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

##### *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._

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• 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.

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##### *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.

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##### *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.

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