Subsidies & Incentives · Kolte Enterprises← Back to Ledger Logic
Subsidies · Maharashtra · New Enterprises
The Chief Minister’s Employment Generation Programme is Maharashtra’s own counterpart to PMEGP — a margin-money subsidy of 15% to 35% on bank-financed new enterprises, run through the District Industries Centres and KVIB on the maha-cmegp portal.
It is aimed squarely at first-generation entrepreneurs aged 18–45 who are long-term Maharashtra residents — and it cannot be stacked on top of PMEGP for the same unit, so choosing between the two is a real decision.
What you get
Urban general 15% · rural general 25% · urban special 25% · rural special 35% — “special” covering women, SC/ST and other notified categories. The percentage applies to the project cost and lands as margin money against your bank loan.
15 / 25 / 25 / 35General applicants bring 10% of project cost, special categories 5%. The bank finances the balance as a composite term loan — the subsidy replaces most of the margin a banker would otherwise demand from a first-timer.
bank funds the restIndividual applicants only — new units, no earlier subsidy under a similar scheme, one person per family, 15 years’ Maharashtra domicile, and education thresholds that scale with project size (7th pass above ₹10 lakh, 10th pass above ₹25 lakh).
one per familyManufacturing and agro-based production units up to ₹50 lakh project cost; service enterprises up to ₹10 lakh. Working capital rides inside the composite loan — the ceilings are on the whole project, not just machinery.
project-cost ceilingsMargin money sits in a term deposit in the bank’s books and is adjusted against your loan only after three years of the unit actually operating — close early or divert the assets and it is recovered, with the bank watching.
run the unitRun your numbers
Subsidy parked as a term deposit and adjusted after the 3-year lock-in. One margin-money scheme per unit — CMEGP or PMEGP, not both.
Applicability
| Test | Position | Detail |
|---|---|---|
| Individual, 18–45 | YES | Individuals only — with age relaxation for special categories as notified. Partnerships and companies are outside CMEGP. |
| Maharashtra domicile | 15 YEARS | Long-term residence in the state is a hard filter — domicile certificate goes in the file. |
| Education by project size | CONDITIONS | 7th standard pass for projects above ₹10 lakh; 10th standard pass above ₹25 lakh. |
| New unit | REQUIRED | Existing units, and anyone who has already taken a subsidy under a similar government scheme, are out. One person per family. |
| Manufacturing / agro / service activity | YES | Production and service enterprises within the ceilings; activities on the negative list (as notified) excluded. |
| Same unit also under PMEGP | NO | One margin-money subsidy per unit. Run the comparison first — service ceilings differ (₹10L here vs ₹20L under PMEGP). |
Requirements
| Document / condition | What is expected |
|---|---|
| Portal application | Online file on the maha-cmegp portal routed to DIC (urban) or KVIB (rural) — with a passport photo, Aadhaar and PAN. |
| Domicile & age proof | Domicile certificate (15 years), birth/school record; caste certificate where a special category is claimed. |
| Education certificate | 7th / 10th standard marksheet as the project size requires. |
| Project report | Costing, machinery quotations, premises proof (own/rent), working-capital cycle — scrutinised by the district task force before it ever reaches the bank. |
| Bank appraisal | Sanction of the composite term loan by a scheduled bank — the subsidy follows the sanction, never precedes it. |
| EDP training | Entrepreneurship development training before margin money release, as directed with the sanction. |
The route
Asked often
Same subsidy matrix, different ceilings and gatekeepers. Services above ₹10 lakh push you to PMEGP (its service cap is ₹20 lakh); a 46-year-old is out of CMEGP but fine under PMEGP; domicile matters only for CMEGP. We run both files on paper and pick the one that clears faster for your profile.
No income ceiling — the filters are age, domicile, education by project size, new-unit status and one-per-family.
Scheme appraisal expects new machinery backed by quotations; second-hand assets are routinely disallowed from project cost. Price the project accordingly.
The margin money is recovered — it never left the bank’s books. The loan itself remains payable; this is the risk to plan for honestly before signing.
Portal to disbursement is typically a few months, with the bank appraisal the slowest leg. A complete file — quotations, premises proof, viability — is the only lever you control; incomplete files circle for a year.
To DIC Jalgaon (or KVIB if the unit is rural), via the maha-cmegp portal. The district task force there scores the project before it reaches your bank — which is why the project report needs to be built for that scrutiny, not just for the branch.
Where we work
CMEGP files route through the District Industries Centre of your district — DIC Jalgaon for Bhusawal and the rest of the district, DIC Thane for Kalyan and Dombivli, and the Pune and Mumbai DICs for their regions — with KVIB handling rural files. The rate you get also turns on geography: rural locations around Jalgaon district start at 25%, urban Pune or Mumbai at 15%.
We prepare the CMEGP project report, run the CMEGP-vs-PMEGP comparison for your profile, and walk the file through the district task force and the bank.
Talk to Ledger LogicSubsidy matrix, ceilings and category definitions are per the CMEGP government resolution and portal guidelines in force. This guide is published by Ledger Logic, the accounting & compliance arm of Kolte Enterprises, as general information — scheme parameters change with notifications and fund availability, and figures marked * should be verified against the current guidelines before any commitment. It is not advice on a specific project.