Capital Investment Subsidy for Establishment of Way Side Amenities Under Green Field or Franchise Model

About This Scheme

The scheme "Capital Investment Subsidy for Establishment of Way Side Amenities Under Green Field or Franchise Model" was launched by the Tourism Department, Government of Madhya Pradesh. The scheme aims to improve travel infrastructure by encouraging private investment in the creation of standardized wayside amenities across the state. The scheme provides a capital subsidy of 15% on fixed capital investment, subject to a maximum ceiling of ₹50,00,000/-, for projects with a minimum investment of ₹25,00,000/-. The applicant must ensure the unit is established and operated according to the Department's "Way Side Amenities Policy 2016" on sites identified or approved by the Managing Director of the M.P. Tourism Board. The scheme is implemented by the Madhya Pradesh Tourism Board, and applications for this scheme are accepted online through the state's investment portal.

Eligibility

- The applicant must be an investor or entrepreneur establishing a "Way Side Amenity" project. - The applicant must incur a minimum capital expenditure of ₹25,00,000/- as approved by the department. - The applicant must establish the unit under either a Green Field Model or a Franchise Model. - The applicant must locate the project at a site identified by the department or at a site explicitly approved by the Managing Director, M.P. Tourism Board. - The applicant must ensure the unit is established and operated in accordance with the definitions and standards laid out in the Department's "Way Side Amenities Policy 2016". - The applicant must submit the application for the capital subsidy within one year from the date of commencement of operation.

Benefits

- Capital Subsidy: The beneficiary is entitled to a subsidy of 15% of the fixed capital investment.- Maximum Ceiling: The maximum subsidy amount is capped at ₹50,00,000/-.- Availability: This benefit is available for units established under the Green Field or Franchise Model. ##### *Conditions* - _The unit must be established and operationalized during the operative tenure of the Tourism Policy 2025._ - _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 continuous operation on or before the 15th of April every year._ - _If the unit closes within one year of receiving the subsidy, 80% of the amount must be refunded; if within two years, 60% must be refunded; and if within three years, 50% must be refunded._

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.