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Comprehensive seed funding, incubation & collateral-free scale-up grants for Meghalaya entrepreneurs
Seed Grant & Incubation
Kickstart & scale-up funding
At state-of-the-art PRIME Hubs
Tribal youth & indigenous sectors
MBDA / Planning Department
The PRIME (Promotion and Incubation of Market-driven Enterprises) Meghalaya initiative is the flagship entrepreneurship mission launched by the Government of Meghalaya to transform the state into a vibrant startup and enterprise hub.
Operated under the Meghalaya Basin Development Authority (MBDA) and the Planning Department, PRIME offers a comprehensive spectrum of financial and non-financial support to early-stage entrepreneurs, artisans, and tech innovators.
Incentives include non-dilutive Kickstart Seed Grants (up to ₹1 Lakh to ₹5 Lakh), Scale-up Financial Assistance (up to ₹25 Lakh via soft loans, matching grants, and interest subvention), and prestigious annual PRIME Entrepreneurship Awards.
Selected entrepreneurs gain full access to specialized PRIME Hubs across Shillong, Tura, and regional district centers, featuring high-speed digital co-working spaces, maker labs, business advisory clinics, and national market access channels.
Direct non-repayable grant capital of up to ₹5 Lakh for prototype testing, initial inventory, and working capital setup.
Free world-class co-working spaces, conference rooms, prototyping equipment, and digital infrastructure across districts.
Low-interest soft loans, credit guarantee linkages, and matching grants up to ₹25 Lakh for expanding enterprises.
One-on-one strategic coaching from seasoned entrepreneurs, financial advisors, and domain experts.
Special emphasis and packaging subsidies for Lakadong turmeric, honey, handicrafts, eco-tourism, and food processing.
Direct retail placement in state PRIME outlets, e-commerce onboarding, and sponsored participation in national trade fairs.
Entrepreneurs, innovators, self-help groups (SHGs), farmer producer organizations (FPOs), and startups based in Meghalaya.
The primary business operations, manufacturing unit, or service delivery base must be located within the State of Meghalaya.
Individual applicants must be permanent residents of Meghalaya aged 18 years or above.
Registered entities including Sole Proprietorships, Partnerships, LLPs, Private Limited Companies, and Cooperative Societies.
Sectors covered include Agriculture & Food Processing, Handloom & Handicrafts, Tourism & Hospitality, IT/Tech Services, Clean Energy, and Creative Arts.
Must demonstrate a market-driven business idea, potential for local employment generation, and commitment to the incubation process.
Non-dilutive seed funding of up to ₹5 Lakh to launch and validate your early-stage venture without equity loss.
Access to low-cost expansion capital and interest subvention subsidies up to ₹25 Lakh.
Zero infrastructure costs with 100% subsidized office desks, internet, and maker spaces at PRIME Hubs.
Packaging design, digital marketing, and barcode/FSSAI regulatory compliance assistance.
Buyer-seller meets, retail shelf space at PRIME Meghalaya stores, and global export exhibition access.
Official state government recognition and eligibility for the Chief Minister’s Entrepreneurship Awards.
Applicant Identification & Residence Proof (EPIC / Voter ID, Aadhaar Card, Meghalaya Residential Certificate).
Business Registration Documents (Udyam Registration, GST Certificate, Partnership Deed, or MCA Incorporation).
PRIME Online Application Form & Business Plan Summary (Product details, target market, financial forecast).
Bank Account Proof (Cancelled cheque or 6-month bank statement in the name of the enterprise/proprietor).
Project Cost Estimates / Quotations (For equipment purchase, raw materials, or technological setup).
Land / Office Possession Proof (Electricity bill, rental agreement, or land allotment certificate).
Trade License / FSSAI / Statutory Clearances (Wherever applicable according to sector).
Five stages, one record of every startup we've moved forward
Served
0+
Startups nationwide
Save up to 100%
on eligible startup taxes
Satisfaction score
0%
rated by founders we've worked with
Client outcomes
0%
of Technocrat clients reach the interview stage with investors
Certified
0+
Startups registered
Startup India
Certificate
Total disbursed
₹0+ Cr
disbursed to
0+
businesses, and counting
0+
Businesses granted a 3-year tax holiday
Funding
Guide 2025
Director · Shri Giriraj Dharan company
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