PsychGenGPT is an innovative solution for mental health support, blending AI with proven psychological practices to provide accessible and tailored assistance. It addresses the significant global economic impact of mental illness, estimated at $2.5 trillion, and the potential productivity loss of $16.3 trillion by 2030. The AI mental health market is rapidly growing, with a projected value of $59.18 billion by 2030. This platform is grounded in scientific research, showing the effectiveness of meditation in reducing stress and depression. PsychGenGPT employs a three-stage therapy approach: Emotional Processing, which includes techniques like mindful observation; Mental Processing, using approaches such as present-moment awareness; and Future Visualization, focusing on positive future envisioning. Core functions include active listening, user profiling, therapy script generation, and real-time interactive support. It also offers advanced analytics for session feedback and is designed for accessibility and cost-effectiveness. A unique feature is its text-to-speech psychotherapy sessions, enhancing user engagement. In short, PsychGenGPT is an AI-based mental health platform offering personalized, accessible, and cost-effective psychological support, combining innovative technology with traditional therapeutic techniques. This is not a diagnosis or professional advice but a sheer support for mental health symptoms management. PsychGenGPT employs a comprehensive three-stage therapy approach for smooth transitioning from negative emotions to stress to productivity. It generates a detailed therapeutic advice, psychotherapy script and an audio guided psychotherapy session.