Additional Subsidy to Establish Tourism Projects in Distant and New Ulterior Areas

About This Scheme

The scheme "Additional Subsidy to Establish Tourism Projects in Distant and New Ulterior Areas" was launched by the Tourism Department, Government of Madhya Pradesh. The scheme aims to promote the development of tourism infrastructure in remote, accessible, and less developed regions of the state by offering enhanced financial incentives. The scheme provides an additional 5% Capital Investment Subsidy on top of standard policy rates, removes the maximum ceiling on subsidy amounts, and significantly relaxes the minimum investment and room count requirements for eligible projects. The applicant must establish a tourism project in a location specifically classified as a "distant" or "ulterior" area by the Tourism Department. The scheme is implemented by the Madhya Pradesh Tourism Board, and applications for this scheme are accepted through the state's investment portal.

Eligibility

- The applicant must establish a Tourism Project (e.g., Hotel, Resort, etc.) as defined in the Tourism Policy. - The applicant must locate the project in an area classified as "distant" or "new ulterior" by the Government of Madhya Pradesh, Tourism Department. - The applicant must meet a minimum investment limit of at least 50% of the prescribed limit mentioned in the standard Tourism Policy for that project category. - The applicant must ensure the project meets at least 50% of the room capacity ceiling prescribed in the standard Tourism Policy. - The applicant must ensure the project is established and operationalized during the operative tenure of the Tourism Policy.

Benefits

- Additional Subsidy: An additional 5% Capital Investment Subsidy is provided on top of the standard subsidy percentage applicable to the project.- No Cap on Subsidy: There is no upper limit (ceiling) on the maximum amount of capital subsidy that can be claimed under this scheme.- Reduced Investment Requirement: The minimum capital investment limit required to be eligible is reduced to 50% of the prescribed limit mentioned in the Tourism Policy for the specific project type.- Reduced Capacity Requirement: The ceiling for the number of rooms required is reduced to 50% of the standard requirement mentioned in the Tourism Policy.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.