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Capital Investment Subsidy for Creation of Infrastructure
The scheme aims to support the creation of essential infrastructure on leased tourism lands. It provides a 25% capital investment subsidy up to ₹3,00,00,000/- to private investors establishing power, water, road, and drainage systems for tourism projects.
About This Scheme
Benefits
₹3.0 Cr
- The beneficiary will receive a capital investment subsidy of 25% against the Fixed Capital Investment.
- The maximum ceiling of the subsidy is ₹3,00,00,000/-.
- The unit must operate continuously for at least three years from the date of availing the subsidy.
- The unit 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 receipt of subsidy, 80% of the subsidy amount must be refunded.
- If the unit closes within two years of receipt of subsidy, 60% of the subsidy amount must be refunded.
- If the unit closes within three years of receipt of subsidy, 50% of the subsidy amount must be refunded.
Eligibility
- •
The applicant must be a private investor or entity establishing a tourism project,.
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The applicant must have obtained the land or heritage assets from the Tourism Department on a lease basis.
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The applicant must create infrastructure such as power supply, water supply, approach road, sewage, and drainage systems on the obtained land or heritage assets.
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The applicant must incur a minimum capital expenditure of ₹50,00,000/- as approved by the department.
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The applicant must establish and operationalize the tourism project during the operative tenure of this policy.
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The applicant must not claim Investment Promotion Assistance if claiming this capital subsidy.
Required Documents
- ✦Photocopy of First Lodging Bill, Catering Bill, or Service Bill.
- ✦Coloured Photographs of Unit/Project from 03 Different Angles.
- ✦Copy of Vendor Form.
- ✦Copy of Memorandum and Articles of Association (if public/private limited company).
- ✦Copy of Partnership Deed and Certificate of Registration (if partnership).
- ✦Name and Address of Proprietor/Certificate of Registration (if proprietary concern).
- ✦Copy of Certificate of Establishment of Firm/Company.
- ✦Copy of PAN Card.
- ✦Copy of Photo ID Proof (Aadhaar Card/Voter ID/Passport etc.).
- ✦Copies of Sale/Lease Deed (title document).
- ✦Copy of Project Report.
- ✦Copy of Map Sanctioned by the Local Authority (Municipal Corporation, Municipality etc.).
- ✦Copy of the Building Permission Granted by the Appropriate Authority.
- ✦Copy of Approved Floor Plan.
- ✦Completion Certificate from Competent Authority.
- ✦Total Project Cost Certificate Certified by Certified Engineer/Valuer.
- ✦Total Capital Cost Certificate Certified by Chartered Accountant.
- ✦Debt Details from Concerned Financial Institution.
- ✦Cancelled Cheque of the Firm/Company.
✦ 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
- ₹3.0 Cr
Available In
Data Sources
- https://www.myscheme.gov.in/schemes/cisci ↗Accessed Today
- https://www.myscheme.gov.in/schemes/cisci ↗Accessed 8 days ago
- https://www.myscheme.gov.in/schemes/cisci ↗Accessed 15 days ago
- https://www.myscheme.gov.in/schemes/cisci ↗Accessed 23 days ago
- https://www.myscheme.gov.in/schemes/cisci ↗Accessed 1 months ago
- https://www.myscheme.gov.in/schemes/cisci ↗Accessed 1 months ago
- https://www.myscheme.gov.in/schemes/cisci ↗Accessed 1 months ago
