Maharashtra Subsidized Interest Loan
By Directorate of Industries, Government of Maharashtra
Check your eligibility
Sign up and we'll tell you whether your startup qualifies for this grant.
Quick Answer
Aspiring entrepreneurs in Maharashtra can access loans between ₹5 lakh and ₹10 lakh with a 3% subsidized interest rate under this government scheme.
- Funding amount
- ₹5L – ₹10L
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Maharashtra
About this loan
The Subsidized Interest Rate for Entrepreneurs scheme is a key financial incentive introduced under the comprehensive Maharashtra Startup, Entrepreneurship and Innovation Policy 2025. This initiative is strategically designed to provide vital financial support to aspiring entrepreneurs across Maharashtra, making it easier for them to launch and grow their ventures. By offering loans at a significantly reduced interest rate of 3% below the market rate, the Government of Maharashtra aims to lower the financial barrier to entry for new businesses and encourage innovation at the grassroots level. This scheme is particularly beneficial for early-stage startups and individual entrepreneurs who might find it challenging to secure affordable capital through traditional channels. The policy recognizes the critical role of startups and small enterprises in job creation and economic diversification, and this interest subsidy serves as a direct mechanism to foster a vibrant entrepreneurial ecosystem within the state. It supports a wide array of business ideas, driving self-reliance and technological advancement, ultimately contributing to Maharashtra's industrial and economic leadership.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
Benefits & Funding
- Amount
- ₹5L – ₹10L
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
Beneficiaries receive loans between ₹5 lakh and ₹10 lakh from financial institutions, with the Maharashtra Government providing a 3% interest rate subsidy. This significantly reduces the cost of borrowing for new ventures, making it easier for entrepreneurs to secure initial capital for business setup, operations, or expansion within Maharashtra. The scheme aims to make financial resources more accessible, fostering a supportive environment for innovation and job creation.
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
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
Q: What is the maximum loan amount available under this scheme?
A: Aspiring entrepreneurs can avail loans up to ₹10 lakh under this scheme.
Q: What is the subsidized interest rate?
A: Loans are offered at a 3% subsidized interest rate.
Q: Who is eligible for this scheme?
A: The scheme is specifically designed for aspiring entrepreneurs in Maharashtra.
Q: Is this a grant or a loan?
A: This is a loan scheme where the interest rate is subsidized by the government, meaning the principal amount needs to be repaid.
Q: Does this scheme cover all industries?
A: The policy document does not specify industry restrictions, implying it is open to a wide range of entrepreneurial ventures.
Q: What are the typical documents required for application?
A: While not explicitly listed, applicants typically need a business plan, project report, identity proof, address proof, and any other documents required by the lending institution.
Sources
Data on this page is compiled from official program and provider references.
