Startup Manipur - Revenue Stage Financial Assistance (Grant & Loan)

Government of Manipur

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Details

Amount

Upto: ₹30 Lakhs

Type

grant

Stage

revenue

About this Opportunity

Startup Manipur provides support up to a project cost of Rs. 1 Crore, which includes a 30% subsidy from the State (maximum Rs. 30.00 Lakh), a 65% loan component from banks, and a 5% margin money contribution from the business owner. The program also offers mentorship, incubator/accelerator programs, and market linkage/product showcase opportunities.

Eligibility

Any entrepreneur who runs a profitable business.\n- Should be a domicile of Manipur (if a group, at least one promoter).\n- Should be older than 18 Years.\n- Has not received more than Rs. 10 lakh of monetary support from Central or State Schemes (Declaration Needed).\n- Business should not be more than 10 years from registration.\n- Annual Turnover should be less than 100 crores.\n- Business entity should be a Private Limited company/LLP/Partnership firm.\n- Should be at least three years old with audited financial reports.

Application Process

The application requires:\n1. Registration with AADHAAR and linked mobile for OTP, working mobile and email.\n2. Uploading AADHAAR, PAN cards (applicant & business), Business Registration Certificate, audited financial statements (balance sheet, P&L, ITR) for the last FY.\n3. Providing founder's details (Name, Education, Experience, Contact).\n4. Providing primary contact details.\n5. Providing business details (Name, Registration Type & Number, Address, Category, Customers, Industry Type, Product/Service, Required Investment, Competitors, Problem solved, Investment utilization, Website, Registration Date & Copy).\n6. Providing financial details (Turnover, Net Profit, Assets, Debt for last FY, uploaded audited statements).\n7. Submitting a business pitch describing the product/service, differentiation, technology used, and revenue generation.