State Capital Investment Incentive (MIIPP 2024)

The state capital investment incentive is the main component of MIIPP 2024. New units and expanding units are both eligible. It pays a share of what a unit spends on plant and machinery, or on constructing a building and installing other durable assets, up to a ceiling for each unit.

What you get

• A subsidy worked out as a share of eligible investment, with a ceiling per unit
• For micro, small and medium units, a higher ceiling for priority-sector units than for other sectors
• A separate, higher scale for large units, again higher for priority sectors
• An overall cap on what any one unit can receive across all policy components

Who can apply

• New and expanding manufacturing units that meet the minimum investment in plant and machinery
• New and expanding service units that meet the minimum investment in building and other durable physical assets
• Micro units have a lower minimum; a December 2025 amendment lowered it, and the portal pages still show the older one
• Large units are those whose plant and machinery investment is above the policy's large-unit threshold

How to apply: Register the unit through the state's investment portal, then claim the incentive. The department is the nodal agency that disburses incentives, and the policy has it work with the Invest Meghalaya Authority on registration and claims. Confirm the registration closing date first, since the policy text and a later notification give different dates. Questions can go to industries-meg@gov.in.