Schemes and Initiatives by Maharashtra Government
Chief Minister Employment Generation Programme (CMEGP)
Credit-Linked Support for New Micro & Small Enterprises
Overview:
Launched by the Maharashtra Industries Department, CMEGP encourages self-employment by supporting new micro and small enterprises in manufacturing and service sectors. The scheme provides financial assistance to cover part of the project cost, helping entrepreneurs set up units with less financial burden.
Key Benefits:
Margin money subsidy up to 35% for eligible candidates
Loan assistance up to ₹50 lakh for manufacturing and ₹10 lakh for service sectors
Focus on both rural and urban enterprises
Encourages employment generation and entrepreneurship
Who Can Apply:
Individuals, new MSME units, women entrepreneurs, and rural/urban ventures in Maharashtra
Maha MSME Project Loan Scheme
Financial Assistance for MSME Establishment & Expansion
Overview:
This scheme provides term loans to MSMEs in Maharashtra to establish new projects or expand existing units. It focuses on improving access to finance with flexible repayment terms, collateral-free loans (up to limits), and attractive interest rates through state banks.
Key Benefits:
Term loans for project setup and expansion
Collateral-free loans under certain conditions
Long repayment tenure, easing cash-flow pressure
Support for both manufacturing and service enterprises
Who Can Apply:
New and existing MSMEs, entrepreneurs planning to expand, women-owned businesses, and startups in Maharashtra
Maha MSME Machinery & Equipment Scheme
Support for Technology Upgrade & Machinery Purchase
Overview:
Designed to modernize MSMEs, this scheme helps businesses purchase new machinery or upgrade existing equipment. The goal is to enhance productivity, product quality, and competitiveness across Maharashtra’s MSME ecosystem.
Key Benefits:
Financial support for machinery/equipment purchases
Collateral-free loans up to ₹1 crore for eligible applicants
Encourages adoption of advanced technology
Improves productivity and quality standards
Who Can Apply:
Registered MSMEs, small industries, startups, and women entrepreneurs looking to upgrade machinery
MSME Champions Scheme (Maharashtra)
Scaling High-Potential MSMEs
Overview:
The MSME Champions Scheme supports promising enterprises in Maharashtra to scale operations, adopt innovation, and implement sustainable practices. The state provides both financial and technical assistance to high-potential MSMEs.
Key Benefits:
Grants and soft loans for business expansion
Assistance for process improvement and innovation
Encourages adoption of sustainability and technology
Focus on high-growth enterprises
Who Can Apply:
Existing MSMEs in Maharashtra with strong growth potential, startups ready to scale, and women-led enterprises
Maharashtra State Industrial Cluster Development Programme (MSI-CDP)
Industrial Cluster Development & Infrastructure Support
Overview:
MSI-CDP focuses on the development of industrial clusters in Maharashtra. The scheme provides shared infrastructure, common facilities, and financial support to strengthen competitiveness and collaboration among MSMEs.
Key Benefits:
Funding for common facilities like testing labs, training centers, and marketplaces
Cluster-level development to boost productivity
Enhances competitiveness of MSMEs in industrial zones
Encourages collaboration and shared growth
Who Can Apply:
MSMEs located in industrial clusters, entrepreneurs seeking shared facilities, and startup associations
Subsidy & Incentive Scheme (Under Maharashtra Industrial Policy)
Financial Incentives for MSME Growth
Overview:
Under the Maharashtra Industrial Policy, this scheme provides fiscal incentives and subsidies to MSMEs to reduce operational costs and promote regional development. It covers power tariff subsidies, interest incentives, stamp duty exemptions, and more.
Key Benefits:
Stamp duty, power tariff, and mandi fee exemptions
Interest subsidies for loans to MSMEs
Incentives for women, SC/ST, and rural entrepreneurs
Encourages investment in industrial growth
Who Can Apply:
Registered MSMEs, startups, women & SC/ST entrepreneurs, and enterprises in Maharashtra industrial zones
Relevant Links:
- List of Schemes and Policies PDF