Chief Minister’s Entrepreneurship Development Programme (CMEDP) Edition III
| Type of Loan | Special Loan |
| Scheme Name | Chief Minister’s Entrepreneurship Development Programme (CMEDP) Edition III |
| Purpose | To provide financial assistance in the form of a Term Loan, Working Capital Term Loan, or a combination of both, based on the enterprise’s requirements. |
| Rate of Interest | Starts from 6%*1 |
| Eligibility Criteria | • MSMEs (existing or new entities) with an MSME-Udyam Registration. • The Chief Promoter must be 60 years of age or below on the date of applying online. • The Know Your Customer (KYC) details of all promoters must be satisfactory. • Promoters must have a CIBIL Credit Vision Score of 650 or above. |
| Upper Loan Limit | Up to Rs 5 crore. (Note: For larger projects requiring more than Rs 5 crore, promoters can avail up to Rs 5 crore with an interest subsidy under CMEDP, and the remaining balance will be treated as a second loan at the normal interest rate of 11%). |
| Internal Credit Rating | Minimum 40% rating required. |
| Promoter’s Contribution | Minimum 10%. |
| Moratorium Period | Up to 1 year. |
| Repayment Period | Maximum 5 years (including the moratorium period). For loans exceeding Rs 5 crore, a separate loan number is generated for the CMEDP portion, and the eligible subsidy is calculated based on a 1+4 year repayment structure. |
- Conditions Applied ↩︎