Snapshot of the CM - ELEVATE Program
ProgramProviding financial aid and handholding support to individuals and groups from across the state to take up various businesses listed under the program. |
Who can apply?- Individuals from Meghalaya
- Registered entities from Meghalaya such as societies, companies, corporations, organizations etc.
- Non-registered entities from Meghalaya such as Self-Help Groups (SHGs), Village Organizations (VOs), Producer Groups (PGs) etc.
Note: Applications shall not be ordinarily considered for the following - Following individuals (currently employed as full-fledged or contractual, or retired and drawing pension) and their Immediate family members which includes spouse, parents, and children up to the age of 30
- State and central Government employees
- Employees of public sector undertakings, subsidiaries of public sector undertakings and divisions of public sector undertakings etc.
- Any individual whose job is concerned with politics such MLAs, MLCs, MPs etc. or seeking to hold a similar position in government
- Registered class-1 contractors
- Consultants who are currently engaged with state or central government
- Pressure groups and organizations that are primarily political in nature.
|
Nodal Department for the overall programPlanning, Investment Promotion & Sustainable Development Department |
Implementing Departments/agencies for schemes under the program- Department of Agriculture and Farmers’ Welfare
- Animal Husbandry & Veterinary Department
- Tourism Department
- Meghalaya Basin Management Agency, MBMA
|
Application procedureOnline application on the CM-ELEVATE program portal |
Overview of various schemes
| # | Scheme Name | Implementing Department/ Agency | Primary offerings of the schemes | Total Financial Aid on Project Cost from GoM | Program Details |
| 1. | PRIME Tourism Vehicle Scheme | Tourism Department | 1. Financial aid to buy any passenger vehicle/2-cabin pickup truck from range of options mentioned in the scheme guidelines as per the need. 2. Training to the drivers and owners to enhance interpersonal, communication, basic lifesaving, emergency situation handling skills etc. | 50% | Click to view details |
| 2. | Agro Tourism Villa Scheme | Tourism Department | 1. Financial aid to build luxury tourist villas across the state. 2. Additional handholding support to understand management and operation of the tourist villas. | 35% | Click to view details |
| 3. | Meghalaya Tourism Homestay Scheme | Tourism Department | 1. Financial aid to build homestays for tourist accommodation across the state. 2. Additional handholding support to understand management and operation of the homestays. | 70% – Rural ST 60% – Urban ST, Rural General 50% – Urban, general | Click to view details |
| 4. | Meghalaya Motorcaravan Scheme | Tourism Department | 1. Financial aid and support to buy a motorcaravan as per the guidelines provided in the scheme from any certified caravan manufacturer from the country. 2 Additional support in identification of caravan parking areas. | 50% or 25 Lakhs which ever is lower | Click to view details |
| 5. | PRIME Agriculture Response Vehicle Scheme (PRIME ARVS) | Department of Agriculture and Farmers’ Welfare | 1. Financial aid and support to buy any goods carrier for agriculture logistics from various options mentioned in the scheme guidelines. 2. Support through 1917 iTeams in getting additional transportation businesses. | 50% | Click to view details |
| 6. | Meghalaya Polyhouse Scheme | Department of Agriculture and Farmers’ Welfare | 1. Financial aid and handholding support to establish a polyhouse (hi-tech or naturally ventilated) in Meghalaya. 2. Access to training programs by the department. | 50% | Click to view details |
| 7. | Meghalaya Warehouse Scheme | Meghalaya Basin Management Agency, MBMA | Financial aid and handholding support to establish a warehouse to store agriculture and related products in Meghalaya as per the guidelines mentioned in the scheme. | 75% | Click to view details |
| 8. | Meghalaya Common Facility Center Scheme | Meghalaya Basin Management Agency, MBMA | Financial aid and handholding support to establish a common facility center, a standard, weather-proof infrastructure providing commonly needed facilities at one place, leading to reduction in operational costs and investment for the rural communities and enterprises in the village in Meghalaya, as per the guidelines mentioned in the scheme. | 75% | Click to view details |
| 9. | Meghalaya Piggery Development Scheme | Animal Husbandry & Veterinary Department | 1. Financial aid and handholding support for shed construction, equipment, animals etc. to establish a pig farm. 2. Training to the entrepreneurs in maintaining the farm and animals. | 50% | Click to view details |
| 10. | Meghalaya Dairy Development Scheme | Animal Husbandry & Veterinary Department | 1. Financial aid and handholding support for shed construction, equipment, cattle, feed etc. to establish a cattle farm. 2. Training to the entrepreneurs in maintaining the farm and cattle. | 50% | Click to view details |
| 11. | Meghalaya Goat Farming Scheme | Animal Husbandry & Veterinary Department | 1. Financial aid and handholding support for inputs, sheds, and equipment etc. to establish a goat farm. 2. Training to the entrepreneurs in maintaining the farm and goats | 50% | Click to view details |
| 12. | Meghalaya Poultry Farming Scheme | Animal Husbandry & Veterinary Department | 1. Financial aid and handholding support for inputs, sheds, and equipment etc. to establish a poultry farm. 2. Training to the entrepreneurs in maintaining the farm and birds. | 50% | Click to view details |
| 13. | Meghalaya Cinema Theatre Scheme | Meghalaya Basin Management Agency | 1. Financial aid and handholding support to establish Cinema Theatres with value additions such as food court, gaming zones etc. aimed at providing entertainment and promoting cultural enrichment for the people of the state. 2. Training to the entrepreneurs in operation and maintenance of the establishment. | 35% or maximum of 1 crore for a 200-seater & 35% or maximum of 50 lakhs for a 100- seater | Click to view details |
| 14. | Meghalaya Sports and Wellness Scheme | Meghalaya Basin Management Agency | 1. Financial aid and handholding support to establish Wellness Centres which include construction, maintenance and running of Swimming Pools with value additions like indoor games, spas, and gyms in every district of the state. 2. Training to the entrepreneurs in operation and maintenance of the establishment. | 35% or maximum of 1 crore to the top 5 & 35% to remaining entrepreneurs. | Click to view details |
| 15. | Meghalaya Any Business Venture Scheme | Meghalaya Basin Management Agency | 1. Financial aid and handholding support to establish any business venture such as restaurants; food trucks; theatre and drama training centres; centre of performing arts; music studios for recording and production; music & dance school comprising of Indian, Western Classical forms; units for packaging, branding and storage; local handicraft and handloom units; and any other unit not listed above may also apply. 2. Training to the entrepreneurs in operation and maintenance of the establishment. | 35% or 15 Lakhs whichever is lower | Click to view details |
General eligibility criteria
The eligible criteria below are general guidelines for the program. However, kindly refer to the individual scheme guidelines for specific eligibility requirements.
Individual entrepreneurs
Must be permanent residents of Meghalaya
- Must be above 18 years of age and below 58 years of age
- Must provide valid residential ID proof which includes Aadhar Card, voter ID, Passport, Driving License.
- Should be eligible to apply for loan and not be a defaulter at any financial institution
- Should not have any pending criminal or legal case
- Applications from following individuals, (currently employed as full-fledged or contractual, or retired and drawing pension) and their Immediate family members which includes spouse, parents, and children up to the age of 30, are ordinarily not considered
Registered entities
- Any registered entity such as cooperative, societies, companies, corporations etc. can apply
- Should be registered with Government of Meghalaya and must provide a valid registration certificate
- President and Secretary must provide valid residential ID proof which includes Aadhar Card, Voter ID, Passport, Driving License.
- Should be eligible to apply for loan and not be a defaulter at any financial institution
- Should not have any pending criminal or legal case
- Pressure groups and organizations that are primarily political in nature shall not be ordinarily considered.
Non-registered entities
- Any unregistered but recognized entity such as village organizations, self-help groups, producer groups etc. based in Meghalaya can apply
- President and Secretary must provide valid residential ID proof which includes Aadhar Card, Voter ID, Passport, Driving License
- Should not be a defaulter at any financial institution
- Should not have any pending criminal or legal case
- Pressure groups and organizations that are primarily political in nature shall not be ordinarily considered.
Submission requirements as proof of eligibility:
The applicants are required to provide proof of their eligibility for the scheme by submitting the required documents as mentioned in the individual scheme guidelines.
However, in general the following documents are required.
- Residency proof which includes Aadhar card, voter id, driving license, passport.
- Land ownership/lease certificate such as sale deed, registration certificate etc wherever applicable
- No objection certificate from the headman wherever applicable
- Letter of certification from the Block Development Officer (BDO) as a proof of involvement with the sector related to the scheme
- Aadhar linkage is mandatory to receive the benefits of annual rate of interest subvention up to 3% for the following schemes under the Interest Subvention Scheme implemented by Reserve Bank of India (RBI) and National Bank for Agriculture and Rural development (NABARD). However, entrepreneurs are requested to visit any of the partner banks for more information on the same.
- Reefer Trucks under PRIME-ARVS
- Warehouse Scheme
- Common Facility Center Scheme
- Pan card, if available
- Income tax return copy, if available
- Latest bank statement, if available
- GST certificate and statement of return, wherever applicable
- Any other document as specified by the department and the partner banks.
Implementation Mechanism
The entrepreneurs can apply for the scheme “online” through CM-ELVATE Program Portal. Applicants can visit the portal, select, and apply for any scheme based on their needs.
General Application Procedure:
Figure 1 General Application Procedure
Implementing and monitoring departments/agency:
| CM’s Elevate Program | Planning, Investment Promotion & Sustainable Development Department will be monitoring the implementation of the program at the state level. |
| Individual schemes under the program | State departments and agencies implementing the respective schemes will be monitoring the implementation of the individual schemes at state and district levels. |
Evaluation mechanism
- Implementing departments and agencies responsible for the implementation of individual schemes to issue notifications from time to time on formation of shortlisting, screening, and evaluation committees at district and/or state level as required.
- Since all the schemes under the program are credit linked, the financing partners/banks for the program will be integral part of the evaluation committee.
General Criteria:
General criteria for evaluation of applications will be based on the following.
- Scrutiny of suitably filled online forms and submitted documents
- Entrepreneurs’ residency proof since only permanent residents of the state are eligible
- Current occupation of the entrepreneurs and their immediate family members
- Entrepreneurs’ need, sincerity, expertise, and knowledge on the sectors related to the scheme they have applied
- Required credit score of entrepreneurs to get loan from the partnered banks
- Entrepreneurs’ business acumen and their willingness to repay the loan on time
- Entrepreneurs’ willingness to attend trainings, knowledge sessions and capacity building programs to be provided by the implementing agencies from time to time
- Pressure groups and organizations that are primarily political in nature shall not be ordinarily considered.
3. The specific criteria for evaluation of applications may differ for individual schemes
4. Personal interviews may also be conducted by implementing departments, whenever required
5. The program is designed to promote entrepreneurship and provide employment across the State. Thus, to ensure fair and equitable opportunities to all, the nodal agency shall notify the block-wise/district-wise allocations from time-to-time.
Financing Plan
The funds will be made availablefrom state’s own resources by leveraging funds from Meghalaya Basin Management Agency, MBMA under Meghalaya Livelihood and Access to Markets Projects, Megha-LAMP (External Aided Project funded by International Fund for Agricultural Development, IFAD).
Upfront support:
- Considering thelow per capita income of the state’s population limited size of the market and private investments, the Government realises theneed of providing upfront financial aid to the entrepreneurs.
- The upfront financial aid will also support the entrepreneurs by reducing the risks associated with credit from the banks.
Operational subsidy in the form of EMI Co-payment:
- Since the program consists of various schemes which are credit linked, the Government has mutually partnered with several public and private sector banks to finance the Program. The detailed list of the schemes and their financing partners have been provided in the Table#4 below.
- Entrepreneurs can choose to partner with any bank listed under the schemes to apply for credit based on their choice and ease of banking.
- To support the entrepreneurs in paying the EMIs to the banksin the initial months of the project, government has decided to co-pay the EMIs in most of the schemes.For details, entrepreneurs can refer to the table#4 below.
- The operational subsidy will support the entrepreneurs by
- Reducing the risks associated with credit/loan from banks
- Reducing operational cost of their businesses in the initial years of establishment.
Loan amount/loan-term/Moratorium period/Annual rate of interest
| Loan Amount | Up to 95% of the total project cost in the form of term loan to the entrepreneur. |
| Loan term | Varies from 5 years to 15 years based on individual scheme |
| Moratorium period | Varies from 3 months to 18 months |
| Annual rate of interest | Variable interest rates are applicablefor partner banks. Interest rates also variesfrom one scheme to another. Note: Additional subvention on annual rate of interest up to 3% is applicable upon Aadhar linkage by the entrepreneurs to the partners banks for the following schemes, 1) Reefer Trucks under PRIME-ARVS 2) Warehouse Scheme 3) Common Facility Center Scheme However, Entrepreneurs are requested to visit any of the partner banks for more information on the same. |
The figures below show the overview of Financing Plan for different Subsidy schemes (75%/ 50%/ 35%). They also depict the total financial share between Government of Meghalaya and Entrepreneur.
Quantum and nature of assistance:
The total financial aid in the form of upfront capital support and operational supportin the form EMI co-payment will be provided on the total project costs for respective schemes.
The table below provides the information on scheme wise support being provided by the government to the entrepreneurs.
| # | Scheme Name | Financing Partners | Loan term (years) | Moratorium period (Months) | Upfront contribution by GoM (% of the project cost) | EMI support (% of project cost) |
| 1. | PRIME Tourism Vehicle Scheme | 1) Meghalaya Rural Bank (MRB) 2) The Meghalaya Co-Operative Apex Bank Ltd (MCAB) 3) State Bank of India (SBI) 4) HDFC Bank 5) Northeast Small Finance Bank 6) Shillong Cooperative Urban Bank Ltd | 5 years | 3 | 45% | 5% |
| 2. | Agro Tourism Villa Scheme | 1) Meghalaya Rural Bank (MRB) 2) State Bank of India (SBI) 3) HDFC Bank 4) Northeast Small Finance Bank 5) Shillong Cooperative Urban Bank Ltd | 15 | 18 | 25% | 10% |
| 3. | Meghalaya Tourism Homestay Scheme | 1) Meghalaya Rural Bank (MRB) | 7 | 12 | Up to 35% or 7 Lakhs whichever is lower from PMEGP | 35% or 3.5 Lakhs whichever is lower from GoM |
| 4. | Meghalaya Motorcaravan Scheme | 1) Meghalaya Rural Bank (MRB) 2) State Bank of India (SBI) | 7 | 6 | 45% | 5% |
| 5. | PRIME Agriculture Response Vehicle Scheme | 1) Meghalaya Rural Bank (MRB) 2) The Meghalaya Co-Operative Apex Bank Ltd (MCAB) 3) State Bank of India (SBI) 4) HDFC Bank 5) Northeast Small Finance Bank 6) Shillong Cooperative Urban Bank Ltd | 5-7 years | 3 | 45% | 5% |
| 6. | Meghalaya Polyhouse Scheme | 1) State Bank of India (SBI) 2) HDFC Bank 3) Northeast Small Finance Bank 4) Shillong Cooperative Urban Bank Ltd | 7 | 12 | 45% | 5% |
| 7. | Meghalaya Warehouse Scheme | 1) State Bank of India (SBI) 2) HDFC Bank 3) Northeast Small Finance Bank 4) Shillong Cooperative Urban Bank Ltd | 7 | 12 | 75% | 0% |
| 8. | Meghalaya Common Facility Center Scheme | 1) The Meghalaya Co-Operative Apex Bank Ltd (MCAB) 2) State Bank of India (SBI) 3) Northeast Small Finance Bank | 7 | 12 | 75% | 0% |
| 9. | Meghalaya Piggery Development Scheme | 1) Meghalaya Rural Bank (MRB) 2) State Bank of India (SBI) 3) HDFC Bank 4) Northeast Small Finance Bank 5) Shillong Cooperative Urban Bank Ltd | 5 | 12 | 45% | 5% |
| 10. | Meghalaya Dairy Development Scheme | 1) Meghalaya Rural Bank (MRB) 2) The Meghalaya Co-Operative Apex Bank Ltd (MCAB) 3) State Bank of India (SBI) 4) HDFC Bank 5) Northeast Small Finance Bank 6) Shillong Cooperative Urban Bank Ltd | 5 | 12 | 45% | 5% |
| 11. | Meghalaya Goat Farming Scheme | 1) State Bank of India (SBI) 2) HDFC Bank 3) Northeast Small Finance Bank 4) Shillong Cooperative Urban Bank Ltd | 5 | 12 | 45% | 5% |
| 12. | Meghalaya Poultry Farming Scheme | 1) Meghalaya Rural Bank (MRB) 2) State Bank of India (SBI) 3) HDFC Bank 4) Northeast Small Finance Bank 5) Shillong Cooperative Urban Bank Ltd | 5 | 12 | 45% | 5% |
| 13. | Meghalaya Cinema Theatre Scheme | 1) State Bank of India (SBI) | 15 | 18 | 25% | 10% |
| 14. | Meghalaya Sports and Wellness Scheme | 1) The Meghalaya Co-Operative Apex Bank Ltd (MCAB) 2) State Bank of India (SBI) 3) HDFC Bank 4) Shillong Cooperative Urban Bank Ltd | 15 | 18 | 25% | 10% |
| 15. | Meghalaya Any Business Venture Scheme | 1) The Meghalaya Co-Operative Apex Bank Ltd (MCAB) 2) State Bank of India (SBI) 3) HDFC Bank 4) Shillong Cooperative Urban Bank Ltd | 15 | 18 | 25% | 10% |
- Disbursement of subsidy by the government
- Margin money/upfront support from the Government will be transferred to the bank in favour of the entrepreneur within 15 days of receipt of request from the bank.
- EMI support, where applicable, will be submitted to the financing partners directly by the government based on the terms and conditions defined by the department in the respective schemes.
- Completion of loan process
- Banks are required to complete the loan process within the specified period defined by the department as per the Memorandum of Understanding (MoU) .
- In case the entrepreneurs fail to pay their contribution of upfront amount within the specified time after the announcement of the results, the allotment will be passed on to the entrepreneurs in the waiting list.
Terms and Conditions
The terms and conditions for the entrepreneurs varies from one scheme to the other. However, below are the general terms and conditions for the overall program.
- A triparted contract shall be signed at the time of sanctioning of the loan by each entrepreneur with the department and bank from which the credit has been taken.
- Must attend training programs conducted by the implementing agencies.
- Government has the right to terminate the contract and following which entrepreneurs are required to return the entire fund support received from the government with an additional annual interest charge and may also include legal action on the entrepreneur for following reasons,
- any breach in utilization of funds,
- if entrepreneur is found not to abide by the terms and conditions of the contract and found to be engaged in fraudulent /illegal/criminal activities.
Indicative no. of units and total cost of the investment to the state
The table below shows the indicative number of units and approximate investment by the Government of Meghalaya planned for three years under the Chief Minister’s Elevate Program.
However, the numbers and project costs may differ based on decisions taken by the nodal agency for the program and various departments responsible for implementation of the schemes.
Scheme | Models under the scheme | Cost per unit | Subsidy | Indicative No. of units for 3 years | Approximate investment from GoM in 3 years (Cr) |
PRIME Tourism Vehicle Scheme | 15-Seater | ₹ 35,00,000 | 50% | 30 | ₹ 5 |
4+D seater pickup | ₹ 10,75,111 | 50% | 70 | ₹ 4 |
7+D Seater Passenger | ₹ 20,00,000 | 50% | 100 | ₹ 10 |
All | | 50% | 200 | ₹ 19 |
Agro Tourism Villa Scheme | Single Model | ₹ 1,50,00,000 | 35% | 30 | ₹ 16 |
Meghalaya Tourism Homestay Scheme | Urban | ₹ 10,00,000 | 35% | 1,500 | ₹ 53 |
Rural | ₹ 10,00,000 | 35% | 500 | ₹ 18 |
All | | 35% | 2,000 | ₹ 70 |
Meghalaya Motorcaravan Scheme | Project Cost – 1 | ₹ 50,00,000 | 50% | 21 | ₹ 5 |
Project Cost- 2 | ₹ 35,00,000 | 50% | 9 | ₹ 2 |
All | | 50% | 30 | ₹ 7 |
PRIME Agriculture Response Vehicle Scheme | Pick Up | ₹ 10,00,000 | 50% | 340 | ₹ 17 |
Refrigerated Trucks | ₹ 20,00,000 | 50% | 30 | ₹ 3 |
Mini Truck | ₹ 13,00,000 | 50% | 30 | ₹ 2 |
All | | 50% | 400 | ₹ 22 |
Meghalaya Polyhouse Scheme | Naturally Ventilated | ₹ 4,72,400 | 50% | 540 | ₹ 13 |
Hi-Tech | ₹ 6,38,000 | 50% | 460 | ₹ 15 |
All | | 35% | 1,000 | ₹ 27 |
Meghalaya Warehouse Scheme | 1000 sq. feet | ₹ 20,50,000 | 75% | 45 | ₹ 7 |
1500 sq. feet | ₹ 30,75,000 | 75% | 45 | ₹ 10 |
2000 sq. feet | ₹ 41,00,000 | 75% | 30 | ₹ 9 |
2500 sq. feet | ₹ 51,25,000 | 75% | 15 | ₹ 6 |
3000 sq. feet | ₹ 61,50,000 | 75% | 15 | ₹ 7 |
All | | 75% | 150 | ₹ 39 |
Meghalaya Common Facility Center Scheme | 1000 sq. feet | ₹ 22,50,000 | 75% | 70 | ₹ 12 |
1500 sq. feet | ₹ 32,75,000 | 75% | 15 | ₹ 4 |
2000 sq. feet | ₹ 43,00,000 | 75% | 15 | ₹ 5 |
All | | 75% | 100 | ₹ 20 |
Meghalaya Piggery Development Scheme | Single Model | ₹ 1,25,000 | 50% | 6,000 | ₹ 38 |
Meghalaya Dairy Development Scheme | Single Model | ₹ 3,00,000 | 50% | 1,500 | ₹ 23 |
Meghalaya Goat Farming Scheme | Single Model | ₹ 1,00,000 | 50% | 2,200 | ₹ 11 |
Meghalaya PoultryFarming Scheme | Single Model | ₹ 1,20,000 | 50% | 6,000 | ₹ 36 |
Meghalaya Cinema Theatre Scheme | 100-seater | ₹ 1,50,00,000 | 35% | 15 | ₹ 8 |
200-seater | ₹ 3,00,00,000 | 35% | 5 | ₹ 5 |
All | | 35% | 20 | ₹ 13 |
Meghalaya Sports and Wellness Center Scheme | NA | ₹ 3,00,00,000 | 35% | 5 | ₹ 5 |
NA | ₹ 1,50,00,000 | 35% | 25 | ₹ 13 |
All | | 35% | 30 | ₹ 18 |
Meghalaya Any Business Venture scheme | Single Model | ₹ 50,00,000 | 35% | 200 | ₹ 35 |
Total | 19,860 | ₹ 392 |
Economic value addition to the state’s economy
Through the CM-ELEVATE program, it is envisioned that ₹1,368 Crores shall be added to the State’s GDP in the next three years.
| Schemes | Year 1 | Year 2 | Year 3 |
| Value addition to state’s GDP (in crores) |
| PRIME Tourism Vehicle | ₹10.8 | ₹9.3 | ₹10.5 |
| Agro Tourism Villa Scheme | ₹3.7 | ₹3.7 | ₹3.7 |
| Meghalaya Tourism Homestay Scheme | ₹50.4 | ₹46.8 | ₹46.8 |
| Motorhome Meghalaya | ₹3.6 | ₹1.0 | ₹5.3 |
| PRIME Agri Vehicle | ₹5.3 | ₹7.0 | ₹7.8 |
| Polyhouse Scheme | ₹18.4 | ₹14.7 | ₹12.9 |
| Warehouse Scheme | ₹1.6 | ₹1.4 | ₹1.3 |
| Common Facility Center Scheme | ₹0.5 | ₹0.4 | ₹0.4 |
| Backyard Piggery Scheme | ₹204.3 | ₹204.3 | ₹81.7 |
| Dairy Development Scheme | ₹0.0 | ₹22.7 | ₹22.7 |
| Backyard Goatery Scheme | ₹0.0 | ₹26.2 | ₹26.2 |
| Backyard Poultry Scheme | ₹143.4 | ₹103.7 | ₹11.1 |
| Cinema Theatre Scheme | ₹8.5 | ₹9.5 | ₹9.1 |
| Wellness Center Scheme | ₹4.4 | ₹5.0 | ₹3.0 |
| Any business venture scheme | ₹100.0 | ₹55.0 | ₹60.5 |
| Year to year (in crores) | ₹554.8 | ₹510.7 | ₹302.8 |
| Total in 3 years (in crores) | ₹ 1,368 |
