Money for your businessloan with subsidyChecked Oct 2026
CMEGP (Maharashtra Chief Minister's Employment Generation Programme)
Maharashtra's own version of PMEGP: a bank loan with a state subsidy on the project cost for new manufacturing, service and agro-based units.
Project cost limit, manufacturing
₹50 lakh
- For
- Residents of Maharashtra starting a new unit
- Project cost limit, service and agro-based
- ₹20 lakh
- Subsidy
- 15% to 35% of project cost
- Age
- 18 to 45 (five years more for special categories)
- Education
- 7th pass for ₹10–25 lakh projects, 10th pass above ₹25 lakh
What to know
- The subsidy depends on whether you are in the general or special category and whether the unit is urban or rural.
- Special categories include SC, ST, women, ex-servicemen and persons with disabilities.
- Only one person in a family (self and spouse) can apply. There is no income ceiling.
- You cannot combine it with PMEGP for the same unit.
How to apply
- Apply on the state portal (maha-cmegp.gov.in) with a project report, Aadhaar, domicile, education and caste certificates where relevant.
- The District Industries Centre or KVIB scrutinises it and a district committee recommends it to the bank.
- After the bank sanctions the loan, complete the entrepreneurship training before release.
Ask before you apply
We could not confirm these points. Terms change, so ask and get the answer in writing.
| Ask | Where to ask |
|---|---|
| What is the exact subsidy percentage for my category and area this year? | District Industries Centre |
| Is the scheme accepting applications and is there budget left this year? | District Industries Centre or the CMEGP portal |
Other ways to raise money
- Mudra loanCollateral-free business loans in four slabs
- PMEGPLoan with subsidy for new units
- PM SVANidhiStreet vendors and hawkers in towns
- PM VishwakarmaPeople working with their hands in 18 traditional trades
- Stand-Up IndiaSC, ST and women starting a new enterprise of some size
- CGTMSE guaranteeAny micro or small enterprise that has no property to pledge
- Self-help group creditWomen in rural self-help groups
- Microfinance loanLow-income households with no collateral
- Gold loanAnyone with gold ornaments who needs money quickly
Sources
Scheme terms change by government order and differ between banks. Confirm everything with the bank or the scheme office before you commit money. Checked Oct 2026.