Maharashtra Subsidized Interest Loan — ₹5L–₹10L at 3% Interest

The Maharashtra Subsidized Interest Loan is a debt scheme from the Directorate of Industries, Government of Maharashtra. It makes institutional credit cheaper for aspiring entrepreneurs in the state by subsidising the interest charged on a business loan.

The scheme operates under the Maharashtra Startup, Entrepreneurship and Innovation Policy 2025 and is built for founders who struggle to raise affordable capital through ordinary banking channels. Borrowing under it runs from ₹5 lakh to ₹10 lakh, with the state absorbing part of the interest cost so that early-stage startups and individual entrepreneurs can get off the ground without an expensive loan weighing them down.

The money can be put towards setting up a new venture, running day-to-day operations, or expanding an existing business within Maharashtra. The scheme also carries a regulatory support element, which helps entrepreneurs work through the compliance side of starting and operating a business in the state.

Applications stay open through the year — there is no fixed application window to wait for.

• Loans of ₹5 lakh to ₹10 lakh for entrepreneurs in Maharashtra
• 3% interest rate subsidy lowers the cost of borrowing
• Introduced under the Maharashtra Startup, Entrepreneurship and Innovation Policy 2025
• Rolling applications — no fixed deadline
• Run by the Directorate of Industries, Government of Maharashtra
• Usable for business setup, operations or expansion within the state

Eligibility here is deliberately wide, because the scheme is aimed at aspiring entrepreneurs rather than at one narrow sector or funding stage.

• You need to be an aspiring entrepreneur based in Maharashtra.
• The business you intend to start, run or expand should be within the state.
• The scheme details do not list industry restrictions, so a broad range of business ideas can be considered.
• Early-stage startups and individual entrepreneurs are the group this scheme is particularly designed to help.
• No DPIIT recognition or MSME registration requirement is mentioned in the published scheme details.

Since the loan itself is extended by a financial institution, your application will also have to clear that lender's own appraisal of eligibility and project viability.

Maharashtra Subsidized Interest Loan — ₹5L–₹10L at 3% Interest is open to startups at any stage. It is open to startups registered anywhere in India.

Maharashtra Subsidized Interest Loan — ₹5L–₹10L at 3% Interest accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.

The core benefit is a business loan of ₹5 lakh to ₹10 lakh from a financial institution, on which the Government of Maharashtra provides a 3% interest rate subsidy.

• Loan size: between ₹5 lakh and ₹10 lakh.
• Interest support: a 3% subsidy that pulls down the effective cost of borrowing for the entrepreneur.
• Permitted use: business setup, operations, or expansion within Maharashtra.
• Regulatory support: assistance around the formal requirements of starting and running the venture.

The subsidy exists to make financial resources more reachable for new ventures, which in turn supports innovation and job creation in the state. Because this is a loan and not a grant, the principal has to be repaid, but the government does not take any ownership stake in your business in return for the interest support.

Maharashtra Subsidized Interest Loan — ₹5L–₹10L at 3% Interest is offered by Directorate of Industries, Government of Maharashtra, a government body. As a government-backed debt / loan, it is publicly funded and open to eligible startups across India.

There is no competitive pitch round here. Applications go through a lender-led appraisal instead.

• The application, along with the required documentation, is submitted to the identified authority or participating financial institution.
• A review is carried out to assess whether the applicant is eligible and whether the proposed project is viable.
• If the application clears that review, the loan is sanctioned.
• Disbursement of the sanctioned amount follows the sanction.

The exact procedures and the list of participating banks or financial intermediaries are set out in the official policy document, which applicants are advised to consult before applying.

Before you apply to Maharashtra Subsidized Interest Loan — ₹5L–₹10L at 3% Interest, keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

Maharashtra Subsidized Interest Loan — ₹5L–₹10L at 3% Interest is best suited for startups in India seeking non-dilutive funding of ₹5L – ₹10L. If that describes your startup, review the eligibility criteria above before applying.