|Type of Benefit||Fiscal|
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.|
Apply to Nodal Agency.
|Policy Name||MP Incubation and Startup Policy 2016-2021|
|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|