Funding & Schemes
Financing Meghalaya's entrepreneurs
From seed grants to credit guarantees — PRIME runs a suite of funding mechanisms designed to get capital into the hands of the state's most ambitious founders.
Government of Meghalaya
Funding & Schemes
From seed grants to credit guarantees — PRIME runs a suite of funding mechanisms designed to get capital into the hands of the state's most ambitious founders.
The Challenge
Access to timely, low-cost financing remains one of the biggest barriers facing entrepreneurs in Meghalaya — particularly micro, nano, and solo operators who fall outside the reach of traditional banking.
PRIME addresses this through a combination of direct grants, interest-free loans, credit enhancement mechanisms, and a dedicated innovation fund — ensuring every entrepreneur, regardless of stage or sector, has a pathway to capital.
High collateral requirements that exclude nano and micro entrepreneurs
Lack of formal credit history among first-generation entrepreneurs
Limited bank presence in rural and remote areas of Meghalaya
Information asymmetry between borrowers and financial institutions
Our Programmes
Grant
Up to ₹10 Lakhs · Non-returnable
Target
Early-stage startups working on novel ideas or prototypes
Purpose
To support Research & Development activities and help innovators transform concepts into viable, market-ready solutions.
Zero-Interest Loan
Up to ₹75 Lakhs · Zero interest
Target
Startups with existing revenue and demonstrated traction
Purpose
To provide capital for scaling operations, refining business models, and expanding market reach — all without incurring interest burdens.
Grant
Up to ₹3 Lakhs
Target
Registered and operational micro or small enterprises
Purpose
To enhance technology adoption or infrastructure upgrades, enabling productivity and competitiveness among local businesses.
Grant
Up to ₹35 Lakhs
Target
Individuals, startups, or organizations with high-impact innovations
Purpose
To fund transformative ideas that address key challenges and have the potential for sector-wide or cross-sectoral impact.
PRIME Funding is open to every eligible entrepreneur from Meghalaya, and applications are made through this website. Current application windows and timeframes are announced on the Events & Announcements page.
Next Steps
01
Create an account on the PRIME Entrepreneur Portal on this website to begin your application.
02
Visit or contact the nearest PRIME Hub in your district. Our team will assess your stage and match you to the right funding window.
03
Submit your business plan and go through the assessment process. Selected entrepreneurs receive grants, loans, or credit linkages based on their profile.
Apply
Register on the PRIME portal and our team will guide you to the most suitable funding opportunity for your business.
Register on PRIME Portal