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Banking,Financial Services and InsuranceState/ UT Level

Meghalaya Cinema Theatre Scheme

The scheme's objective is to promote youth entrepreneurship and employment in Meghalaya by supporting cinema theatres while preserving the state’s cultural heritage.

Authority

State/ UT

Region

Meghalaya

Status

Active / Open

Updated

Recently Verified

What are the Benefits?

A maximum project cost of ₹1.5 Crores for a 100-seater cinema theatre and INR 3 Crores for a 200-seater cinema theatre will be accepted under this scheme.

Who is Eligible?

The applicants must be between 18 and 58 years of age.; The applicants must be permanent residents of Meghalaya.; The applicants must have ownership of the land on which the theatre is proposed or have leased land.; The applicants shall not be credit defaulters of any bank.; The applicant must possess land, either self-owned or on lease, duly verified by the competent authority.; The applicant shall not be a credit defaulter of any bank.

Required Documents

Aadhaar Card
PAN Card
Income Certificate
Residence Proof (Domicile)

Common Questions

What is the objective of the scheme?

The scheme aims to promote entrepreneurship, generate employment for the youth of Meghalaya, and preserve the cultural heritage of the state through film and cinema.

What is the age requirement for individual applicants?

Individual applicants must be between 18 and 58 years of age to be eligible for the scheme.

Do applicants need to be residents of Meghalaya?

Yes, individual applicants must be permanent residents of Meghalaya to qualify for the scheme.

Is land ownership required to apply for the scheme?

Yes, applicants must either own the land on which the cinema theatre is proposed or have valid leased land verified by the competent authority.

Can registered entities apply for the scheme?

Yes, registered entities can apply if they possess land (owned or leased) and meet the other eligibility conditions set under the scheme.

Are credit defaulters eligible to apply?

No, applicants must not be credit defaulters of any bank in order to be eligible for the scheme.

What is the maximum project cost supported under the scheme?

The scheme supports a maximum project cost of ₹1.5 Crores for a 100-seater cinema theatre and ₹3 Crores for a 200-seater cinema theatre.

Does the scheme support the upgradation of existing cinema theatres?

Yes, the scheme provides financial assistance for both establishing new cinema theatres and upgrading existing ones.

How will the scheme benefit the youth of Meghalaya?

The scheme encourages entrepreneurship among youth and creates employment opportunities through the development and operation of cinema theatres and related services.