Meghalaya capital incentive

1. New unit registered after notification and not later than 30.09.2026, with production within 4 years of registration; new GSTIN; not formed by split, transfer of used machinery, relocation or re-opening
2. Or expansion: additional investment at least 25% of existing investment that increases capacity
3. Manufacturing: minimum ₹1 crore in P&M; services: minimum ₹50 lakh in building and durable assets; micro: minimum ₹50 lakh (building counted in P&M) - ICAI summary prints ₹10 lakh for micro, check amendment
4. Service units only from listed activities (hotels, tourism incl. homestays, education, skilling, music/films, sports, biotech, fintech, healthcare, IT-ITeS, BPO, EV charging, tech start-ups)
5. Not in negative list (tobacco, plastic bags below 20 micron, refinery products, non-compliant polluting units, low value addition, arms, sawmills and veneer mills, wood-fuelled lime kilns, PSUs, low-ash met coke and pet coke, leather tanning, engine oil refining, cement)
6. Local employment undertaking: years 1-2 at least 25% managerial and 90% non-managerial Meghalaya domicile; from year 3 at least 50% and 90%; minimum wages
7. One unit per applicant (same name and GST number); incentive only once; physical verification mandatory
8. Final invoices for P&M/building on or after policy notification; cash payments ineligible
9. Central/State PSUs not eligible; CM Elevate beneficiaries can take only SGST incentive under MIIPP

• 30% of P&M / building & durable asset cost
• MSME cap ₹10 crore (priority) or ₹8 crore (others); Large ₹15 crore / ₹12 crore

Only 'core' investment counts

1. If UNNATI capital incentive is available, state pays only the difference
2. Phased production allowed (max 3 phases); incentive flows after final commencement
3. Approval: District Investment Committee (up to ₹1 crore), State Investment Committee (₹1-10 crore), High-Powered Investment Committee (above ₹10 crore)
4. Overall cap ₹100 crore per unit from all MIIPP components
5. Refund of all incentives if unit closes, relocates or disposes of substantial assets within 5 years; 15% interest on misrepresentation