CMEGP Maharashtra
About This Scheme:
The Chief Minister Employment Generation Programme (CMEGP) is a credit-linked subsidy scheme by the Government of Maharashtra to help people start new businesses (manufacturing or service) with bank loans + government subsidy.
Objectives:
- Create self-employment opportunities
- Promote micro & small enterprises (MSME)
- Support rural & urban entrepreneurship
- Generate large-scale employment (target: lakhs of jobs)
Who can apply? (Eligibility):
🧑🎨 Basic Eligibility:
- Age: 18 to 45 years (relaxation +5 years for reserved categories)
- Must be domicile of Maharashtra
- Only new business allowed (existing units NOT eligible)
- Only one person per family can apply
📚 Educational Eligibility:
- Above ₹10 lakh project → 7th pass
- Above ₹25 lakh → 10th pass
❌Non Eligible:
- Already running business
- Already took subsidy under schemes like PMEGP/PMRY
- Multiple applications from same family
Loan & Subsidy Details:
Subsidy (Margin Money):
| Category | Urban | Rural |
|---|---|---|
| General | 15% | 25% |
| Special (SC/ST/Women/OBC etc.) | 25% | 35% |
✔ Subsidy is back-ended (kept in bank as TDR for 3 years)
Beneficiary Contribution:
- General: 10%
- Special: 5%
Bank Loans:
- Remaining 60–90% financed by bank
Project Cost limit:
- Manufacturing: up to ₹50 lakh (sometimes extended to ₹1 crore)(used by banks/ govt.)
- Service / Agro-based: ₹10 lakh to ₹50 lakh
Important Rules:
- Land cost NOT included
- Building allowed up to 20% of project cost
- Working capital up to 30%
Eligible Business:
🏭 Manufacturing:
- Food processing, bakery
- Fabrication, carpentry
- Garments, tailoring
🛠️ Service Sector:
- Repair shops, mobile service
- Beauty parlour, salon
- Printing, packaging
🌾 Agro-based:
- Dairy, poultry
- Fisheries, beekeeping
- Agro-processing units
🚚 New-age Businesses:
- E-vehicle transport
- Cloud kitchen, food van
- Franchise/single-brand outlets
Implementing Organisation:
- Directorate of Industries (DOI)
- District Industries Centres (DIC)
- Maharashtra Khadi & Village Industries Board (KVIB)
- Banks
📄Documents Required:
- Aadhaar Card
- PAN Card
- Domicile certificate
- Educational certificates
- Project report (DPR)
- Machinery quotation
- Bank details
- Caste certificate (if applicable)
- Passport-size photos
🪜 How to apply (Application Steps):
- Register online via CMEGP Portal
- Fill application form
- Upload documents + project report
- Verification by DIC
- Forward to bank
- Loan sanction
- EDP training (Entrepreneurship training)
- Loan disbursement
- Subsidy release after business starts
Subsidy releases Rules:
- Subsidy is not given upfront
- Kept in TDR (Term Deposit) for 3 years
- Adjusted only if business runs successfully
- If business fails → subsidy may be recovered
Loan & Repayment:
- Type: Term Loan + Working Capital
- Interest: As per bank (approx 10–13%)
- EMI starts after loan disbursement
Monitoring & Inspection:
- Physical inspection by DIC/KVIB
- Regular monitoring every 6 months
- Business must remain operational
Training Requirements:
- Mandatory EDP (Entrepreneurship Development Programme)
- Helps in:
- Business planning
- Financial management
- Marketing
Similar Schemes for Other States:
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