This scheme by the Meghalaya government aims to build modern sports and wellness facilities across the state, Read More... promoting health and fitness for everyone. Read less
Details
The Government of Meghalaya, through its Planning Department, has launched the Sports and Wellness Centre Scheme to boost local health and fitness. It’s designed to help both individuals and registered companies set up state-of-the-art sports and wellness facilities. The main idea is to make physical activity and healthy living more accessible to people across Meghalaya.
The Sports and Wellness Centre Scheme is an initiative by the Meghalaya government to encourage the establishment of modern sports and wellness infrastructure. It aims to promote physical fitness, mental well-being, and a healthier lifestyle among residents by supporting the creation of facilities like gyms, swimming pools, and sports grounds.
This scheme is open to individuals and registered entities in Meghalaya. Whether you are an individual entrepreneur or part of a private limited company, LLP, or sole proprietorship, you can apply if you meet the laid-out criteria and are committed to developing sports and wellness facilities.
By supporting the creation of sports and wellness centres, the scheme plays a crucial role in improving the overall health of Meghalaya’s population. It provides opportunities for people to engage in physical activities, thereby contributing to better public health outcomes and a more active community.
Objective
Benefits
Sources and references
For Individuals:
For Registered Entities (Firms/Companies):
For submitting applications and downloading forms, please refer to the official links provided under the 'Documents Required' section.
For Individuals:
For Registered Entities:
For the latest updates and official documents, please visit the Government of Meghalaya's official website or the Planning Department portal.
Who is eligible to apply for this scheme?
The scheme is open to both individual residents of Meghalaya and registered entities like Private Limited companies, LLPs, and Sole Proprietorships operating in Meghalaya. There are specific age and experience criteria for individuals, and registration and training requirements for entities.
What kind of financial support does the scheme offer?
You can get an upfront subsidy of up to 25% of your project cost (max ₹37.5 lakh, or ₹75 lakh for top entrepreneurs) and backend support up to 10% (max ₹12.5 lakh, or ₹25 lakh for top entrepreneurs). The rest can be covered by a bank loan.
How long do I have to start repaying the loan?
You get a significant 18-month period as a moratorium before you need to start repaying your Equated Monthly Installments (EMIs). The total loan tenure can be up to 15 years.
What is the main goal of the Meghalaya Sports & Wellness Centre Scheme?
The scheme’s main goal is to encourage the creation of modern sports and wellness facilities in Meghalaya, aiming to improve the health and well-being of the local population through increased access to fitness and sports activities.
Is having land a mandatory requirement to apply?
Yes, you must either own the land or have a lease for it where you plan to build the facility. This needs to be officially verified by the competent authority.
What types of infrastructure can be set up under this scheme?
The scheme supports setting up various sports and wellness infrastructures, including gyms, swimming pools, football grounds, and other similar facilities aimed at promoting physical fitness and health.
Is there a minimum contribution required from the applicant?
Yes, entrepreneurs are required to contribute at least 5% of the total project cost from their own funds.
Can NGOs or social groups apply for this scheme?
Based on the current information, NGOs, Self-Help Groups (SHGs), and societies may not be eligible to apply for this scheme due to their organizational structure.
What is the age limit for individual applicants?
Individual applicants must be between 18 and 58 years of age to be considered for the scheme.
What additional support is provided besides financial aid?
Besides financial assistance, the scheme also offers mentoring and acceleration coaching support through PRIME Meghalaya to help entrepreneurs succeed.