Maharashtra Chief Minister Employment Generation Programme
Maharashtra Chief Minister Employment Generation Programme
Government of Maharashtra has approved the introduction of a new credit linked subsidy programme called Chief Minister Employment Generation Programme (CMEGP) for generation of employment opportunities through establishment of Micro & Small Enterprises (project cost limited to INR 50 lakh) in rural as well as urban areas in the state.
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A dedicated portal viz. https://maha-cmegp.gov.in has been developed for speedy and transparent implementation of the Scheme
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Funding opportunities available only for new unit in rural as well as urban areas of the Maharashtra state
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Subsidy – 15% to 35 % on project cost as per Scheme guidelines
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The maximum cost of the project/unit admissible for subsidy under Business/Service sector is INR 20 lakh & INR 50 lakh for Manufacturing sector
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Prepayment facility available for customers
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Any individual between 18 to 45 years of age, relaxation up to 5 years is available for special category
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Applicant(s) should be resident of Maharashtra. In case of birth outside Maharashtra, the applicant must possess domicile certificate
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No income ceiling to become eligible for availing financial assistance
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For project/units cost between INR 10 lakh to INR 25 lakh, the required educational criteria for the applicant is minimum 7th standard pass and for project/units above INR 25 lakh the required educational criteria for the applicant is minimum 10th standard pass
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Only one person from a family will be eligible under the scheme. (Definition of family includes Self and spouse)
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Other terms & conditions as per CMEGP Guidelines
- Submission of online applications only through the dedicated portal
- KYC of the applicant- Pan card, Aadhar card, Voter id etc.,
- Statutory Permission/License/ Udyam Registration Certificate etc.,
- Original quotations for the machinery/equipment/vehicle propose to be purchase
- Project Report
- Other documents as per the scheme guidelines and bank’s assessment practices
For more details: https://maha-cmegp.gov.in/
