Madhya Pradesh Startup Policy 2022: Sustenance Allowance for Startups — Eligibility Criteria

To be eligible for the Madhya Pradesh Startup Policy 2022 Sustenance Allowance, startups must meet several key criteria:

• The startup is required to hold valid DPIIT recognition. This recognition officially validates the startup's innovative nature and potential for scale, aligning with national startup promotion initiatives.
• Applicants must be registered in Madhya Pradesh and possess a valid MP GST registration. This ensures that the policy's benefits directly support businesses contributing to the state's economy and tax base.
• The startup must be hosted at or actively associated with a partner incubator that is empanelled under the Madhya Pradesh Startup Policy. These incubators provide crucial mentorship, networking opportunities, and a structured environment for growth.
• The startup needs to demonstrate active development of its product or service. This confirms that the startup is past the conceptual stage and is actively working towards bringing a tangible solution to the market.

Madhya Pradesh Startup Policy 2022: Sustenance Allowance for Startups is open to startups at the idea and product 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.