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  3. Investment Promotion Assistance To Setup Large/Mega/Ultra-Mega Tourism Projects
Madhya Pradesh

Investment Promotion Assistance To Setup Large/Mega/Ultra-Mega Tourism Projects

Tourism Department, Government of Madhya Pradesh

About This Scheme

Financial incentives for private entities to establish large-scale tourism infrastructure projects in Madhya Pradesh, offering up to ₹90 crore based on capital investment and employment generation.

The "Investment Promotion Assistance to Setup Large/Mega/Ultra-Mega Tourism Projects" scheme, launched by the Tourism Department, Government of Madhya Pradesh, aims to significantly boost tourism infrastructure across the state. This initiative provides robust financial incentives to private investors and legal entities willing to undertake substantial capital investments in the tourism sector. The core objective is to encourage the establishment of diverse tourism projects, ranging from large-scale hotels and resorts to theme parks and other facilities, thereby creating significant employment opportunities for residents of Madhya Pradesh. The scheme categorizes projects into Large, Mega, and Ultra-mega, with varying thresholds for capital expenditure and employment generation, and offers tailored assistance accordingly.

By incentivizing these large-scale investments, the Madhya Pradesh government seeks to enhance its position as a premier tourist destination, improve visitor experience, and foster economic growth within local communities. The scheme is a crucial component of the state's broader tourism policy, designed to attract both domestic and international investors to contribute to the development of world-class tourism infrastructure.

Benefits

  • The scheme offers significant Investment Promotion Assistance, providing 30% of the capital investment as a subsidy.
  • For Large Projects, the maximum ceiling is ₹15 crore.
  • Mega Projects can receive up to ₹30 crore, and Ultra-mega Projects are eligible for a maximum of ₹90 crore.
  • This assistance is disbursed over four years, with 10% in the first year, 10% in the second, 5% in the third, and 5% in the fourth.
  • Additionally, SC/ST entrepreneurs with 100% ownership are entitled to an additional 5% capital investment subsidy.
  • Heritage Hotels benefit from reduced investment and employment criteria while retaining eligibility for the specified category benefits.
  • Phase-wise incentives are also available for projects completed within stipulated timelines.

How to Apply

Rolling basis

Quick Info

Amount / Funding
₹3 Cr – ₹90 Cr
State / Region
Madhya Pradesh
Ministry / Dept
Tourism Department, Government of Madhya Pradesh
Tags
SubsidyRevenue