Meghalaya Any Business Venture Scheme
By CM-ELEVATE Programme, Government of Meghalaya
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Quick Answer
A Meghalaya government scheme offering financial support including upfront subsidy, EMI support, and loans up to 70% of project cost to entrepreneurs establishing new business ventures across the state.
About this loan
The Chief Minister’s CM-ELEVATE Program, spearheaded by the Government of Meghalaya, is a comprehensive initiative designed to foster and promote entrepreneurship throughout the state. Under this umbrella program, the 'Meghalaya Any Business Ventures Scheme' specifically aims to provide crucial financial assistance and structured support to 50 aspiring entrepreneurs. The core purpose of this scheme is to empower individuals and registered entities to successfully establish and grow their own business ventures within Meghalaya, contributing significantly to the state's economic development.
The scheme's objectives are multi-faceted, focusing on identifying and addressing existing market demands and gaps within the local economy, thereby paving the way for strategic business growth. A key aim is to support underserved business ventures that may have historically lacked access to resources, promoting inclusivity in the entrepreneurial landscape. Furthermore, the program seeks to explore the potential for developing innovative products or services that hold national importance, contributing to broader economic growth. It also serves as a vital platform for individuals and businesses to showcase their unique skills and offerings to a wider audience, enhancing visibility and market access.
With a commitment to supporting 50 facilities across the state, the scheme is strategically designed to provide assistance and resources distributed throughout Meghalaya. This initiative encourages businesses to highlight their distinctive qualities, enabling them to stand out in the market and attract customers. Ultimately, the scheme aims for overall economic development by generating significant job opportunities for local residents and stimulating various other economic activities, contributing to the comprehensive growth and prosperity of the region.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
Fintech focused startup accelerator
Learn moreBenefits & Funding
- Amount
- Up to ₹17.5 Lakhs
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
The Meghalaya Any Business Venture Scheme offers comprehensive financial and non-financial support to aspiring entrepreneurs. Beneficiaries can receive a 25% upfront subsidy up to ₹12.5 lakh directly from the Government of Meghalaya. Additionally, the scheme provides EMI support up to ₹5 lakh, which accounts for 10% of the project cost, easing the financial burden on new ventures. A significant component is the provision of loans up to 70% of the total project cost through various partner banks like MCAB, SBI, and HDFC. These loans come with favorable terms, including a 15-year repayment tenure and an 18-month moratorium period. Beyond financial aid, the scheme ensures critical non-financial support through mentorship and coaching facilitated by PRIME, helping entrepreneurs navigate challenges and grow their businesses. It also offers practical support for business registration, streamlining the initial setup phase for new entities.
- Disbursement
- Milestone Based
- Cohort size
- 50 startups
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The selection process for the Meghalaya Any Business Venture Scheme involves multiple stages to ensure robust evaluation of applicants. Initially, applications are subjected to thorough screening and shortlisting by both District and State committees. These committees reserve the right to conduct physical background verification for any shortlisted candidates if deemed necessary. Following the initial screening, eligible applicants will move to an interview and inspection phase, which may include virtual pitches, physical interviews, and on-site inspections conducted by representatives from the relevant Department and partner bank teams. This multi-layered approach helps in identifying deserving entrepreneurs with viable business proposals.
Application Process
- 1
Register New User
Visit the MeghalayaOne portal and complete new user registration using a valid ID.
You - 2
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the primary objective of the Meghalaya Any Business Venture Scheme?
The scheme aims to promote entrepreneurship across Meghalaya by providing financial and mentoring support to individuals and registered entities to establish new business ventures, fostering economic development and job creation.
What kind of financial support is available?
The scheme offers a 25% upfront subsidy (up to ₹12.5 lakh), EMI support (up to ₹5 lakh), and loans covering up to 70% of the project cost through partner banks.
Who is eligible to apply for this scheme?
Both individuals and registered entities are eligible. Key criteria include being a resident of Meghalaya, being between 18 and 58 years of age, having relevant business experience, and demonstrating land ownership/lease and commitment to local employment.
What is the repayment period and moratorium for the loan component?
The loan has a repayment term of 15 years, with an initial moratorium period of 18 months.
How can I apply for the scheme?
Applications are submitted online through the MeghalayaOne portal. You need to register as a new user, select an authentication ID (e.g., Ration Card or EPIC), fill out the application form with required details, and upload documents.
What is the selection process?
Applications undergo screening by District and State committees, which may involve physical background verification. Shortlisted candidates will then proceed to virtual pitches, physical interviews, and site inspections by department and bank teams.
