Startup Manipur - Revenue Stage Financial Assistance (Grant & Loan) — Frequently Asked Questions
Answers to the questions founders most often ask about Startup Manipur - Revenue Stage Financial Assistance (Grant & Loan) — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding does Startup Manipur provide?
The program supports up to ₹1 crore project cost, with a 30% subsidy (maximum ₹30 lakh) from the State, a 65% bank loan, and a 5% margin money contribution from you.
Is the grant free money or do I have to repay it?
The 30% subsidy (grant) does not need to be repaid. The 65% loan component must be repaid to the bank as per the loan terms.
What is the application deadline?
The deadline is not specified in the program details. It is recommended to check the official portal regularly for updates.
Who is eligible to apply?
You must be a Manipur domicile, at least 18 years old, running a profitable business. Your business should be a Private Limited, LLP, or Partnership firm, between 3 and 10 years old, with annual turnover under ₹100 crores. You must not have received more than ₹10 lakh from other government schemes.
Does the program take equity in my company?
No. The assistance is in the form of a grant (subsidy) and a loan, so you do not give up any equity.
Do I need DPIIT or MSME registration?
The provided facts do not require DPIIT or MSME registration. However, you need AADHAAR, PAN, and a valid business registration certificate.
What documents are required to apply?
You need AADHAAR, PAN cards (your own and business), business registration certificate, audited financial statements (balance sheet, P&L, ITR) for the last financial year, founder details, business details, and a business pitch.
How do I apply?
Applications are submitted online through the Startup Manipur portal at https://apply.startupmanipur.in/frontend/web/index.php.
Who offers Startup Manipur - Revenue Stage Financial Assistance (Grant & Loan)?
Startup Manipur - Revenue Stage Financial Assistance (Grant & Loan) is offered by Government of Manipur, a government body. It is provided as non-dilutive funding.
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