Meghalaya Interest Subvention Incentive
Department of Commerce and Industries, Government of Meghalaya · Central government
A 5% yearly interest subvention for Priority Sector units and 4% for non-priority units, available for up to 7 consecutive years.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Not specified
- Instrument
- Subsidy
- Deadline
- Rolling
- Disbursement
- Reimbursed after spend
About this scheme
Under Clause 3.4.2.ii of the Meghalaya Industrial and Investment Promotion Policy (MIIPP) 2024, industrial units that qualify may claim a State Interest Subvention Incentive against loans they have taken.
The rate of subvention differs by sector. Priority sector units are extended 5% per annum, while those in the non-priority sector receive 4% per annum. In either case, the incentive is available for a maximum of 7 consecutive years.
As per the policy summary, the benefit applies to loans with a principal amount of up to Rs 250 crore.
Who can apply
- Eligible business forms
- Not specified
- Udyam registration
- Not specified
- MSME registration
- Required
- DPIIT startup recognition
- Not required
- GST registration
- Not specified
- Maximum age of business
- 5 years
- Where the business may be based
- Mizoram
- Industrial unit qualifying under MIIPP 2024 - Unit situated in Meghalaya - Term loan availed for the project - Interest subvention of 5% per annum for priority sector units; 4% per annum for non-priority units
How to apply
1. Obtain the project loan from a financial institution that is recognised. 2. Through the Invest Meghalaya single window, register both the unit and the loan with the Commerce and Industries Department. 3. For every claim period, furnish the sanction letter, the repayment schedule and the interest paid certificates. 4. Subvention is disbursed once the interest actually paid has been verified.
How applications are assessed
The Commerce and Industries Department checks each claim against the loan documents and the unit's classification as priority or non-priority under MIIPP 2024. No competitive selection is involved.
Frequently asked questions
How much interest does the state cover?
Priority sector units receive an annual rate of 5%, while non-priority sector units are charged 4%.
How long does the subvention run?
A maximum of 7 consecutive years.
Is there a cap on the loan size?
The incentive covers loans with a principal amount of up to Rs 250 crore.
Do I still repay the loan?
Yes, you are responsible for repaying the loan to the lender; the state only covers a portion of the interest.
Sectors
- Meghalaya
- Interest Subvention
- Term Loan
- Miipp 2024
- Manufacturing
- Msme
Details last verified on 18 September 2026. Source: the issuer's published information.