Benefits of MP Startup Policy 2022-
Madhya Pradesh is the second largest state in the country in terms of area. Dense population is found here. Poverty, illiteracy, unemployment are found in its peak stage due to high population. Therefore, Madhya Pradesh Startup Policy and Implementation Scheme 2022 has been started to remove poverty, illiteracy and unemployment. Through this scheme, it will help in eradicating poverty, illiteracy and unemployment. Following are the other benefits of MP Startup Policy 2022-
- MP Startup Policy will help in making campaigns like Make in India self-reliant India and self-reliant Madhya Pradesh successful.
- MP Startup Policy will encourage innovation and entrepreneurship in Madhya Pradesh, which will make its identity as an industry of the state.
- With the successful implementation of this scheme, Madhya Pradesh will be able to achieve ranking in the Ease of Doing Business in the country and there will be an increase in the export of goods from the state.
- Through the Madhya Pradesh State Policy and Implementation Plan 2022, new enterprises will be set up which will take the state to new heights in the field of education, health and technology.
- Under the MP Startup Policy, it will help in eradicating the poverty and unemployment prevailing in the state, which will lead to positive improvement in the lives of citizens.
- With the success of this scheme, the GDP and economic development of the state will touch new heights. Dear friends, read this article till the end to know about the help given by the Madhya Pradesh government for startups.
Assistance given by Madhya Pradesh government for startup-
The purpose of launching MP Startup Policy by the Government of Madhya Pradesh is to provide financial and non-financial assistance to startups and ideas in the state so that those starting startups do not face any difficulty. The government exemptions given by the MP government to startups are as follows-
- Under the MP Startup Policy, such startups which have received funds from an institution recognized by SEBI or RBI, then they will get a maximum financial assistance of 15 lakh rupees at the rate of 15% of the investment received for the first time.
- Under the MP Startup Policy, those incubators that organize startup programs will be given assistance of ₹ 500000 per event, which will not exceed 20 lakhs per year.
- An assistance of Rs.5 lakh will be provided to the incubators for their upliftment throughout their life time.
- Under the MP Startup Policy, 50% of the rent per month i.e. maximum of ₹ 5000 per month in lease and rental assistance will be waived by the government. This assistance will be given for a maximum period of 3 years.
- Under the MP Startup Policy, a maximum assistance of ₹ 5 lakh will be given to obtain a patent for innovation made in the field of technology, health, education.
- Additional 20% assistance will be given to new startups set up by women.
- Startup center will be set up in the state in which guidance and technical assistance will be provided to new startups.
- Under the Madhya Pradesh Startup Policy 2022, the new employee will get ₹ 5000 per month per employee assistance amount for the first 3 years.
- Employee assistance amount will be given for maximum 3 years which will be given to maximum 25 employees. This assistance can be up to 5 years from production and the employee should also be a resident of Madhya Pradesh.
- Under this scheme, electricity bill will be rebate for 3 years on taking electricity connection and for the next 3 years from the date of commencement of production in the enterprise, the bill will be distributed at the rate of ₹ 5 per unit only.
Development of Portal for Startups-
An online portal will be developed for the development and assistance of startups in Madhya Pradesh. Through this portal, this portal will act as a bridge for problems related to startups, investors, incubators and other works and for mutual contact. Startup Portal will be linked with Startup Portal of Government of India. In Madhya Pradesh, mainly through this portal, the benefit of all government assistance, facilities will be provided.
Documents required to get the benefit of MP Startup Policy 2022
- Mobile number
- Aadhar Card
- Pan Card
- E mail ID
- Photo
- Bank account
Application process to take advantage of MP Startup Policy 2022-
To take advantage of the MP Startup Policy and Implementation Scheme 2022 implemented by the Government of Madhya Pradesh, the startup will have to be registered and for other information related to this, you will have to go to the official website of the Micro and Small Department of Madhya Pradesh, mpmsme.gov.in. There you will get to fill 3 forms related to the startup policy. Of these, the first form will be related to the order, the second related to the policy and the third form related to the gazette. After filling your information in these three forms, submit it, then your application will be done successfully and keep following our website to see the status of your form.