e-Circular

REGIONAL RURAL BANKS,LEAD BANK COMMUNITY

SEVICES.
Sl. No. : 589/2009 - 10
Circular No. : NBG/RRBLBCSB-LB/5/2009 - 10
Friday,November 20,2009.
20 KARTIKA, 1931 (S).

The Branch Manager,

State Bank of India,
All Branches

ABU/LB/RPM/

19th November, 2009

Dear Sir/Madam,
PRIME MINISTERS EMPLOYMENT GENERATION PROGRAMME (PMEGP)
Please refer to our e-Circular No. NBG/RRBLBCSB/LB/2/2009-10 dated 22nd April, 2009 on
the modalities of implementation of PMEGP Scheme. In this connection, the Khadi & Village
Industries Commission (KVIC) have advised us to adopt the following procedure for claiming
Margin Money (subsidy) under PMEGP Scheme:
The financing branch has to obtain the claim papers for margin money from the beneficiary
immediately after release of bank loan either partly or fully. The financing branch, with their
recommendations, forward the claim papers to the respective nodal branch. The nodal branch,
after receipt of claim papers from financing branch, releases the margin money to the financing
branch from the account of KVIC/KVIB/DIC as applicable. The entire process of settlement of
margin money has to be completed within 30 days from the date of sanction of loan.
2. Please be guided accordingly.
Yours faithfully,

General Manager
(Agri Business)