttar Pradesh had the most in 2023-24, with 42 units and Rs 372.16 lakh subsidy up to 30 January 2024, followed by Tamil Nadu with 32 and Odisha with 25.
How many jobs do second loans create?
The MSME Ministry estimated 3,008 jobs from second loans in 2023-24 up to 30 January 2024, against 1,672 in 2022-23. These are estimates made at the time of sanction.
Eligibility, documents and how to apply: 2nd Loan for Up-gradation of Existing PMEGP/REGP/MUDRA Units full guide
Charts, data files and the infographic are free to download, share and embed with a link back to this page.
Sources
This guide was checked against these official pages:
- sansad.in (sansad.in/getFile/loksabhaquestions/annex/1715/AU1138.pdf?source=pqals)
- pib.gov.in (www.pib.gov.in/PressReleasePage.aspx?PRID=2079789®=48&lang=2)
- pmegp.msme.gov.in (pmegp.msme.gov.in/)