MP government schemes & initiative for start-ups

If you are planning to start your startup in Mp and want to take benifits of government schemes and policies you need to know this schems.

The Madhya Pradesh government has a number of schemes in place to support start-ups. These schemes aim to provide financial assistance, mentorship, and other resources to help start-ups grow and succeed.

Here are some of the key MP government schemes for start-ups:

MP StartUp Policy and Implementation Scheme 2022: This policy provides a number of benefits to start-ups, including financial assistance, mentorship, tax breaks, and access to government resources.
State Innovation Challenge: This challenge provides grants of up to Rs. 1 crore to start-ups with innovative ideas.
Madhya Pradesh Venture Finance Limited: This company provides venture capital to start-ups.
Startup MP Portal: This portal provides a one-stop shop for start-ups to access information about government schemes and resources.
In addition to these schemes, the MP government also offers a number of other resources to start-ups, such as incubators, co-working spaces, and training programs.

Here are some of the specific benefits that start-ups can avail under the MP StartUp Policy and Implementation Scheme 2022:

Financial assistance:
Reimbursement of up to 50% of the cost of participating in national and international events, subject to a maximum of Rs. 1 lakh per start-up.
Reimbursement of up to 50% of the cost of filing for intellectual property rights, subject to a maximum of Rs. 50,000 per start-up.
Interest subsidy on loans taken from banks and financial institutions.
Mentorship:
Access to a network of mentors who can provide guidance and support.
Other resources:
Access to government facilities and infrastructure, such as incubators and co-working spaces.
Preferential treatment in government procurement.
To be eligible for the benefits of the MP StartUp Policy and Implementation Scheme 2022, a start-up must meet the following criteria:

It must be a registered company or partnership firm.
It must be incorporated in Madhya Pradesh.
It must be less than 7 years old.
It must have an annual turnover of less than Rs. 25 crore.
It must be engaged in innovative and technology-driven activities.
If you are a start-up entrepreneur in Madhya Pradesh, I encourage you to learn more about the government schemes and resources that are available to you. You may visit the Startup MP Portal to get more detail .

Tags : MP StartUp Policy and Implementation Scheme 2022,Madhya Pradesh Venture Finance Limited:, Startup MP Portal#Startupsdekho

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MP government schemes & initiative for start-ups

Tags : MP StartUp Policy and Implementation Scheme 2022,Madhya Pradesh Venture Finance Limited:, Startup MP Portal#Startupsdekho

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