IPASLMUMTP

Investment Promotion Assistance To Setup Large/Mega/Ultra-Mega Tourism Projects

Investment Promotion Assistance offers financial support of up to 30% of capital investment for Large, Mega, and Ultra-mega tourism projects in Madhya Pradesh, with maximum ceilings of ₹15 crore, ₹30 crore, and ₹90 crore respectively. Eligible private entities must meet specific investment thresholds and generate employment for local residents, ensuring significant job creation in the state.

राज्य नकद

राज्य / केंद्र शासित प्रदेश: मध्य प्रदेश

नोडल विभाग: Tourism Department

योजना किसके लिए: Individual

योजना प्रोफ़ाइल

डीबीटी (प्रत्यक्ष लाभ अंतरण): नहीं

श्रेणियाँ: यात्रा और पर्यटन, व्यवसाय और उद्यमिता

लक्षित लाभार्थी: Business Entity

टैग: Subsidy, Capital, Investment, Tourism, Infrastructure

विवरण

The scheme "Investment Promotion Assistance to Setup Large/Mega/Ultra-Mega Tourism Projects" was launched by the Tourism Department, Government of Madhya Pradesh. The scheme aims to encourage the establishment of substantial tourism infrastructure by providing financial incentives based on capital investment and employment generation. The scheme provides investment promotion assistance ranging from 30% of the capital investment up to a maximum ceiling of ₹90,00,00,000/- depending on the project category (Large, Mega, or Ultra-mega). The applicant must be a private investor or legal entity willing to invest a minimum of ₹10,00,00,000/- and ensure specific employment numbers for residents of Madhya Pradesh. The scheme is implemented by the Madhya Pradesh Tourism Board. The applications for this scheme are accepted online through the Madhya Pradesh Government's Invest Portal.

लाभ

  • Large Projects The beneficiary will receive Investment Promotion Assistance of 30% on capital investment, subject to a maximum ceiling of ₹15,00,00,000/-. Mega Projects The beneficiary will receive Investment Promotion Assistance of 30% on capital investment, subject to a maximum ceiling of ₹30,00,00,000/-. Ultra-mega Projects The beneficiary will receive Investment Promotion Assistance of 30% on capital investment, subject to a maximum ceiling of ₹90,00,00,000/-. Disbursement Schedule The assistance is disbursed over four years in the following percentage of the total approved assistance amount:
  • First Year: 10%
  • Second Year: 10%
  • Third Year: 5%
  • Fourth Year: 5%. Heritage Projects For Heritage Hotels, the mandatory requirements for investment and employment are reduced to 50% of the limits set for Large, Mega, and Ultra-mega categories, while they remain eligible for the benefits associated with those categories. SC/ST Entrepreneurs Applicants belonging to SC/ST categories with 100% ownership are entitled to an additional 5% capital investment subsidy. Phase-wise Incentives Projects are entitled to get phase-wise incentives provided the first phase is completed in 2 years, the second phase in 3 years, and the last phase in 5 years. Conditions
  • The unit claiming Investment Promotion Assistance shall not be entitled to capital subsidy under any other category of the policy
  • The beneficiary must maintain the minimum employment of residents of M.P. as prescribed for their category
  • The beneficiary must complete the project phases within the approved implementation timeline to receive phase-wise grants
  • If the unit executes the entire project in one go, capital expenditure incurred up to a maximum of 05 years prior to the commencement of the unit is considered valid for the grant calculation
Large Projects

The beneficiary will receive Investment Promotion Assistance of 30% on capital investment, subject to a maximum ceiling of ₹15,00,00,000/-.

Mega Projects

The beneficiary will receive Investment Promotion Assistance of 30% on capital investment, subject to a maximum ceiling of ₹30,00,00,000/-.

Ultra-mega Projects

The beneficiary will receive Investment Promotion Assistance of 30% on capital investment, subject to a maximum ceiling of ₹90,00,00,000/-.

Disbursement Schedule

The assistance is disbursed over four years in the following percentage of the total approved assistance amount:

  • First Year: 10%.
  • Second Year: 10%.
  • Third Year: 5%.
  • Fourth Year: 5%.
Heritage Projects

For Heritage Hotels, the mandatory requirements for investment and employment are reduced to 50% of the limits set for Large, Mega, and Ultra-mega categories, while they remain eligible for the benefits associated with those categories.

SC/ST Entrepreneurs

Applicants belonging to SC/ST categories with 100% ownership are entitled to an additional 5% capital investment subsidy.

Phase-wise Incentives

Projects are entitled to get phase-wise incentives provided the first phase is completed in 2 years, the second phase in 3 years, and the last phase in 5 years.

Conditions
  • The unit claiming Investment Promotion Assistance shall not be entitled to capital subsidy under any other category of the policy.
  • The beneficiary must maintain the minimum employment of residents of M.P. as prescribed for their category.
  • The beneficiary must complete the project phases within the approved implementation timeline to receive phase-wise grants.
  • If the unit executes the entire project in one go, capital expenditure incurred up to a maximum of 05 years prior to the commencement of the unit is considered valid for the grant calculation.

पात्रता

  • The applicant must be a private entity, such as a public/private limited company, partnership firm, proprietary concern, or other legal entity.
  • The applicant must fulfill the criteria for one of the following categories to be eligible for assistance:
  • Large Project: The applicant must make a minimum capital expenditure of ₹10,00,00,000/- or more and generate employment for a minimum of 50 residents of M.P.- Mega Project: The applicant must make a minimum capital expenditure of ₹50,00,00,000/- or more and generate employment for a minimum of 100 residents of M.P.- Ultra-mega Project: The applicant must make a minimum capital expenditure of ₹100,00,00,000/- or more and generate employment for a minimum of 200 residents of M.P.- The applicant must ensure that the employment provided meets the condition of being for residents of Madhya Pradesh.
  • The applicant must not be claiming Capital Subsidy under any other clause of the Tourism Policy if applying for this Investment Promotion Assistance.
  • The applicant must execute the project within the stipulated timelines (2 years for phase 1, 3 years for phase 2, and 5 years for the final phase) to avail phase-wise incentives.
  • The applicant setting up Heritage Hotels must meet at least 50% of the minimum investment and employment conditions specified for the Large, Mega, or Ultra-mega categories.

अपवर्जन


आवेदन प्रक्रिया

Offline

Registration Process

Step 1: The applicant must visit the Madhya Pradesh Government's Invest Portal, and initiate the registration process as a "Vendor / Investor".
Step 2: The applicant must fill in the basic information section by selecting the appropriate "Type of Organisation" from the available options, which include Public Limited Company, Private Limited, LLP, Proprietorship Firm, Partnership Firm, Cooperative, Trust, FPO, and Individual. The applicant must enter the "Firm/Company Name" and the "Authorized Person Name" to establish the identity of the entity.
Step 3: The applicant must enter a valid email ID and mobile number. The Application Number, User ID, password, and all other important communications will be sent to this registered email ID.
Step 4: The applicant must complete the basic registration form submission. The system generates a User ID and password, which are shared directly with the applicant's registered mobile number.
Step 5: The authorized person logs in to the portal using the User ID and password received on the registered mobile number to process the company's activities. After the initial login, the applicant must update their profile to complete the full registration process before proceeding to apply for the scheme.

Application Process

Step 1: The applicant must apply for and secure mandatory permissions through the online single-window system within the stipulated time frames. Then, the applicant must do the following -

  • Complete the construction, ensuring the minimum capital expenditure is met.
  • Commence commercial operations and gather proof of operation.

Step 2: The applicant must submit the capital subsidy application online within one year from the date of commencement of operation. Upload all required documents, ensuring all files meet the specified format requirements (e.g., JPG for photos).
Step 3: The Tourism Department/Board verifies the application and documents and processes the subsidy claim.

स्पष्टीकरण

myScheme पर प्रकाशित योजना सूचना से अतिरिक्त बिंदु (कानूनी सलाह नहीं)।

Is there a strict deadline for submitting the subsidy application form after I have commenced the commercial operations of my unit?
You must submit your application within 1 year of the date of commencement of operation to be eligible for the claim. <br>
Are there any mandatory employment requirements regarding local residents that I must satisfy to be eligible for the capital subsidy?
Yes, to be eligible for the capital subsidy, it is mandatory to provide employment to 70% of the total staff to residents of Madhya Pradesh. <br>
Once I have received the subsidy, is there a mandatory minimum period during which I must keep my tourism unit operational?
You are required to run the unit for at least 3 years from the date of availing the subsidy and must submit a self-declaration regarding continuous operation annually. <br>
What are the financial consequences if I am unable to sustain the operation of my unit and have to close it within three years?
If the unit closes within 1, 2, or 3 years of receiving the subsidy, you must refund 80%, 60%, or 50% of the subsidy amount, respectively. <br>
If I decide to establish my tourism project in a distant or remote area, are there any additional financial incentives available?
Projects in such areas are eligible for an additional 5% Capital Investment Subsidy, and the minimum investment limit and room ceiling are reduced to 50%. <br>
If my tourism unit qualifies for grants under more than one category, can I claim benefits from all eligible categories simultaneously?
No, if a unit is entitled to a grant/subsidy in more than one category, you must choose only one category in which you wish to get the benefit. <br>
I already own an operational hotel and plan to expand it; am I eligible to receive a subsidy for this expansion under the guidelines?
Expansion projects are eligible for the subsidy provided there is a minimum 50% increase in the staying capacity of the existing establishment. <br>
As an entrepreneur belonging to the Scheduled Caste or Scheduled Tribe category, am I entitled to any extra fiscal benefits?
Yes, entrepreneurs from SC/ST categories with 100% ownership of the tourism project are entitled to an additional 5% capital investment subsidy. <br>
Is the subsidy amount calculated solely based on my investment, or is there an upper limit I should be aware of?
The subsidy is a percentage of your fixed capital investment, but it is strictly subject to a maximum ceiling amount specified for your project category. <br>
If I have incurred capital expenditure prior to the actual commencement of the unit, will that cost be considered for the grant?
Expenditure incurred up to a maximum of 05 years before commencement is considered valid if the project was executed and operated in one go. <br>
To prove the capital cost incurred on my project, whose certification is required to be submitted along with the subsidy application?
The total capital cost incurred must be certified by a certified Engineer/Valuer, and the total project cost must be certified by a Chartered Accountant. <br>
What specific documentation must I provide to officially prove the date of commercial operation of my tourism unit?
You must provide copies of the first lodging bill, catering bill, bill of service provided, or any other legally acceptable proof to prove the date of commercial operation. <br>
Does my project need to be established within a specific timeframe to qualify for the capital investment benefits mentioned?
Your project must be established and operationalized during the operative tenure of the policy to be entitled to the capital investment subsidy. <br>
How should I submit my application for land allocation or permissions to ensure it is processed correctly by the department?
All applications for land allocation, permissions, and subsidies should be submitted online through the State Government&#39;s Invest Portal or Single Window System. <br>

संदर्भ

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status