Meghalaya Interest Subvention Incentive
By Department of Commerce and Industries, Government of Meghalaya
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Quick Answer
Interest subvention of 5% a year for Priority Sector units and 4% for non-priority units, for up to 7 consecutive years.
- Funding amount
- Varies
- Funding type
- Subsidy
- Application deadline
- Rolling
- Location
- Meghalaya
- Registrations needed
- Udyam registration
About this subsidy
Clause 3.4.2.ii of the Meghalaya Industrial and Investment Promotion Policy (MIIPP) 2024 offers a State Interest Subvention Incentive on loans taken by eligible industrial units.
Units in the priority sector can avail subvention at an annual rate of interest of 5%; units in the non-priority sector at 4%. The support runs for a maximum of 7 consecutive years.
The policy summary places the benefit on loans up to a principal amount of Rs 250 crore.
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
The Commerce and Industries Department, Government of Meghalaya, is the state's administrative department for industry, based in Shillong. It is the administrative department for the Meghalaya Industrial and Investment Promotion Policy 2024, known as MIIPP 2024, and the nodal…
Learn moreBenefits & Funding
What You Get
The state absorbs part of the interest cost on the unit's loan — 5% a year for priority sector units and 4% a year for non-priority sector units — for a maximum of 7 consecutive years. It is an ongoing cash-flow relief rather than a one-time capital payout, and stacks with the capital investment incentive under the same policy.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Claims are verified by the Commerce and Industries Department against the loan documents and the unit's priority/non-priority classification under MIIPP 2024. There is no competitive selection.
Application Process
- 1
Avail the loan
Take the project term loan from a financial institution.
You - 2
- 3
- 4
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
How much interest does the state cover?
An annual rate of 5% for priority sector units and 4% for non-priority sector units.
How long does the subvention run?
A maximum of 7 consecutive years.
Is there a cap on the loan size?
The policy applies the incentive to loans up to a principal amount of Rs 250 crore.
Do I still repay the loan?
Yes. The loan is yours to repay to the lender; the state only subvents part of the interest.
Sources
Data on this page is compiled from official program and provider references.
