Prime Small Enterprise Empowerment and Development(SEED) Scheme
State: Meghalaya
Ministry: null
Department: Planning Department
Category: Business & Entrepreneurship
Beneficiary Type: Individual

Under the scheme provides financial support for setting up or expanding small business ventures. It primarily targets the unorganized sector and underserved business activities that contribute significantly to the local economy but have historically lacked institutional support.

Benefits:
1. 50% of total project cost supported as upfront subsidy by Government of Meghalaya (₹50,000 max)
1. 5% of total project cost to be contributed by entrepreneur as own share
1. Remaining 45% of project cost eligible for bank loan
1. Loan tenure of 2 years with a 3-month moratorium period before EMI begins
1. Financial support strictly for asset creation (machinery, equipment), operational or working capital expenses not allowed
1. Opportunity to access scheme through single online portal under CM-ELEVATE initiative
1. Cash Credit loan option available for eligible beneficiaries
1. Support to entrepreneurs from unorganized and underserved sectors with emphasis on creating local employment

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Eligibility:
**For Individuals:**

1. The applicant must be between 18 and 58 years of age.
1. The applicant must be a permanent resident of Meghalaya.
1. The applicant must provide proof of relevant experience in the field related to the proposed project.
1. The applicant must substantiate experience through past projects, portfolios, certifications, or testimonials from the village headman.
1. The applicant shall not be a credit defaulter with any bank or financial institution.
1. The applicant without demonstrated relevant experience will not be considered.

**For Unregistered Entities:**

1. The unregistered entity must be based in Meghalaya.
1. The unregistered entity may include village organizations, self-help groups, traditional communities, or similar groups.
1. The unregistered entity must provide proof of relevant experience in the field related to the proposed project.
1. The unregistered entity must substantiate experience through past projects, portfolios, certifications, or testimonials from the village headman.
1. The unregistered entity shall not be a credit defaulter with any bank or financial institution.
1. The unregistered entity without demonstrated relevant experience will not be considered.

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Application Process:
[Online]
Citizen Registration for Member ID
Step 1: Visit the official website of the scheme and click on the “Login to Apply” button to start the application process. Carefully read all the instructions provided on the website before proceeding.
Step 2: If you are a first-time user, click on “Registration for New User” and complete the registration process to create your account.
Step 3: Select your Authentication ID from the available options, such as
PDS (Ration Card) 
Election Photo ID Card (EPIC).
Step 4: Enter your card number, select your name from the displayed list, and click on “Next” to continue.
Step 5: Your EPIC ID will appear on the screen. If the details are correct, click on “Accept.” If the details are incorrect or rejected, manually enter your EPIC number and proceed.
Step 6: Click on “Validate” to verify the entered EPIC number, and then click on “Next” to move to the application form.
Step 7: Fill in all required details in the application form, upload the necessary documents, carefully review all the information, and click on “Submit.” After successful submission, you will receive a unique application number for future reference.
Sign In 
Step 1: Click on “Sign In” and choose your preferred sign-in method from Mobile Number, PDS, EPIC, or Member ID.
Step 2: Enter your User ID and Password, then click on “Login” to access your account.
Step 3: After logging in, click on “Apply for Services/Scheme” to start your application.
Step 4: Fill in all the required details in the application form, upload the necessary documents, carefully review the information, and click on “Submit.”

Documents Required:
Individuals
Latest Bank Statement (Last 6 months)
Proof of Identity of Applicant (Voter ID / Passport / Driving License)
Self Declaration
Certification or testimonial from Village Headman or experience proof for existing operators (registration, photos, testimonials, etc.)
PAN Card
Ration Card of Applicant
Quotation for equipment to be purchased (must include vendor GST number)
Unregistered Entities
Proof of Identity of Applicant (Voter ID / Passport / Driving License) - President & Secretary
Latest Bank Statement (Last 6 months)
Self Declaration
Certification or testimonial from Village Headman or experience proof for existing operators (registration, photos, testimonials, etc.)
PAN Card
Ration Card of Applicant
Quotation for equipment to be purchased (must include vendor GST number)