Meghalaya Agriculture Warehouse Scheme

About This Scheme

The Meghalaya Agriculture Warehouse Scheme, under the Chief Minister’s CM-ELEVATE Program by the Planning, Investment Promotion & Sustainable Development Department, Government of Meghalaya, focuses on enhancing agricultural infrastructure through the establishment of warehouses across the state. It aims to reduce post-harvest losses, stabilize market prices, and improve farmer incomes. The scheme offers easy credit access via partner banks and substantial government subsidies to ease entrepreneurs’ financial burden. Implemented by the Meghalaya Basin Management Agency (MBMA), it supports individuals and registered entities in creating weatherproof storage for agricultural produce, enabling value addition, market linkages, and long-term storage for the farming community.

Eligibility

For Individuals: 1. The applicant should be between 18 and 58 years of age. 1. The applicant should be a permanent resident of Meghalaya. 1. The applicant should have ownership of the land where the warehouse is proposed or leased land for at least the next 10 years. 1. The applicant should not be a credit defaulter of any bank. For Registered Entities: 1. The applicant should be based in the village where the program is being availed. 1. The applicant should have an active bank account and submit the bank statement of the last six months. 1. The applicant should have been in operation for at least two years. 1. The applicant should possess land, either self-owned or leased, duly verified by the competent authority. 1. The applicant should not be a credit defaulter of any bank.

Benefits

1. 5% of project cost to be contributed by the entrepreneur 75% of project cost provided upfront by Government of Meghalaya as margin money support to the bank remaining 20% via bank loan. 1. Direct credit linkage with partner banks. 1. Guidance and handholding in the application process through implementing agencies. 1. Support in project realization for the warehouse venture. 1. Training and capacity building for entrepreneurs to manage post-harvest storage effectively. 1. Technical support for maintenance and operations of warehouses.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.