Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE
By Madhya Pradesh Tourism Board
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Quick Answer
Madhya Pradesh government offers a capital investment subsidy of 15% (up to ₹10 crore) for establishing large convention centers with 500+ seating capacity combined with hotels to promote MICE tourism.
- Funding amount
- ₹3Cr – ₹10Cr
- Funding type
- Subsidy
- Provider
- Madhya Pradesh Tourism Board
- Application deadline
- Rolling
- Location
- Madhya Pradesh
About this subsidy
The "Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE" scheme, launched by the Department of Tourism, Government of Madhya Pradesh, aims to significantly boost MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism in the state. This initiative is designed to encourage and support the development of high-quality, large-scale convention infrastructure seamlessly integrated with hotel facilities. By offering substantial financial incentives, the scheme seeks to attract private investment into critical tourism infrastructure, enhancing Madhya Pradesh's appeal as a premier destination for national and international events. The program provides a capital investment subsidy of 15% on the fixed capital investment, with a maximum ceiling of ₹10 crore. To qualify, applicants must undertake a minimum capital expenditure of ₹20 crore, as approved by the department. The scheme is efficiently implemented by the Madhya Pradesh Tourism Board, ensuring streamlined application and disbursement processes. This strategic subsidy is vital for fostering economic growth, creating employment opportunities, and elevating the state's position in the global tourism landscape.
Eligibility
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Subsidy providers
The Madhya Pradesh Tourism Board is the state's tourism agency. It runs a set of schemes for people building, upgrading or running tourism projects in Madhya Pradesh. Most are capital subsidies for hotels, resorts and tourism infrastructure. The rest cover land and heritage…
Learn moreBenefits & Funding
- Amount
- ₹3Cr – ₹10Cr
What You Get
Beneficiaries of this scheme receive a significant capital subsidy of 15% on their fixed capital investment for establishing a MICE Convention Centre cum Hotel. The maximum subsidy amount is capped at ₹10,00,00,000/- (₹10 crore), providing substantial financial support for large-scale projects. This subsidy aims to offset a considerable portion of the initial investment, making such ambitious tourism infrastructure projects more viable. Furthermore, the scheme outlines clear conditions for continuous operation, with provisions for partial repayment of the subsidy if the unit ceases operations within three years, ensuring accountability and long-term commitment to the state's tourism goals.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The Tourism Department/Board verifies the application and documents submitted by the applicant to ensure compliance with all eligibility criteria and scheme guidelines. This includes checking the incurred capital expenditure, conformity to Government of India standards for convention centers, and the seating capacity. Upon satisfactory verification, the subsidy claim is processed for disbursement.
Application Process
- 1
Register on Invest Portal
Applicant registers as a 'Vendor / Investor' on the Madhya Pradesh Government's Invest Portal, providing basic entity and contact information.
You - 2
- 3
- 4
How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the primary objective of this scheme?
The scheme aims to promote MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism by encouraging the creation of large-scale convention infrastructure combined with hotels in Madhya Pradesh.
What is the maximum subsidy available under this scheme?
The maximum capital investment subsidy is capped at ₹10,00,00,000/- (₹10 crore).
What is the minimum capital expenditure required for eligibility?
Applicants must incur a minimum capital expenditure of ₹20,00,00,000/- (₹20 crore), as approved by the department, to be eligible for the subsidy.
Are there any conditions regarding the operation of the subsidized unit?
Yes, the unit must operate continuously for at least three years from the date of availing the subsidy. A self-declaration regarding continuous operation must be submitted annually. If the unit closes prematurely, a portion of the subsidy (50-80%) must be refunded.
What types of entities can apply for this scheme?
The scheme is open to various organization types including Public Limited Company, Private Limited, LLP, Proprietorship Firm, Partnership Firm, Cooperative, Trust, FPO, and Individuals.
How and when should I submit my application?
The application process involves online registration on the Madhya Pradesh Government's Invest Portal, securing mandatory permissions, completing construction and commencement of commercial operations, and then submitting the capital subsidy application online within one year from the date of commencement of operation.
Sources
Data on this page is compiled from official program and provider references.
