Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance — Frequently Asked Questions

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.

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.

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.

No, the program has a rolling / always open deadline. You can apply at any time after receiving a qualifying investment.

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.

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.

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.

The policy does not mention MSME registration as mandatory. Only DPIIT recognition is required.

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.

No, the startup must be registered and operating its business activities within Madhya Pradesh. The program is for local ventures.

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.

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.