Meghalaya Any Business Venture Scheme

• 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

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Eligibility Criteria – Individuals

1. The applicant should be between 18 and 58 years of age.
2. 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.
3. 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.
4. The applicant should provide proof of land ownership or a valid lease agreement for the proposed establishment.
5. 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.
6. The applicant should commit to employing local residents in accordance with the funds received and the type of unit being established.

Eligibility Criteria – Registered Entities

1. The applicant (authorized representative/partners) should be between 18 and 58 years of age.
2. All partners involved in the proposal should be residents of the state of Meghalaya, and valid identification documents demonstrating residency should be submitted.
3. 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.
4. The applicant should provide proof of land ownership or a valid lease agreement for the proposed establishment.
5. 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.
6. The applicant should commit to employing local residents in accordance with the funds received and the type of unit being established.

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Citizen Registration for Member ID

Step 1: Visit the official website of the scheme and click on the “Login to Apply” button to start the application process. Carefully read all the instructions provided on the website before proceeding.

Step 2: If you are a first-time user, click on “Registration for New User” and complete the registration process to create your account.

Step 3: Select your Authentication ID from the available options, such as

• PDS (Ration Card)
• Election Photo ID Card (EPIC).

Step 4: Enter your card number, select your name from the displayed list, and click on “Next” to continue.

Step 5: Your EPIC ID will appear on the screen. If the details are correct, click on “Accept.” If the details are incorrect or rejected, manually enter your EPIC number and proceed.

Step 6: Click on “Validate” to verify the entered EPIC number, and then click on “Next” to move to the application form.

Step 7: Fill in all required details in the application form, upload the necessary documents, carefully review all the information, and click on “Submit.” After successful submission, you will receive a unique application number for future reference.

Sign In

Step 1: Click on “Sign In” and choose your preferred sign-in method from Mobile Number, PDS, EPIC, or Member ID.

Step 2: Enter your User ID and Password, then click on “Login” to access your account.

Step 3: After logging in, click on “Apply for Services/Scheme” to start your application.

Step 4: Fill in all the required details in the application form, upload the necessary documents, carefully review the information, and click on “Submit.”

> Note

Screening: District and State committees shall verify and shortlist applications. The committees can also physical background verification for shortlisted candidates if required

Interview &amp; Inspection: Virtual pitch, physical interview and site inspection by Department and bank teams

shall be done as and when required

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