Madhya Pradesh Startup Policy 2022: Sustenance Allowance for Startups — Frequently Asked Questions
Answers to the questions founders most often ask about Madhya Pradesh Startup Policy 2022: Sustenance Allowance for Startups — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the amount of the sustenance allowance?
You receive ₹10,000 per month for 12 months, for a total of ₹120,000.
Is the allowance paid as a lump sum or monthly?
It is paid monthly through your startup's nodal incubator.
Do I have to give up equity to receive this grant?
No, this is a non-dilutive grant. No equity is taken.
Is DPIIT registration mandatory?
Yes, you must have valid DPIIT recognition to apply.
Does my startup need to be registered in Madhya Pradesh?
Yes, your startup must be registered in Madhya Pradesh and have a valid MP GST registration.
Do I need to be associated with an incubator?
Yes, you must be hosted at or associated with an incubator that is empanelled under the Madhya Pradesh Startup Policy.
What stages of startups are supported?
The program supports startups at the idea and product (MVP) stages.
Are any industries excluded?
No specific industry restrictions are mentioned; startups from any sector can apply.
How do I apply and what documents are needed?
Submit your application through the MP Startup portal (startup.mp.gov.in). You will need your DPIIT certificate, MP GST registration, proof of incubator association, founder information, and bank account details.
What type of entity is eligible?
Private limited companies, LLPs, and partnerships are eligible.
Is there a deadline for applications?
Applications are accepted on a rolling basis throughout the year.
How much funding does Madhya Pradesh Startup Policy 2022: Sustenance Allowance for Startups provide?
Madhya Pradesh Startup Policy 2022: Sustenance Allowance for Startups provides ₹1.2L (up to) as grant. Always confirm the exact amount and any conditions on the official site, as figures can change between cohorts.
Who is eligible to apply for Madhya Pradesh Startup Policy 2022: Sustenance Allowance for Startups?
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.
Who offers Madhya Pradesh Startup Policy 2022: Sustenance Allowance for Startups?
Madhya Pradesh Startup Policy 2022: Sustenance Allowance for Startups is offered by Department of MSME, Government of Madhya Pradesh, a government body. It is provided as non-dilutive funding.
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