Capital Subsidy for Establishment of Sea Plane, Amphibian Tourist Vehicle and Aero Sports and Aero Sports Training Centre/Academy
The scheme aims to encourage private investment in niche adventure tourism sectors such as sea planes, amphibian vehicles, and aero sports academies in Madhya Pradesh. It provides eligible investors with a 25% capital subsidy on fixed capital investment, up to ₹10,00,00,000/-.
About This Scheme
Benefits
₹10.0 Cr · annual
- The beneficiary will receive a capital investment subsidy equivalent to 25% of the approved fixed capital investment.
- The maximum subsidy amount provided under this scheme is capped at ₹10,00,00,000/-.
- For Aero Sports and Aero Sports Training Centres/Academies, the subsidy shall be given after one year from the date of operation.
- For Sea Plane and Amphibian Tourist Vehicles, the subsidy will be released in phases: 40% at the start of operation, and 20% per year in the subsequent 2nd, 3rd, and 4th years.
- Investment made prior to 3 years from the date of commencement of operation of the unit shall be accepted for calculating the capital subsidy.
Eligibility
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Required Documents
- ✦Project Report.
- ✦Memorandum and Articles of Association (If Public/Private Limited Company).
- ✦Partnership Deed and Certificate of Registration (If Partnership Firm).
- ✦Certificate of Registration/Establishment of Firm/Company.
- ✦Land Record Ownership Documents (Certified Khasra).
- ✦Site Map or Approved Khasra Map
- ✦Registered Sale Deed or Lease Deed
- ✦Building Permission from the Appropriate Authority.
- ✦Map Sanctioned by the Local Authority (Municipal Corporation, Municipality, Etc.).
- ✦Total Capital Cost Certificate Certified by a Chartered Accountant.
- ✦Total Project Cost Certificate Certified by a Certified Engineer/Valuer.
- ✦Proof of Date of Commercial Operation (Lodging Bill, Catering Bill, or Service Bill).
- ✦Photographs of the Unit/Project from 3 Different Angles (JPG Format, Max 500 KB).
- ✦Copy of PAN Card.
- ✦Copy of Photo ID Proof (Aadhaar Card, Voter ID, Passport, Etc.).
- ✦Cancelled Cheque of the Firm/Company.
- ✦Debt Details from Concerned Financial Institution.
- ✦No Objection Certificate from Pollution Control Board.
- ✦No Objection Certificate from Fire Department.
✦ 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