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Business & Entrepreneurship

Meghalaya Any Business Venture Scheme

The Meghalaya Any Business Ventures Scheme, part of the Chief Minister’s CM-ELEVATE Program, provides financial support to 50 entrepreneurs across the state to start their own businesses.

Authority

State/ UT

Region

Meghalaya

Status

Verified 2026

Updated

March 2026

What you get

- 25% upfront subsidy (max ₹12.5 lakhs) by Government of Meghalaya | - Up to ₹5 lakhs EMI support (10% of project cost) | - Loan up to 70% of project cost via MCAB, SBI, HDFC, etc | - 15-year loan term with 18-month moratorium | - Mentorship and coaching via PRIME | - Support for business registration if required

Who can apply

The applicant should be between 18 and 58 years of age.; The applicant and all partners involved in the proposal should be residents of the state of Meghalaya, and valid identification documents demonstrating residency should be submitted.; The applicant should provide proof of relevant experience in the field related to the proposed project; fresh applicants without demonstrated experience should not be considered.; The applicant should provide proof of land ownership or a valid lease agreement for the proposed establishment.; The applicant should demonstrate commitment to the project by providing proof of the required contributing share, including financial contributions, resources, or any other form of investment outlined.; The applicant should commit to employing local residents in accordance with the funds received and the type of unit being established.; The applicant (authorized representative/partners) should be between 18 and 58 years of age.; All partners involved in the proposal should be residents of the state of Meghalaya, and valid identification documents demonstrating residency should be submitted.; The applicant should provide proof of relevant experience in the field related to the proposed project; fresh applicants without demonstrated experience should not be considered.; The applicant should provide proof of land ownership or a valid lease agreement for the proposed establishment.; The applicant should demonstrate commitment to the project by providing proof of the required contributing share, including financial contributions, resources, or any other form of investment outlined.; The applicant should commit to employing local residents in accordance with the funds received and the type of unit being established.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

What is the Meghalaya Any Business Ventures Scheme?

It is a scheme under the Chief Minister’s CM-ELEVATE Program that provides financial and institutional support to 50 entrepreneurs to establish business ventures in Meghalaya.

What is the main objective of the scheme?

The scheme aims to promote entrepreneurship, identify market gaps within the state, and support inclusive and sustainable economic development.

How many entrepreneurs will be supported?

A total of 50 business ventures across the state will be supported under the scheme.

What type of financial assistance is provided?

The scheme offers a 25% upfront subsidy (maximum ₹12.5 lakhs) from the Government of Meghalaya.

Is EMI support available?

Yes, EMI support of up to ₹5 lakhs (10% of the project cost) is provided.

What is the maximum loan amount available?

Loans of up to 70% of the total project cost can be availed through partner banks.

Which banks provide loan support under the scheme?

Loans may be accessed through banks such as MCAB, SBI, HDFC, and other notified financial institutions.

Is there a moratorium period on the loan?

Yes, an 18-month moratorium period is provided before repayment begins.

Are there any reclosure fee for the loan?

Yes, however this will vary from bank to bank