Scale-up Innovation Loan (via PRIME Meghalaya)
Offered by PRIME Meghalaya
Overview
The Scale-up Innovation Loan is a scheme offered by PRIME (Promotion and Incubation of Market-driven Entrepreneurship), a Government of Meghalaya initiative, to help growth-stage startups in the state expand their operations. It provides a zero-interest loan of up to 75 lakh rupees to companies that already have revenue and demonstrated market traction, administered through PRIME's district hub network.
Eligibility
- Must be a startup with existing revenue and demonstrated traction, not a pre-revenue or idea-stage venture
- Based in or operating out of Meghalaya, applying through the PRIME portal and district hub structure
Funding Purpose
The loan is meant to let revenue-generating companies expand their operations, refine their business approach, and broaden their market presence, without the burden of interest costs.
Application Process
Applicants register on the PRIME portal, then visit their nearest district hub for assessment, and finally submit a business plan for evaluation before the loan is approved.
How to Apply
- 1Click "Apply Now" above and submit your application directly on the official page.
- 2The offering organisation screens applications against its own eligibility criteria.
- 3Shortlisted applicants may be invited to a pitch or interview round.
- 4The final decision rests solely with the offering organisation.
- 5There is no guarantee of funding at any stage.
Before You Apply
- ZeedFund is an independent tracker, not the offering organisation or a funding body.
- Verify current eligibility, funding amount, and deadline on the official page before applying. Details can change after we last verified them.
- Once you apply, all follow-up (screening updates, interview or pitch invites, and the final decision) comes directly from the facilitator, incubator, or investor, never from ZeedFund. Check their application portal or email yourself for status updates; we won't have visibility into it.