Capital Investment Subsidy For Creation of Infrastructure Along With Installation of Equipment To Establish Film Studio, Film Making, Museum, Aquarium, Theme Park

• The beneficiary will receive a subsidy of 15% against the Fixed Capital Investment approved by the department.
• The maximum ceiling of the subsidy is ₹5,00,00,000/-.

##### *Conditions*

• _It is mandatory for the unit to operate for at least three years from the date of availing the subsidy._
• _The beneficiary must submit a self-declaration regarding the continuous operation of the unit on or before the 15th of April every year._
• _If the unit closes within 1 year of receiving the subsidy, 80% of the subsidy amount must be refunded._
• _If the unit closes within 2 years of receiving the subsidy, 60% of the subsidy amount must be refunded._
• _If the unit closes within 3 years of receiving the subsidy, 50% of the subsidy amount must be refunded._
• _Any unit claiming Investment Promotion Assistance is not entitled to capital subsidy under this policy._

<br>

• The applicant must establish a new project in one of the following categories: Film Studio, Film Making, Museum, Aquarium, or Theme Park.
• The applicant must incur a minimum capital expenditure of ₹1,00,00,000/- as approved by the department.
• The applicant must ensure the project falls within the definition of &quot;Tourism Projects&quot; as determined by the Tourism Department.
• The applicant must be a legal entity such as a Public/Private Limited Company, Partnership Firm, Proprietary Concern, or other registered legal entity.
• The applicant must submit the application for the capital subsidy within one year from the date of commencement of operation.
• The applicant must maintain the investment made prior to 3 years from the date of commencement of operation for calculating the capital subsidy.
• The applicant must not have claimed capital subsidy/investment promotion assistance for the same project from any other category under the policy.

<br>

##### *Registration Process*

Step 1: The applicant must visit the Madhya Pradesh Government&#39;s Invest Portal, and initiate the registration process as a &quot;Vendor / Investor&quot;.

Step 2: The applicant must fill in the basic information section by selecting the appropriate &quot;Type of Organisation&quot; 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 &quot;Firm/Company Name&quot; and the &quot;Authorized Person Name&quot; 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&#39;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&#39;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.

<br>

##### *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.

<br>