Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE
The scheme aims to boost MICE tourism by incentivizing the creation of large convention centers. It provides a 15% capital subsidy up to ₹10,00,00,000/- to investors establishing convention centers with a 500+ seating capacity and a minimum investment of ₹20,00,00,000/-.
About This Scheme
Benefits
₹10.0 Cr
- The beneficiary receives a capital subsidy of 15% against the Fixed Capital Investment.
- The maximum subsidy amount is capped at ₹10,00,00,000/-.
- The unit must operate continuously 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 receipt, 80% of the subsidy must be refunded.
- If the unit closes within 2 years of receipt, 60% of the subsidy must be refunded.
- If the unit closes within 3 years of receipt, 50% of the subsidy must be refunded.
Eligibility
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Required Documents
- ✦Copy of Approved Floor Plan
- ✦Proof of Legally Authorized Person from the Unit
- ✦Memorandum and Articles of Association (if Public/Private Limited Company)
- ✦Partnership Deed and Certificate of Registration (if Partnership)
- ✦Name and Address of Proprietor or Certificate of Registration (if Proprietary Concern)
- ✦Details and Registration from Competent Authority (if Other Legal Entity)
- ✦Copy of Certificate of Establishment of Firm/Company
- ✦Copies of Land Records, Including Certified Khasra and Site Map
- ✦Copy of Registered Sale Deed or Lease Deed
- ✦Copy of Project Report
- ✦Certificate from HRACC (if Applicable)
- ✦Copy of Certificate from Town and Country Planning (TNCP)
- ✦Copy of Map Sanctioned by the Local Authority (Municipal Corporation, Municipality, etc.)
- ✦Copy of the Building Permission Granted by the Appropriate Authority
- ✦Completion Certificate from Competent Authority
- ✦Total Project Cost Certificate Certified by a Certified Engineer/Valuer
- ✦Total Capital Cost Certificate Certified by CA
- ✦Debt Details from Concerned Financial Institution
- ✦Proof of Date of Commercial Operation (Copy of First Lodging Bill, Catering Bill, or Bill of Service Provided)
- ✦Photographs of the Unit from 3 Different Angles (JPG Format, Not More Than 500 KB)
- ✦Cancelled Cheque of the Firm/Company
- ✦Copy of PAN Card
- ✦Copy of Photo ID Proof (Aadhaar Card/Voter ID/Passport)
- ✦Copy of Vendor Form
✦ 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
- ₹10.0 Cr