Sarkari Yojana
Meghalaya Any Business Venture Scheme
About Meghalaya Any Business Venture Scheme
Entrepreneurship across Meghalaya is promoted by the Government of Meghalaya’s Chief Minister’s CM-ELEVATE Program. As part of it, the Meghalaya Any Business Ventures Scheme gives financial help to 50 entrepreneurs so they can set up business ventures of their own. Objectives of the scheme
- Identifying demands present within the state: Existing market needs and gaps in the local economy are mapped so that business can be developed strategically.- Supporting underserved business ventures: Enterprises that have historically been under-represented or short of resources receive help, making entrepreneurship more inclusive.- Exploring the potential for developing products of national importance: Opportunities to build products or innovations that matter at a national level are studied, adding to the country’s growth.- Providing a platform to showcase their skills: A platform is created where people and businesses can present their talents, skills, and offerings to a larger audience.- 50 facilities to be supported across the state: Help and resources will go to 50 facilities in total, spread strategically over the whole state.- Offering businesses an opportunity to showcase their uniqueness: Businesses are urged to bring out what sets them apart so they stand out in the market and draw customers.- Overall economic development by providing people with job opportunities and an increase in other economic activities: The broad aim is all-round development of the region, achieved by creating jobs and stimulating different economic sectors.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Meghalaya Any Business Venture Scheme, applicants must satisfy the following conditions:
Eligibility Criteria – Individuals
Applicants must be aged between 18 and 58…
Applicants must be aged between 18 and 58 years.
Every partner in the proposal, as well as…
Every partner in the proposal, as well as the applicant, must live in Meghalaya and submit valid ID proving residence.
Experience in the field of the proposed project…
Experience in the field of the proposed project must be proved; fresh applicants with no such experience will not be considered.
Ownership of the land, or a valid lease…
Ownership of the land, or a valid lease agreement, for the planned establishment must be shown.
Commitment to the project has to be shown…
Commitment to the project has to be shown through proof of the required contributing share, whether funds, resources or any other investment specified.
The applicant must undertake to hire local residents…
The applicant must undertake to hire local residents in line with the funds received and the kind of unit set up. Eligibility Criteria – Registered Entities
The authorised representative/partners applying must be aged between…
The authorised representative/partners applying must be aged between 18 and 58 years.
Each partner in the proposal must be a…
Each partner in the proposal must be a resident of Meghalaya and furnish valid identification proving residence.
Proof of relevant experience in the project's field…
Proof of relevant experience in the project's field is mandatory, and fresh applicants lacking it will not be considered.
The entity must show proof of land ownership…
The entity must show proof of land ownership or a valid lease for the proposed establishment.
Proof of the required contributing share, such as…
Proof of the required contributing share, such as financial contributions, resources, or other investment as outlined, is needed to show commitment.
Local residents must be employed, in keeping with…
Local residents must be employed, in keeping with the funds received and the type of unit established.
Benefits Provided
Meghalaya Any Business Venture Scheme provides the following benefits to eligible applicants:
The Government of Meghalaya gives a 25% subsidy…
The Government of Meghalaya gives a 25% subsidy upfront, capped at ₹12.5 lakhs
EMI support of up to ₹5 lakhs (10%…
EMI support of up to ₹5 lakhs (10% of project cost) is provided
Banks such as MCAB, SBI, HDFC, etc lend…
Banks such as MCAB, SBI, HDFC, etc lend up to 70% of the project cost
Loans run for 15 years with an 18-month…
Loans run for 15 years with an 18-month moratorium
PRIME offers mentorship and coaching
PRIME offers mentorship and coaching
Help with registering the business is available if…
Help with registering the business is available if needed
Documents Required
Applicants should keep the following documents ready before starting the application:
Individuals
Individuals
Applicant's address proof (Voter ID/Passport/Driving License)
Applicant's address proof (Voter ID/Passport/Driving License)
Ration Card, where available
Ration Card, where available
Self Declaration Download
Self Declaration Download
Detailed Project Report (DPR) Download
Detailed Project Report (DPR) Download
Land ownership document or notarised lease certificate, where…
Land ownership document or notarised lease certificate, where applicable Download
Registered Entities
Registered Entities
Self Declaration Download
Self Declaration Download
Ration Card, where available
Ration Card, where available
Address proof of the President/Secretary (Voter ID/Passport/Driving License)
Address proof of the President/Secretary (Voter ID/Passport/Driving License)
Incorporation Certificate or Registration Certificate
Incorporation Certificate or Registration Certificate
Land ownership document or notarised lease certificate, where…
Land ownership document or notarised lease certificate, where applicable Download
Detailed Project Report (DPR) Download
Detailed Project Report (DPR) Download
How to Apply
Online Application
Applicants can apply for Meghalaya Any Business Venture Scheme through the online application process outlined below.
Citizen Registration for Member ID
The application begins on the scheme's official website,…
The application begins on the scheme's official website, where you press the "Login to Apply" button; be sure to read all the instructions there before moving ahead.
First-time users must press "Registration for New User"…
First-time users must press "Registration for New User" and complete the registration, which creates their account.
An Authentication ID has to be selected from…
An Authentication ID has to be selected from the options, for instance
PDS (Ration Card)
Election Photo ID Card (EPIC).
After entering the card number, select your own…
After entering the card number, select your own name from the displayed list and press "Next".
An EPIC ID appears on screen
An EPIC ID appears on screen. If it is correct, press "Accept"; if it is incorrect or rejected, type the EPIC number manually and proceed.
The EPIC number is checked when you press…
The EPIC number is checked when you press "Validate"; then press "Next" to open the application form.
The form must be filled with all required…
The form must be filled with all required details and the necessary documents uploaded; after a careful review, press "Submit". On successful submission, a unique application number is given for future reference. Sign In
After pressing "Sign In", choose the sign-in method…
After pressing "Sign In", choose the sign-in method you prefer among Mobile Number, PDS, EPIC, or Member ID.
Your User ID and Password go in next;…
Your User ID and Password go in next; press "Login" to reach the account.
The application is started by pressing "Apply for…
The application is started by pressing "Apply for Services/Scheme" once you are logged in.
Fill in every required detail, upload the necessary…
Fill in every required detail, upload the necessary documents, review the information with care and press "Submit". Note Screening: Applications are verified and shortlisted by District and State committees, which can also carry out physical background verification of shortlisted candidates if required Interview & Inspection: A virtual pitch, physical interview and site inspection by Department and bank teams shall take place as and when needed
Exclusions / Who Is Not Eligible
**Individual applications shall not ordinarily be considered for:**
1. State and Central Government employees (full-fledged, contractual, or retired and drawing pension) and their immediate family members (spouse, parents, and children up to 30 years of age).
1. Employees of Public Sector Undertakings (PSUs), their subsidiaries, or divisions, and their immediate family members.
1. Individuals engaged in political positions such as MLAs, MLCs, MPs, or those seeking similar positions.
1. Registered Class-1 contractors.
1. Consultants currently engaged with the State or Central Government.
1. More than one member from the same family.
1. Pressure groups or organizations that are primarily political in nature.
**Registered Entities Applications shall not ordinarily be considered for:**
1. Government employees (full-fledged, contractual, or retired and drawing pension) and their immediate family members.
1. Employees of Public Sector Undertakings (PSUs) and related entities.
1. Individuals engaged in political positions or seeking such positions.
1. Registered Class-1 contractors.
1. Consultants currently engaged with the State or Central Government.
1. More than one member from the same family.
1. Pressure groups or organizations that are primarily political in nature.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.