Madhya Pradesh Startup Policy 2022: Margin Money & Interest Subsidy Scheme — Eligibility Criteria

• The startup must hold valid DPIIT recognition from the Government of India.
• The startup must be officially registered and operating within Madhya Pradesh.
• A sanctioned term loan from a scheduled commercial bank, NBFC, or other approved financial institution is mandatory. The loan must be in the startup's name and intended for eligible business operations or setup costs.
• For enhanced benefits, the startup must have verified majority ownership by founders belonging to Scheduled Caste (SC), Scheduled Tribe (ST), Other Backward Classes (OBC), or women entrepreneurs. Documentary proof is required.

Madhya Pradesh Startup Policy 2022: Margin Money & Interest Subsidy Scheme 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.