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Chief Minister Employment Generation Programme (CMEGP)

Maharashtra's credit-linked subsidy programme for new micro and small enterprises, with project caps up to ₹50 lakh in manufacturing and ₹10 lakh in specified service/agro/transport activities.

Project capsManufacturing projects up to ₹50 lakh; service, agro/primary agro-processing, e-vehicle goods transport and specified single-brand ventures up to ₹10 lakh.Interest rateNormal prevailing rate of interest; no numeric scheme spread is published on the reviewed page.Eligible applicantsMaharashtra residents aged 18–45; special categories receive a five-year age relaxation. Proprietorships, partnerships and registered SHGs may establish new ventures; one person per family qualifies.
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Chief Minister Employment Generation Programme (CMEGP)

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you aged 18 to 45?

Published source: Eligible applicants

2Does your age meet this requirement: special categories receive a five-year age relaxation?

Published source: Eligible applicants

3Do you meet this requirement: Proprietorships, partnerships and registered SHGs may establish new ventures?

Published source: Eligible applicants

4Do you meet this requirement: one person per family qualifies?

Published source: Eligible applicants

5Do you meet this requirement: Application and KYC?

Published source: Documents

6Document checkDo you have this required document or proof: Application and KYC?

Published source: Documents

7Document checkDo you have this required document or proof: Maharashtra residence/domicile?

Published source: Documents

8Document checkDo you have this required document or proof: Category/disability certificate where applicable?

Published source: Documents

9Document checkDo you have this required document or proof: Project report and cost estimates?

Published source: Documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

Maharashtra

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible applicantsMaharashtra residents aged 18–45; special categories receive a five-year age relaxation. Proprietorships, partnerships and registered SHGs may establish new ventures; one person per family qualifies.View source
Complete age, residence, constitution and family rules reviewed.
Source
CMEGP
Page / section
Eligibility criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Project capsManufacturing projects up to ₹50 lakh; service, agro/primary agro-processing, e-vehicle goods transport and specified single-brand ventures up to ₹10 lakh.View source
Both project-cap groups reviewed.
Source
CMEGP
Page / section
Quantum and nature of financial assistance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Contribution and subsidyGeneral: 10% contribution, 15% urban subsidy and 25% rural subsidy. Special category (SC/ST/women/ex-servicemen/differently abled): 5% contribution, 25% urban subsidy and 35% rural subsidy.View source
All category and area cells retained.
Source
CMEGP
Page / section
Beneficiary contribution and subsidy table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateNormal prevailing rate of interest; no numeric scheme spread is published on the reviewed page.View source
The page specifies normal prevailing pricing only.
Source
CMEGP
Page / section
Rate of interest and repayment schedule
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment3 to 7 years after an initial moratorium as prescribed by the financing bank.View source
Published tenor range reviewed.
Source
CMEGP
Page / section
Rate of interest and repayment schedule
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
GuaranteeProjects are to be covered under CGTMSE; the page notes no separate collateral rule beyond the guarantee/security arrangements of the financing bank.View source
coverage instruction reviewed.
Source
CMEGP
Page / section
Rate and repayment; guarantee coverage
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsMaharashtraView source
The manually reviewed product record states: “Maharashtra”.
Source
Chief Minister Employment Generation Programme (CMEGP) — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
DocumentsApplication and KYC; Maharashtra residence/domicile; Category/disability certificate where applicable; Project report and cost estimates; Education certificate at published project-cost thresholds; SHG/firm registration and margin contribution evidenceView source
The manually reviewed product record states: “Application and ; Maharashtra residence/domicile; Category/disability certificate where applicable; Project report and cost estimates; Education certificate at published project-cost thresholds; /firm registration and margin contribution evidence”.
Source
Chief Minister Employment Generation Programme (CMEGP) — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • General contribution 10%, subsidy 15% urban/25% rural
  • Special-category contribution 5%, subsidy 25% urban/35% rural
  • Term loan, cash credit or composite funding
  • Three-year subsidy lock-in
  • Projects financed through Maharashtra DOI, DIC/KVIB and banks

Eligibility

  • Applicant must be a Maharashtra resident aged 18–45 (five-year relaxation for special categories), with no income ceiling; only new ventures qualify and only one person per family is eligible. Domicile evidence is required where born outside Maharashtra.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application and
  • Maharashtra residence/domicile
  • Category/disability certificate where applicable
  • Project report and cost estimates
  • Education certificate at published project-cost thresholds
  • /firm registration and margin contribution evidence

Related official documents

Chief Minister Employment Generation Programmeofficial-product-page · published-reference · accessed 31 Aug 2026
↗

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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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General · Contribution10%

This value is copied from CMEGP contribution and subsidy. Check the table notes before relying on it.

Source: CMEGP · Beneficiary contribution and subsidy table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 2 rows · 4 columnsCMEGP contribution and subsidyView tableHide table

Scroll sideways to view every column

CMEGP contribution and subsidy
CategoryContributionUrban subsidyRural subsidy
General10%15%25%
Special: SC/ST/women/ex-servicemen/differently abled5%25%35%
CMEGP · Beneficiary contribution and subsidy table · accessed 31 Aug 2026Open official source ↗
Table 2 · 10 rows · 2 columnsCMEGP project caps and eligibilityView tableHide table

Scroll sideways to view every column

CMEGP project caps and eligibility
ParameterPublished detail
Manufacturing cap₹50 lakh
Service/agro/e-vehicle/single-brand cap₹10 lakh
Age18–45; five-year relaxation for special categories
ResidenceMaharashtra; domicile if born outside Maharashtra
Income ceilingNone
Education7th standard for ₹10–25 lakh; 10th standard above ₹25 lakh
ProjectNew venture only; capital expenditure and one working-capital cycle; land excluded
Subsidy holdingMargin money kept as non-interest-bearing for 3 years
Repayment3–7 years after initial moratorium
Guarantee coverage instruction
CMEGP · Complete eligibility and implementation sections · accessed 31 Aug 2026Open official source ↗

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