Prime Small Enterprise Empowerment and Development (SEED) Scheme
By Planning Department, Government of Meghalaya
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Quick Answer
Subsidy of 50% of project cost, up to ₹50,000, plus a facilitated bank loan for small business ventures in Meghalaya under the Chief Minister’s ELEVATE Program.
About this subsidy
The Prime Small Enterprise Empowerment and Development (SEED) Scheme helps individuals and unregistered entities in Meghalaya set up new small business ventures or expand existing ones. It runs under the Chief Minister’s ELEVATE Program of the Planning Department, Government of Meghalaya, and targets the unorganized sector and underserved business activities.
The Government of Meghalaya pays an upfront subsidy of 50% of the total project cost, up to ₹50,000. The entrepreneur contributes 5%. The scheme facilitates access to a bank loan for the remaining 45%, repayable over 2 years (24 months) after a 3-month moratorium. Funds are for asset creation, such as machinery and equipment, not working capital.
Individuals must be 18 to 58 years old, permanent residents of Meghalaya, and show proof of relevant experience. Unregistered entities must be based in Meghalaya. No applicant may be a credit defaulter with any bank or financial institution.
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.
Subsidy providers
Benefits & Funding
- Amount
- Up to ₹95,000
What You Get
The SEED Scheme offers a robust financial support package tailored to small entrepreneurs. A key benefit is an upfront subsidy from the Government of Meghalaya, covering 50% of the total project cost, with a maximum cap of ₹50,000. This non-repayable component significantly reduces the initial financial burden on entrepreneurs. The scheme also mandates a modest 5% own contribution from the entrepreneur, fostering a sense of ownership and commitment. For the remaining 45% of the project cost, the scheme facilitates access to a bank loan, enabling beneficiaries to secure necessary capital through institutional channels. This loan comes with a repayment tenure of 2 years (24 months) and includes a convenient 3-month moratorium period before EMI payments commence, providing new businesses a crucial buffer to stabilize operations. Financial support is strictly earmarked for asset creation, such as the purchase of machinery and equipment, ensuring that funds are utilized for tangible business infrastructure rather than operational or working capital expenses. This targeted approach aims to build durable business foundations and enhance productive capacity, supporting local employment generation within the unorganized and underserved sectors.
- Disbursement
- Milestone Based
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Application Process
- 1
Citizen Registration
New users register on the MeghalayaOne portal by providing details and selecting an authentication ID.
You - 2
- 3
- 4
- 5
How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
Q1: What is the primary objective of the SEED Scheme?
A1: The SEED Scheme, under the Chief Minister’s ELEVATE Program, aims to empower youth and promote inclusive entrepreneurship across Meghalaya by providing financial support for setting up or expanding small business ventures, especially in the unorganized and underserved sectors.
Q2: What kind of financial support does the scheme offer?
A2: The scheme offers an upfront subsidy from the Government of Meghalaya covering 50% of the total project cost, with a maximum of ₹50,000. Additionally, it facilitates a bank loan for the remaining 45% of the project cost, with the entrepreneur contributing 5% as their own share.
Q3: What are the loan terms for the facilitated bank loan?
A3: The facilitated bank loan has a tenure of 2 years (24 months) and includes a 3-month moratorium period, allowing entrepreneurs a grace period before they begin EMI repayments.
Q4: Who is eligible to apply for the SEED Scheme?
A4: The scheme is open to individuals aged 18 to 58 who are permanent residents of Meghalaya and have relevant experience in their proposed project field. Unregistered entities, such as village organizations and self-help groups based in Meghalaya, are also eligible, provided they have relevant experience and are not credit defaulters.
Q5: Are there any restrictions on how the financial support can be used?
A5: Yes, the financial support is strictly for asset creation, such as purchasing machinery and equipment. It cannot be used for operational expenses or working capital.
Q6: How can I apply for the SEED Scheme?
A6: Applications are submitted online through the MeghalayaOne portal. New users must register, select an authentication ID (PDS/EPIC), verify their identity, and then complete the application form. Existing users can sign in and apply directly through the "Apply for Services/Scheme" option.
Sources
Data on this page is compiled from official program and provider references.
