Capital Investment Subsidy For Creation of Infrastructure Along With Installation of Equipment To Establish Film Studio, Film Making, Museum, Aquarium, Theme Park
The scheme aims to promote private investment in the creation of film studios, museums, aquariums, and theme parks. It provides a 15% capital subsidy up to ₹5,00,00,000/- to investors who meet the minimum capital expenditure requirements.
About This Scheme
Benefits
₹5.0 Cr
- 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/-.
- 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.
Eligibility
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Required Documents
- ✦Memorandum and Articles of Association (if Public/Private Limited Company).
- ✦Partnership Deed and Certificate of Registration (if Partnership).
- ✦Certificate of Registration (if Proprietary Concern or Other Legal Entity).
- ✦Copy of Certificate of Establishment of Firm/Company.
- ✦Cancelled Cheque of the Firm/Company.
- ✦Copy of PAN Card.
- ✦Copy of Photo ID Proof (Aadhaar Card/ Voter ID/ Passport etc.).
- ✦Copy of Vender Form.
- ✦Proof of Legal Authorized Person from Unit.
- ✦Land Records Ownership Documents (Certified Khasra).
- ✦Site Map.
- ✦Registered Sale Deed or Lease Deed (Proof of Title).
- ✦Copy of Project Report.
- ✦Copy of Map Sanctioned by the Local Authority (Municipal Corporation, Municipality etc.).
- ✦Copy of the Building Permission Granted by the Appropriate Authority.
- ✦Copy of Approved Floor Plan.
- ✦Completion Certificate from Competent Authority.
- ✦Coloured Photographs of Unit/Project from 03 Different Angles (JPG Format Not More Than 500 KB Size).
- ✦Total Project Cost Certificate Certified by Certified Engineer/Valuer.
- ✦Total Capital Cost Certificate Certified by CA.
- ✦Debt Details from Concerned Financial Institution.
- ✦Proof of Date of Commercial Operation (Photocopy of First Lodging Bill, Catering Bill, or Bill of Service/Facility Provided).
✦ Required ◦ Optional
How to Apply
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.
Quick Info
- Level
- Central Government
- Max benefit
- ₹5.0 Cr