Here's how Pmegp loan consultant generally works: 

Entrepreneurship Development: Pmegp loan consultant  to finance and advise young talents who want to establish their businesses. Courses may also be provided to assist people in maturing their business ventures and management abilities.

Subsidy and Credit Support: pmegp loan consultant offers a subsidy on project cost depending upon the type of the beneficiary under general or special categories such as SC/ST/OBC/Women/Ex-serviceman/PH/Minority etc. This means that the maximum cost of the project for subsidy is limited; the rest can be sourced by taking an appropriate bank loan.

 Project Implementation: After identifying the project beneficiaries then submit their project proposal to the District Industries Centre (DIC) or any other agency that is the implementing agency. Based on such analysis and grades, the beneficiaries qualify to get financial support to pursue their goals.

Project Monitoring and Mentoring: Pmegp loan consultant also includes supervision and coaching of the projects to make sure that they are effectively executed and run. This may involve a periodic check, a word of advice on how to manage the business and help in case of business problems.

 Employment Generation: The initial and overall aim of Pmegp loan consultant is the creation of sustainable employment opportunities. This is expected that each beneficiary will create employment for himself/ herself, and employment for others through micro-enterprises.Pmegp loan consultant is pivotal in supporting inclusive growth and entrepreneurship development activeness throughout India by offering loans, resources, and motivation to budding entrepreneurs and business visionaries, particularly from backward classes of society.

The Pmegp loan consultant  is a flagship employment generation programme launched by the Prime Minister and consists of the implementation of micro-enterprises in both rural and urban regions.

Below are some of the key benefits of the Pmegp loan consultant :

 1. Job Creation

The primary objective of Pmegp loan consultant is to generate self-employment that would help one set up their ventures out of the business. This in turn results in the creation of employment opportunities both within the rural areas as well as in the urban regions.

 2. Subsidy on Projects

Pmegp loan consultant  also provides them with subsidies which are necessary to support new business people. Subsidy rates are:

   - 25% for urban areas

   - 35% for rural areas

   For the specially-abled persons of SC/ST, OBC, minority category, women & Ex-servicemen, the subsidy is much higher.

 3. Supports Micro Businesses

Pmegp loan consultant provides financial assistance for creating micro-enterprises in manufacturing sectors, services, and trading sectors helping start-ups at the grassroots level.

 4. Inclusive Growth

The formulation of policies and procedures of Pmegp loan consultant  underlings the policy of Inclusive Weaker Section Focus that allows the provision of benefits to the weaker section of the society such as women, SC/ST, minorities

 5. Skill Development

Cocreationary skills and training courses are offered to the intending business persons so that they can effectively manage their businesses.

 6. Low Interest Rates

Under this scheme, the Pmegp loan consultant given to the new generation entrepreneurs are at lower interest rates so the financial burden of the new entrepreneurs need not be more.

 7. Boost to Rural Economy

Concerning regional development, this scheme targets the rural area which discourages people from travelling to urban areas in the employment search hence boosting balanced regional growth.

 It is therefore the responsibility of each country to focus on traditional industries to come up with solutions to common problems. Like other state and central government-supported schemes, the Pmegp loan consultant in Lucknow aims at the revival and development of traditional industries that provide employment and market to small artisans and skills which have dwindled over time.

To sum up, it can be stated that, the Pmegp loan consultant  provides the opportunity for beginners to establish their venture by offering them capital, training and support services and creates employment in all sectors, especially in the remote regions where there is scant competition.