Type of Benefit | Fiscal |
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Benefit Details | Eligible startups shall be provided interest subsidy of 8% per annum for a period of 3 years on the rate of interest paid on loans obtained from scheduled banks/financial institutions subject to a maximum limit of Rs. 4 lakhs per year. |
Eligibility Criteria | Entrepreneurs/startups running in the incubators need to be registered as company or under MSME Act, Govt of India before availing incentives. |
Application Procedure | Apply to Nodal Agency. |
OVERVIEW
Policy Name | MP Incubation and Startup Policy 2016-2021 |
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Website | Department of Micro, Small & Medium Enterprises |
Policy Document | Download here |
Nodal Agency | Department of MSME |
Office Address | Address: Room no-410, 4th Floor, Directorate of Industries, Vindhyachal Bhavan, Bhopal |
Contact Details | Email: sicell.msme@mp.gov.in, ic-mp@nic.in
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