Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE

The Department of Tourism, Government of Madhya Pradesh, has introduced the Capital Investment Subsidy for Establishment of 500 or More Seater Convention Centre as Above cum Hotel under MICE. This scheme is intended to promote MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism by supporting the creation of large-scale convention facilities that are integrated with hotel operations. The objective is to draw private capital into tourism infrastructure, thereby strengthening the state's capacity to host domestic and international events.

Under the scheme, a capital investment subsidy of 15% is offered on fixed capital investment, subject to a maximum ceiling of ₹10 crore. Applicants are required to undertake a minimum capital expenditure of ₹20 crore, as approved by the department. The Madhya Pradesh Tourism Board manages the implementation, handling application and disbursement procedures. The subsidy is expected to contribute to economic growth, generate employment, and improve the state's standing in the global tourism sector.

**Registration Process:** - Go to the Madhya Pradesh Government's Invest Portal (sws.invest.mp.gov.in) and start the registration by selecting the "Vendor / Investor" option. - Provide the necessary details by choosing the relevant "Type of Organisation" (such as Public Limited Company, Private Limited, LLP, Proprietorship Firm, Partnership Firm, Cooperative, Trust, FPO, or Individual), followed by the "Firm/Company Name" and "Authorized Person Name". - Furnish a valid email address and mobile number; these will be used to send the Application Number, User ID, password, and all other significant correspondence. - Submit the basic registration form. The User ID and password will be dispatched to the mobile number provided. - Access the portal with the credentials received. Complete the full registration by updating your profile before applying for any scheme.

**Application Process:** - Obtain all required permissions through the online single-window system within the prescribed deadlines. - Finish the project construction, ensuring that the minimum capital expenditure of ₹20 crore is achieved. - Begin commercial operations and collect evidence of the same. - File the capital subsidy application online within one year of the commercial operation start date. Attach all necessary documents, ensuring they conform to the specified format requirements (for instance, JPG for photographs). - The Tourism Department/Board will subsequently review the application and supporting documents, and proceed with processing the subsidy claim.

The Tourism Department/Board examines the application and accompanying documents to confirm that all eligibility conditions and scheme provisions are met. This review covers the capital expenditure actually incurred, adherence to Government of India specifications for convention centres, and the seating capacity. Once the verification is completed to the department’s satisfaction, the subsidy claim moves forward for payment.