Capital Subsidy for Heritage Hotel under Proprietorship
The scheme aims to encourage the establishment of heritage hotels through private investment by providing financial assistance to proprietors. The scheme provides a capital subsidy of 15% on fixed capital investment, subject to a maximum ceiling of ₹2,00,00,000/-. The applicants must be proprietors.
About This Scheme
Benefits
₹2.0 Cr
- The beneficiary receives a subsidy of 15% against the Fixed Capital Investment.
- The maximum subsidy amount is capped at ₹2,00,00,000/-.
Benefit Disbursal Conditions
- The unit must be established and operationalized during the operative tenure of the policy.
- 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 the continuous operation of the unit on or before the 15th of April every year.
- If the unit closes within 1 year of receipt of subsidy, 80% of the amount must be refunded.
- If the unit closes within 2 years of receipt of subsidy, 60% of the amount must be refunded.
- If the unit closes within 3 years of receipt of subsidy, 50% of the amount must be refunded.
Eligibility
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Required Documents
- ✦Title copy of registered sale deed or lease deed.
- ✦Copy of proof of legally authorized person from the unit.
- ✦Name and address of proprietor or certificate of registration (for proprietary concern).
- ✦Copy of PAN card.
- ✦Copy of Photo Id proof (Aadhaar Card/ Voter Id/ Passport etc.).
- ✦Cancelled cheque of the firm/company.
- ✦Copy of vender form.
- ✦Copies of Land Records including Ownership Documents (Certified Khasra).
- ✦Site Map.
- ✦Copy of certificate from Town and Country Planning (TNCP).
- ✦Copy of map sanctioned by the local authority (Municipal Corporation, Municipality etc.).
- ✦Copy of Approved floor plan.
- ✦Copy of the building permission granted by the appropriate authority.
- ✦Copy of project report.
- ✦Total project cost certificate certified by a certified Engineer/Valuer.
- ✦Total capital cost certificate certified by a Chartered Accountant (CA).
- ✦Debt details from the concerned financial institution.
- ✦Certificate from HRACC (if applicable).
- ✦Completion certificate from competent authority.
- ✦Proof of date of commercial operation (Photocopy of first Lodging Bill, Catering Bill, or first bill of service/facility provided).
- ✦Any other legally acceptable proof to prove the date of commercial operation.
- ✦Photographs of the Unit/Project from 3 different angles (JPG Format not more than 500 KB Size).
✦ Required ◦ Optional
How to Apply
Step 1: The applicant must visit Madhya Pradesh Government's Invest Portal to initiate the registration process as a "Vendor / Investor." This portal serves as the single interface for availing different kinds of services offered by the corporation to investors and vendors.
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 also accurately 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, ensuring that both remain active throughout the entire process, as the Application Number, User ID, password, and all other important communications will be sent to this registered email ID. The applicant must verify that the email address is correct and ensure that emails sent to this mailbox are not redirected to the junk or spam folder.
Step 4: The applicant must complete the basic registration form submission, noting that there is no charge for this specific basic registration step. Upon successful submission of the information, the system generates a User ID and password, which are shared directly to the applicant's registered mobile number for login purposes.
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 of ₹3,00,00,000/- is met.
- Commence commercial operations and gathers proof of operation, such as the first lodging or catering bill.
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
- ₹2.0 Cr