Who Can Apply?

The CMEGP is designed to support a broad range of entrepreneurs looking to start or expand their micro or small enterprises. Whether you’re in a rural area or an urban center, the program encourages participation from a diverse set of applicants:

• New MSMEs in both manufacturing and service sectors.

• Women entrepreneurs aiming to start or expand their business.

• Rural and urban entrepreneurs looking to contribute to local economic development.

• First-generation entrepreneurs who are ready to take the plunge into business ownership.

Eligibility Criteria

To qualify for the CMEGP, you need to meet the following basic criteria:

• Udyam Registration: Your business should be registered as an MSME under the Udyam Registration system.

• Location: The business must be based in Maharashtra.

• Business Plan: You need to present a feasible business plan detailing the cost and expected growth of your project.

• Credit Assessment: While collateral requirements are minimal, the bank or financial institution will evaluate your creditworthiness and repayment capacity.

The scheme specifically prioritizes women entrepreneurs and rural ventures, giving them a greater chance of receiving financial assistance.

How to Apply

1. Prepare Your Application:
   Get your business plan ready, including detailed projections and cost breakdowns. The plan should demonstrate the feasibility and potential growth of your business.

2. Submit Your Application:
   Applications can be submitted through participating banks or financial institutions. You’ll need to follow the guidelines on the official portal for the application process.

3. Required Documents:

   • Udyam Registration Certificate

   • Identity and Address Proof of the applicant

   • Financial Projections and Project Cost Breakdown

   • Bank Statements (if available)

4. Approval Process:
   Your application will be evaluated by the bank, and upon approval, you’ll receive the loan assistance and subsidies to kickstart your venture.

Why Choose CMEGP?

• Financial Accessibility:
  CMEGP provides crucial financial support in the form of subsidies and loans, ensuring that you can establish or expand your business with minimal financial strain.

• Job Creation:
  By enabling the growth of new businesses, CMEGP focuses on job creation, benefiting both you and your local community.

• Inclusive Development:
  The scheme’s special focus on women and rural entrepreneurs ensures that opportunities for business growth are equally available across Maharashtra, regardless of gender or location.

• Sustainable Growth:
  With long-term support for both urban and rural enterprises, CMEGP helps build a more sustainable and resilient economy across the state.

• Easy Access to Financing:
  The low collateral requirements and flexible repayment terms make CMEGP a practical and accessible financing solution for entrepreneurs at all stages of their journey.