Maharashtra Ignition Grant (MIG)

Last checked 11 Oct 2026 against the official scheme page. Terms and dates can change, so confirm on the official site before you apply.

Loan assistance of INR 5 lakh to INR 10 lakh; INR 500 crore corpus over 5 years

Funding available

Policy scheme to screen youth entrepreneurs through institutions and give selected ones technical support, mentoring and loan assistance, backed by a INR 500 crore corpus.

Eligibility Criteria

Youth entrepreneurs and innovators selected through a three-stage process via institutes, polytechnics and ITIs (25,000 final selections targeted).

What You Get

Loan assistance with financial institutions
Mentoring and incubation support

Similar Schemes

TDB

Technology Development Board Core Funding

Amounts and cost-share not confirmed on the pages read

Stand-Up India

Composite loan Rs 10 lakh to Rs 1 crore

VCF-SC

Venture Capital Fund for Scheduled Castes

Loans Rs 10 lakh to Rs 15 crore at 4% coupon

Apply on the official government portal

Apply Now

Quick Facts

Governing Body: Maharashtra State Innovation Society (MSInS), Department of Skills, Employment, Entrepreneurship and Innovation, Government of Maharashtra
Ministry / Dept: State
Level: Maharashtra
Status: Check official site

Startup Stage

IdeationValidation