CISENRWC

The scheme provides a capital investment subsidy of 15% against fixed capital investment, subject to a maximum ceiling of ₹50,00,000/-. The applicant must invest a minimum capital expenditure of ₹2,00,00,000/- and ensure the availability of a minimum of air-conditioned lettable rooms.

The scheme "Capital Investment Subsidy for Establishment of New Hotel or Mini Resort of Standard Category" was launched by the Tourism Department, Government of Madhya Pradesh. The scheme provides a capital investment subsidy of 15% against fixed capital investment, subject to a maximum ceiling of ₹50,00,000/-. The applicant must invest a minimum capital expenditure of ₹2,00,00,000/- and ensure the availability of a minimum of air-conditioned lettable rooms (25 for hotels or 10 for resorts). The scheme is implemented by the Madhya Pradesh Tourism Board. The applications for this scheme are accepted within one year from the date of commencement of operation.

• The applicant must be a private investor establishing a Tourism Project in Madhya Pradesh.
• The applicant must establish a new Resort and Wellness Centre equipped with Ayurvedic, Yoga, and Naturopathic treatment facilities.
• The applicant must incur a minimum capital expenditure of ₹5,00,00,000/- as approved by the department.
• The applicant must ensure the unit is established as per the definition, criterion, and standards defined by the Government of India or the State Government.
• The applicant must obtain the necessary certification for the wellness/resort project as required by the Tourism Department.
• The applicant must submit the application for the subsidy within 1 year from the date of commencement of operation.
• The applicant must not have claimed Investment Promotion Assistance or capital subsidy under any other category for the same project.

• The scheme provides a Capital Investment Subsidy of 15% against the Fixed Capital Investment.
• The maximum ceiling of the subsidy is ₹2,00,00,000/-.

##### Disbursement Conditions

• The unit must be established and operationalised during the operative tenure of the Tourism Policy 2025.
• If the unit executes and operates the entire project in one go, the capital expenditure incurred up to a maximum of 05 years prior to the commencement of the unit (as approved by the department) will be considered valid for the calculation of the capital grant.
• If the unit is entitled to a grant/subsidy in more than one category, the applicant must choose only one category in which they are willing to get the benefit.
• The unit must be run for at least three years from the date of availing the subsidy, and a self-declaration regarding continuous operation must be submitted on or before the 15th of April every year.
• On non-compliance regarding the three-year operation period, the subsidy is liable to be recovered with interest/penalty:

a) Closure within 1 year: 80% to be refunded.

b) Closure within 2 years: 60% to be refunded.

c) Closure within 3 years: 50% to be refunded.