Sarkari Yojana
Investment Promotion Assistance To Setup Large/Mega/Ultra-Mega Tourism Projects
About Investment Promotion Assistance To Setup Large/Mega/Ultra-Mega Tourism Projects
Launched by the Tourism Department, Government of Madhya Pradesh, the “Investment Promotion Assistance to Setup Large/Mega/Ultra-Mega Tourism Projects” scheme promotes the creation of sizeable tourism infrastructure through financial incentives tied to capital investment and job creation. Depending on whether a project is Large, Mega or Ultra-mega, the assistance is 30% of the capital investment, with the ceiling going up to ₹90,00,00,000/-. Applicants must be private investors or legal entities ready to invest at least ₹10,00,00,000/- and to provide a set number of jobs to residents of Madhya Pradesh. The Madhya Pradesh Tourism Board implements the scheme, and applications are taken online via the Madhya Pradesh Government’s Invest Portal.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Investment Promotion Assistance To Setup Large/Mega/Ultra-Mega Tourism Projects, applicants must satisfy the following conditions:
Applicants have to be private entities, for example…
Applicants have to be private entities, for example a public/private limited company, partnership firm, proprietary concern or another legal entity.
To qualify, the applicant must satisfy the conditions…
To qualify, the applicant must satisfy the conditions of one of these categories:
Large Project:
Capital expenditure of at least ₹10,00,00,000/- and jobs for no fewer than 50 residents of M.P.
Mega Project:
Capital expenditure of ₹50,00,00,000/- or above, with employment for at least 100 residents of M.P.
Ultra-mega Project:
A minimum capital outlay of ₹100,00,00,000/- together with jobs for a minimum of 200 residents of M.P.
The jobs created must go to residents of…
The jobs created must go to residents of Madhya Pradesh.
Anyone applying for this Investment Promotion Assistance cannot…
Anyone applying for this Investment Promotion Assistance cannot also claim Capital Subsidy under another clause of the Tourism Policy.
To get phase-wise incentives, the project must be…
To get phase-wise incentives, the project must be executed on schedule: 2 years for phase 1, 3 years for phase 2 and 5 years for the final phase.
Heritage Hotel projects need to meet at least…
Heritage Hotel projects need to meet at least 50% of the minimum investment and employment conditions laid down for the Large, Mega or Ultra-mega categories.
Benefits Provided
Investment Promotion Assistance To Setup Large/Mega/Ultra-Mega Tourism Projects provides the following benefits to eligible applicants:
Large Projects Beneficiaries get Investment Promotion Assistance equal to 30% of capital investment, up to a ceiling of ₹15,00,00,000/-. Mega Projects Here the assistance is 30% on capital investment, limited to a maximum of ₹30,00,00,000/-. Ultra-mega Projects These projects receive 30% of their capital investment as Investment Promotion Assistance, capped at ₹90,00,00,000/-. Disbursement Schedule Payment of the assistance is spread across four years, as these shares of the total approved amount:
First Year
First Year: 10% is released.
Second Year
Second Year: another 10% is paid.
Third Year
Third Year: 5% follows.
Fourth Year
Fourth Year: the final 5%. Heritage Projects Heritage Hotels need to meet only 50% of the investment and employment limits laid down for the Large, Mega and Ultra-mega categories, yet they still qualify for the benefits of those categories. SC/ST Entrepreneurs An extra 5% capital investment subsidy is available to SC/ST applicants who hold 100% ownership. Phase-wise Incentives Phase-wise incentives are given when the first phase is finished within 2 years, the second within 3 years and the last within 5 years. Conditions
A unit that claims Investment Promotion Assistance cannot…
A unit that claims Investment Promotion Assistance cannot also get capital subsidy under any other category of the policy.
Beneficiaries have to keep up the minimum employment…
Beneficiaries have to keep up the minimum employment of M.P. residents set for their category.
Phase-wise grants are released only if project phases…
Phase-wise grants are released only if project phases are finished within the approved implementation timeline.
Where the whole project is executed at once,…
Where the whole project is executed at once, capital expenditure made up to 05 years before the unit commences is counted when calculating the grant.
Documents Required
Applicants should keep the following documents ready before starting the application:
Company/Firm Documentation
For a Public/Private Limited Company, the Memorandum and…
For a Public/Private Limited Company, the Memorandum and Articles of Association.
For a Partnership Firm, the Partnership Deed with…
For a Partnership Firm, the Partnership Deed with its Certificate of Registration.
For a Proprietary Concern or Other Legal Entity,…
For a Proprietary Concern or Other Legal Entity, its Certificate of Registration.
PAN Card in the name of the Firm/Company
PAN Card in the name of the Firm/Company.
Photo identity of the Applicant (Aadhaar Card, Voter…
Photo identity of the Applicant (Aadhaar Card, Voter ID, Passport, etc.).
Evidence of the unit's Legal Authorized Person
Evidence of the unit's Legal Authorized Person. Project Documentation
Report on the project
Report on the project. Land and Property Documents
Ownership records of the land (Certified Khasra)
Ownership records of the land (Certified Khasra).
Map of the site
Map of the site.
Proof of Title through a Registered Sale Deed…
Proof of Title through a Registered Sale Deed or Lease Deed.
Building Permission granted by the Appropriate Authority (copy)
Building Permission granted by the Appropriate Authority (copy).
Map approved by the Concerned Authority (copy)
Map approved by the Concerned Authority (copy).
Floor Plan that has been approved
Floor Plan that has been approved.
Town and Country Planning (TNCP) certificate
Town and Country Planning (TNCP) certificate. Financial Certificates
Certificate of Total Capital Cost, certified by a…
Certificate of Total Capital Cost, certified by a Certified Engineer/Valuer.
Certificate of Total Project Cost, certified by a…
Certificate of Total Project Cost, certified by a Chartered Accountant (CA).
Details of debt from the Concerned Financial Institution
Details of debt from the Concerned Financial Institution. Operational Documents
Competent Authority's Completion Certificate
Competent Authority's Completion Certificate.
Evidence of the Date of Commercial Operation (First…
Evidence of the Date of Commercial Operation (First Lodging Bill, Catering Bill or Service Bill).
Colour photographs of the Unit/Project taken from 3…
Colour photographs of the Unit/Project taken from 3 Different Angles. Banking Documents
A Cancelled Cheque of the Firm/Company
A Cancelled Cheque of the Firm/Company.
Vendor Form
Vendor Form.
How to Apply
Offline Application
Applicants can apply for Investment Promotion Assistance To Setup Large/Mega/Ultra-Mega Tourism Projects through the offline application process outlined below.
Registration Process
Go to the Madhya Pradesh Government's Invest Portal,…
Go to the Madhya Pradesh Government's Invest Portal, and begin registering as a "Vendor / Investor".
In the basic information section, pick the correct…
In the basic information section, pick the correct "Type of Organisation" from the options offered: Public Limited Company, Private Limited, LLP, Proprietorship Firm, Partnership Firm, Cooperative, Trust, FPO or Individual. Then type the "Firm/Company Name" and "Authorized Person Name" so the entity can be identified.
Provide a working email ID and mobile number
Provide a working email ID and mobile number. This registered email ID will receive the Application Number, User ID, password and all other key messages.
Submit the basic registration form
Submit the basic registration form. A User ID and password are created by the system and sent straight to the applicant's registered mobile number.
Using the User ID and password received on…
Using the User ID and password received on the registered mobile number, the authorized person signs in to handle the company's activities. After this first login, the profile must be updated to finish full registration before the scheme application can begin. Application Process
Obtain all mandatory permissions through the online single-window…
Obtain all mandatory permissions through the online single-window system within the stipulated time frames. After that, the applicant needs to -
Finish construction while meeting the minimum capital expenditure.
Start commercial operations and collect proof that operations have begun.
File the capital subsidy application online no later…
File the capital subsidy application online no later than one year after operations commence. Upload every required document in the specified format (e.g., JPG for photos).
The Tourism Department/Board checks the application and documents…
The Tourism Department/Board checks the application and documents and then processes the subsidy claim.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.