Sarkari Yojana
Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE
About Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE
To boost MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism, the Department of Tourism, Government of Madhya Pradesh introduced the “Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE” scheme, which promotes large convention facilities paired with hotels. A capital investment subsidy of 15% on fixed capital investment is available, up to a ceiling of ₹10,00,00,000/-, for applicants whose department-approved capital expenditure is at least ₹20,00,00,000/-. The Madhya Pradesh Tourism Board implements the scheme, and applications are made online.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE, applicants must satisfy the following conditions:
The tourism project set up must operate as…
The tourism project set up must operate as a "Convention Centre cum Hotel under MICE".
Capital expenditure (approved by the department) must be…
Capital expenditure (approved by the department) must be no less than ₹20,00,00,000/-.
The project has to meet the criteria and…
The project has to meet the criteria and standards prescribed by the Government of India for convention centers.
The main convention hall on its own must…
The main convention hall on its own must seat 500 or more people.
The application has to be filed within one…
The application has to be filed within one year of the operation start date.
Benefits Provided
Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE provides the following benefits to eligible applicants:
A capital subsidy amounting to 15% of the…
A capital subsidy amounting to 15% of the Fixed Capital Investment is given.
The subsidy will not exceed ₹10,00,00,000/-
The subsidy will not exceed ₹10,00,00,000/-. Conditions
For a minimum of three years after availing…
For a minimum of three years after availing the subsidy, the unit must stay in continuous operation.
By the 15th of April each year, the…
By the 15th of April each year, the beneficiary has to file a self-declaration confirming the unit is still running.
A unit closing within 1 year of receipt…
A unit closing within 1 year of receipt must return 80% of the subsidy.
A unit closing within 2 years of receipt…
A unit closing within 2 years of receipt must return 60% of the subsidy.
A unit closing within 3 years of receipt…
A unit closing within 3 years of receipt must return 50% of the subsidy.
Documents Required
Applicants should keep the following documents ready before starting the application:
Legal Entity Documents
Documentary proof of the unit's legally authorized person
Documentary proof of the unit's legally authorized person
The Memorandum and Articles of Association (for a…
The Memorandum and Articles of Association (for a Public/Private Limited Company)
The Partnership Deed with Certificate of Registration (for…
The Partnership Deed with Certificate of Registration (for a Partnership)
The proprietor's name and address or Certificate of…
The proprietor's name and address or Certificate of Registration (for a Proprietary Concern)
Particulars and registration issued by the competent authority…
Particulars and registration issued by the competent authority (for any Other Legal Entity)
A copy of the firm's/company's Certificate of Establishment…
A copy of the firm's/company's Certificate of Establishment Property and Land Documents
Copies of land records, including the Certified Khasra…
Copies of land records, including the Certified Khasra and Site Map
A copy of the registered Sale Deed or…
A copy of the registered Sale Deed or Lease Deed
A copy of the Project Report Regulatory Approvals
A copy of the Project Report Regulatory Approvals
HRACC certificate (if Applicable)
HRACC certificate (if Applicable)
A copy of the certificate issued by Town…
A copy of the certificate issued by Town and Country Planning (TNCP)
A copy of the map approved by the…
A copy of the map approved by the local authority (Municipal Corporation, Municipality, etc.)
A copy of the building permission issued by…
A copy of the building permission issued by the appropriate authority
A copy of the sanctioned floor plan
A copy of the sanctioned floor plan
A completion certificate from the competent authority Financial…
A completion certificate from the competent authority Financial Documents
Total Project Cost Certificate signed off by a…
Total Project Cost Certificate signed off by a Certified Engineer/Valuer
Total Capital Cost Certificate signed off by a…
Total Capital Cost Certificate signed off by a CA
Loan/debt particulars from the relevant financial institution
Loan/debt particulars from the relevant financial institution
Evidence of the commercial operation start date (copy…
Evidence of the commercial operation start date (copy of the first Lodging Bill, Catering Bill, or Bill of Service Provided) Additional Requirements
Pictures of the Unit shot from 3 different…
Pictures of the Unit shot from 3 different angles (JPG Format, max 500 KB)
A cancelled cheque of the Firm/Company
A cancelled cheque of the Firm/Company
A copy of the PAN Card
A copy of the PAN Card
A copy of photo identification (Aadhaar Card/Voter ID/Passport)
A copy of photo identification (Aadhaar Card/Voter ID/Passport)
A copy of the Vendor Form
A copy of the Vendor Form
How to Apply
Offline Application
Applicants can apply for Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE through the offline application process outlined below.
Registration Process
Begin by opening the Madhya Pradesh Government's Invest…
Begin by opening the Madhya Pradesh Government's Invest Portal, and registering under "Vendor / Investor".
Provide basic details
Provide basic details: choose the matching "Type of Organisation" (Public Limited Company, Private Limited, LLP, Proprietorship Firm, Partnership Firm, Cooperative, Trust, FPO, or Individual) and type the "Firm/Company Name" and "Authorized Person Name" identifying the entity.
Give a valid email ID and mobile number
Give a valid email ID and mobile number. This registered email ID is where the Application Number, User ID, password, and all significant communication will be sent.
Submit the basic registration form; a User ID…
Submit the basic registration form; a User ID and password are then generated and delivered to the registered mobile number.
The authorized person uses those credentials to sign…
The authorized person uses those credentials to sign in and handle the company's work, updating the profile after the first sign-in to finalise registration before the scheme can be applied for. Application Process
Get all mandatory permissions through the online single-window…
Get all mandatory permissions through the online single-window system inside the stipulated time frames. Next:
Complete the construction with at least the minimum capital expenditure.
Commence commercial operations and document proof of operation.
Lodge the online capital subsidy application within one…
Lodge the online capital subsidy application within one year of the operations start date and upload all mandatory documents in the specified formats (e.g., JPG for photos).
Verification of the application and documents is carried…
Verification of the application and documents is carried out by the Tourism Department/Board, which then processes the subsidy claim.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.