What you get
- Upfront subsidy up to 25% of total project cost (maximum ₹37.5 lakh for most applicantssemi_colon ₹75 lakh for top 5 promising entrepreneurs) | - Backend support up to 10% of project cost (maximum ₹12.5 lakhsemi_colon ₹25 lakh for top 5 promising entrepreneurs) | - 5% entrepreneur’s own contribution required, with remaining balance via bank loan (up to ₹2.1 crore for top 5semi_colon up to ₹1.05 crore for others) | - 18-month moratorium before EMI repayment beginssemi_colon 15-year total loan term | - Mentoring and acceleration coaching support through PRIME Meghalaya | - One-time financial assistance for setting up sports and wellness infrastructure (gyms, swimming pools, football grounds, etc.) | - Priority selection ensuring one facility per district before additional approvals
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the Sports and Wellness Scheme?
The Sports and Wellness Scheme is an initiative by the Planning Department of the Government of Meghalaya to encourage the development of modern sports and wellness facilities in the state.
Are NGOs, SHGs, and societies eligible for the scheme?
No, NGOs, SHGs, and societies may not be eligible based on their constitution.
What is the age requirement for individual applicants?
Individual applicants must be between 18 and 58 years of age.
Is land ownership required to apply for the scheme?
Yes, the applicant must possess land either through ownership or lease, verified by the competent authority.
What types of projects are supported under the scheme?
The scheme supports projects related to sports and wellness infrastructure such as gyms, swimming pools, football grounds, and other fitness facilities.
What is the maximum upfront subsidy provided under the scheme?
The scheme provides an upfront subsidy of up to 25% of the total project cost, with a maximum of ₹37.5 lakh for most applicants and up to ₹75 lakh for the top five promising entrepreneurs.
Is there any required contribution from the entrepreneur?
Yes, the entrepreneur must contribute at least 5% of the total project cost.
How is the remaining project cost financed?
The remaining balance can be financed through a bank loan.
What is the loan repayment structure?
The loan includes an 18-month moratorium period before EMI repayment begins and a total loan tenure of up to 15 years.