§1Who it is for

  • New and expanding units with term loans

Useful if

Bank-funded projects.

Do not spend time on it if

Self-funded units.

§2Eligibility

  1. New or expanding manufacturing/service unit registered under MIIPP 2024
  2. Term loan from scheduled commercial bank or RBI-registered FI
  3. Same general MIIPP conditions (minimum investment, local employment, negative list)

§3Benefits

  • 5% a year (priority sector) or 4% (non-priority) for up to 7 consecutive years

§4Norms — pattern of assistance

  1. Only on loans up to ₹250 crore principal (whole loan, not tranche)
  2. On disbursed amount, not sanctioned

Paid after commercial production

  1. UNNATI interest subvention first; state pays the difference

§5Documents

Not published

The guideline does not list the documents. Ask the portal or bank before you apply — we do not make up lists.

§6How to apply

  1. 1

    Register on UIP; claim with Commerce & Industries Department after production

§7Pros and cons

Merits

  • 7-year subvention period is long (MIIPP para 3.4.2)

Demerits

  • Nothing paid during construction - starts after production

→Related schemes

Need help with Meghalaya interest subvention?

Eligibility check, DPR and application file — ask us on WhatsApp.

WhatsApp usServices

Our interestHelp is our paid service. You can also apply for the scheme yourself.

Sources

  1. MIIPP 2024 para 3.4.2

Checked on 18 October 2026. For information only — confirm with the department or bank. Spotted a mistake? Report it.