CMEGP is a state-level employment generation scheme aimed at promoting entrepreneurship by providing financial assistance to micro and small enterprises. It is usually implemented by state governments with the support of financial institutions and focuses on job creation by encouraging self-employment opportunities.

PMEGP is a national credit-linked subsidy scheme launched by the Government of India to promote micro-enterprises in rural and urban areas. It is implemented by the Khadi and Village Industries Commission (KVIC) and provides financial assistance in the form of a subsidy for setting up new businesses, with a focus on unemployed youth and small entrepreneurs.