Agro Tourism Villa Scheme

DETAILS The Agro Tourism Villa Scheme is a component of the Chief Minister's Elevate Program launched under the Tourism Department of the Government of Meghalaya. The program aims to employ, engage, and empower the youth of Meghalaya by promoting entrepreneurship and providing easy access to credit through the onboarding of various banks as financial partners. To meet the rising demand and promote high-value tourism, the Meghalaya government is investing in luxury tourist facilities and infrastructure. However, there is a need to further enhance accommodation facilities to meet the expectations of high-value tourists while preserving the state's heritage. BENEFITS 35% of total project cost supported (5% by entrepreneur, 25% as front-ended subsidy, 10% as EMI copayment by Government of Meghalayasemi_colon max project cost ₹1.5 Cr, max subsidy ₹52.5 lakh). Loan up to 95% of project cost with a 15-year repayment term and 18-month moratorium Government-funded villa design consultancy blending ethnic aesthetics with modern comfort, tailored to location. Priority allocation in scenic rural/agricultural/tourist clusters to boost visibility and occupancy. Training in hospitality and bookkeeping with reputed institutes/hotels in Meghalaya. Regular, monitoring, and need-based training during the initial years, with a dedicated app/dashboard for progress tracking. ELIGIBILITY Individuals should: The applicant should be a resident of Meghalaya. The applicant must be between 18 and 58 years of age. The applicant should not be a defaulter at any financial institution. The applicant should apply only for new projects sanctioned under the scheme. The applicant should own the land for the project and possess valid land documents, or the applicant should have a notarized lease agreement for a minimum period of 15 years. Registered Entities should: The entity should be a registered society, cooperative, or similar organization involved in tourism-related activities. The entity should be legally registered with the Government of Meghalaya. The entity should provide an Incorporation Certificate or Registration Certificate, whichever is applicable. The entity should not be a defaulter at any financial institution. The entity should hold land ownership for the project site or have a valid lease certified by competent authorities.   Exclusions Individuals Applications shall not be ordinarily considered for: A. Pressure groups and organizations primarily political in nature B. More than one member from a single family C. Following individuals and their immediate family members (spouse, parents, children up to age 30): i. State and Central Government employees ii. Employees of public sector undertakings, their subsidiaries, or divisions iii. Politically affiliated individuals (MLAs, MLCs, MPs, etc.) or those seeking public office iv. Registered class-1 contractors v. Consultants currently engaged with State or Central Government Registered Entities Applications shall not be ordinarily considered for: A. Pressure groups and organizations primarily political in nature B. Entities led by or involving: i. State and Central Government employees ii. Employees of public sector undertakings, subsidiaries, or divisions iii. Politically affiliated individuals (MLAs, MLCs, MPs, etc.) iv. Registered class-1 contractors v. Consultants currently engaged with State or Central Government