Capital Investment Subsidy For Creation of Infrastructure Along With Installation of Equipment To Establish Film Studio, Film Making, Museum, Aquarium, Theme Park

About This Scheme

The scheme "Capital Investment Subsidy For Creation of Infrastructure Along With Installation of Equipment To Establish Film Studio, Film Making, Museum, Aquarium, Theme Park" was launched by the Tourism Department, Government of Madhya Pradesh. The scheme provides a capital investment subsidy of 15% on fixed capital investment, subject to a maximum ceiling of ₹5,00,00,000/-, to encourage the establishment of niche tourism projects. The applicant must incur a minimum capital expenditure of ₹1,00,00,000/- as approved by the department to be eligible for this specific subsidy. 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 establish a new project in one of the following categories: Film Studio, Film Making, Museum, Aquarium, or Theme Park. - The applicant must incur a minimum capital expenditure of ₹1,00,00,000/- as approved by the department. - The applicant must ensure the project falls within the definition of "Tourism Projects" as determined by the Tourism Department. - The applicant must be a legal entity such as a Public/Private Limited Company, Partnership Firm, Proprietary Concern, or other registered legal entity. - The applicant must submit the application for the capital subsidy within one year from the date of commencement of operation. - The applicant must maintain the investment made prior to 3 years from the date of commencement of operation for calculating the capital subsidy. - The applicant must not have claimed capital subsidy/investment promotion assistance for the same project from any other category under the policy.

Benefits

- 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/-. ##### *Conditions* - _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._

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.