What you get
- 75% of project cost supported by Government of Meghalaya as upfront margin money (5% by entrepreneur, 20% as bank loan) | - Credit linkage through partnered banks – State Bank of India (SBI) and Indian Bank | - Guidance in application process through implementing agencies | - Support in project realization and facilitation for unit setup under CM-ELEVATE framework | - Training and capacity building for entrepreneurs to successfully operate grainage, spinning, reeling, dyeing, and weaving units | - Financial assistance applicable for multiple unit types, including Eri Spinning, Muga Reeling, Weaving, and Grainage (with or without infrastructure support) | - One-time infrastructure support (500 sq ft/1000 sq ft shed) for eligible applicants, as per selected option | - Equipment cost coverage for spinning, reeling, weaving, dyeing, and grainage operations as per model | estimates
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the objective of the scheme?
The objective is to promote entrepreneurship in the sericulture and weaving sector and strengthen the production of Eri and Muga silk so that Meghalaya’s yarn and fabric can gain recognition in national and international markets.
How much financial assistance is provided under the scheme?
The Government of Meghalaya provides financial assistance of up to 75% of the total project cost as upfront margin money.
What is the beneficiary contribution required under the scheme?
Under the scheme structure, 75% of the project cost is supported by the government, 20% is provided as a bank loan, and the remaining 5% must be contributed by the entrepreneur.
Which banks provide loans under the scheme?
The scheme is linked with partnered banks such as State Bank of India (SBI) and Indian Bank for providing the required bank loan component.
Who can apply for the scheme?
Both individual entrepreneurs and collectives, including registered and unregistered entities involved in sericulture or weaving activities, are eligible to apply for the scheme.
What types of units can be set up under the scheme?
The scheme supports the establishment of grainage units for producing Disease-Free Layings (DFL), Eri spinning units, Muga reeling units, natural dyeing units, and weaving units.
Does the scheme support Muga silk production?
Yes, the scheme also supports Muga silk production due to Meghalaya’s favorable climatic conditions for its cultivation.
Is there support for setting up infrastructure?
Yes, eligible applicants may receive one-time infrastructure support such as a shed of 500 sq ft or 1000 sq ft depending on the selected option.
Are collectives required to employ workers?
Yes, collectives must provide an undertaking stating that they will employ at least five spinners or weavers.