Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance
Government top-up for SEBI/RBI-recognized investments, up to ₹15 Lakh per instance, with women-led bonus.
- Funding amount
- ₹15L (subsidy)
- Funding type
- Subsidy
- Provider
- Department of MSME, Government of Madhya Pradesh (Government)
- Application deadline
- Rolling
- Eligible stage
- Revenue
- Location
- Open to startups registered in India
- DPIIT recognition
- Required — the startup must hold DPIIT (Startup India) recognition
Overview
The Madhya Pradesh Startup Policy 2022 offers Investment-Linked Assistance through the Department of MSME. This program provides a financial top-up to startups that have raised funds from institutional investors registered with SEBI or RBI. It aims to stimulate the state's startup ecosystem by encouraging private investment. Eligible startups receive a subsidy of 15% on the investment amount, capped at ₹15 Lakh per round. Startups can claim this benefit for up to four separate funding rounds, with a total potential of ₹60 Lakh. Women-led startups qualify for an additional 20% bonus on the top-up for each round. The funds can be used flexibly for growth expenses such as product development, marketing, and hiring.
Highlights
- Get a 15% top-up on SEBI/RBI-recognized investments, up to ₹15 Lakh per funding round.
- Access up to ₹60 Lakh total by leveraging up to four qualifying investment instances.
- Women-led startups receive an additional 20% bonus when they meet the 50% women ownership criteria.
- Funds are flexible – can be used for development, marketing, hiring, or other growth expenses.
- Open only to DPIIT-recognized startups registered and operating in Madhya Pradesh.
- Applications accepted on a rolling basis with no fixed deadline via the MP Startup portal.
Who can apply
To apply, startups must meet these conditions:
- DPIIT Recognition: The startup must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India.
- Madhya Pradesh Registration and Operation: The startup must be registered and conduct its primary business activities within Madhya Pradesh.
- Institutional Investment: The startup must have raised investment from a SEBI or RBI registered institutional investor, such as an Alternate Investment Fund (AIF), Venture Capital (VC) firm, or recognized angel network.
- Proof of Investment: Applicants must provide a signed funding agreement and verifiable evidence of fund receipt (e.g., bank statements or Foreign Inward Remittance Certificate for foreign investments).
- Women-Led Bonus: For the extra 20% bonus, women must collectively hold more than 50% equity in the startup. Eligible entity types include private limited companies, LLPs, and partnerships. The program is open to revenue-stage startups.
Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance is open to startups at the revenue stage. The programme is targeted at startups registered in Madhya Pradesh. Applicants should be registered as private limited, llp and partnership. Applicants must hold DPIIT (Startup India) recognition.
- Eligible stage
- Revenue
- Location
- Open to startups registered in India
- Entity type
- Private Limited, Llp, Partnership
- DPIIT recognition
- Required — the startup must hold DPIIT (Startup India) recognition
Deadline & timing
Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.
What the funding covers
Qualified startups receive:
- A government top-up of 15% of the investment raised from a SEBI/RBI-recognized institutional investor, capped at ₹15 Lakh per funding instance.
- Potential to claim this benefit for up to four funding instances, for a total of up to ₹60 Lakh.
- An additional 20% bonus on the top-up amount for women-led startups meeting the ownership criterion.
- Flexible use of funds for operational and growth expenses, including product development, market expansion, and talent acquisition.
Funding is disbursed as a reimbursement after the startup has received the external investment.
About the provider
Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance is offered by Department of MSME, Government of Madhya Pradesh, a government body. As a government-backed subsidy, it is publicly funded and open to eligible startups across India. You can verify current details and timelines on the provider's official website before applying.
How to apply
Applications are submitted on the official portal. Confirm the current deadline and document checklist there before you start.
Selection process
Applications are submitted online through the MP Startup portal (startup.mp.gov.in). Required documents include the DPIIT recognition certificate, signed investment agreement, proof of fund receipt (bank statements or FIRC), incorporation details, and bank account information. A competent authority under the MP Startup Policy 2022 reviews the application. Once approved, the financial assistance is disbursed as a reimbursement linked to the external investment.
Documents you’ll need
Before you apply to Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance, keep these documents ready — note the program-specific requirements at the top:
- DPIIT (Startup India) recognition certificate — mandatory for this program
- Certificate of incorporation showing your startup is registered as private limited and llp
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Who this is best for
Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance is best suited for revenue-stage startups in India seeking non-dilutive funding of ₹15L. Because DPIIT recognition is mandatory, it is aimed at startups already registered under Startup India. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
How much funding can I receive under this program?
You can get a top-up of up to ₹15 Lakh per investment round, and you can get that for up to four separate rounds — making a total of up to ₹60 Lakh across the program.
Is this program equity-free or do I have to give up stake?
This is a subsidy, not equity. You do not give up any ownership in your startup. It is a grant linked to the equity investment you raised from an institutional investor.
Who is eligible to apply?
Your startup must be DPIIT-recognized, registered and operating in Madhya Pradesh, and must have received investment from a SEBI or RBI registered institutional investor or angel network. You can be a private limited company, LLP, or partnership firm at revenue stage.
Is there an application deadline?
No, the program has a rolling / always open deadline. You can apply at any time after receiving a qualifying investment.
How do I apply?
Apply online through the official Madhya Pradesh Startup portal at startup.mp.gov.in. Submit your DPIIT certificate, the signed investment agreement, proof of fund receipt (like bank statements or FIRC), and bank details.
When is the funding disbursed?
Funding is disbursed as a reimbursement after you have already received the investment. You need to upload proof of receipt; then the Department reviews and processes payment.
What documents are needed?
You will need your DPIIT recognition certificate, the signed investment agreement with the institutional investor, proof that the funds have been received (bank statements, FIRC for foreign investment), and bank account details for the disbursal.
Is MSME registration required?
The policy does not mention MSME registration as mandatory. Only DPIIT recognition is required.
What does women-led bonus mean?
If your startup is majority owned by women — meaning more than 50% equity held by women founders — you get an additional 20% bonus on the top-up amount for each funding instance.
Are startups from outside Madhya Pradesh eligible?
No, the startup must be registered and operating its business activities within Madhya Pradesh. The program is for local ventures.
Is DPIIT recognition required for Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance?
Yes. To apply for Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance, your startup must hold DPIIT (Startup India) recognition. You can obtain it free of charge on the Startup India portal before applying.
Who offers Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance?
Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance is offered by Department of MSME, Government of Madhya Pradesh, a government body. It is provided as non-dilutive funding.
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