Madhya Pradesh Startup Policy 2022: Sustenance Allowance for Startups — Frequently Asked Questions

The Sustenance Allowance is a financial support program under the Madhya Pradesh Startup Policy 2022, offering a monthly stipend to founders to cover personal expenses during their startup's crucial early development phase.

This program is provided by the Department of MSME, Government of Madhya Pradesh, and is managed operationally through the MP Startup Centre.

Eligible startups receive a monthly sustenance allowance of ₹10,000, disbursed for a period of 12 months, totaling ₹120,000 per startup.

The application process for the Sustenance Allowance is rolling, meaning applications are accepted continuously and there is no specific deadline.

The allowance is available for DPIIT-recognized startups in Madhya Pradesh that are in the idea or product development stages. Eligible legal entities include private limited companies, LLPs, and partnerships.

Yes, DPIIT recognition is a mandatory requirement for startups to be eligible for the Sustenance Allowance. MSME registration is not explicitly stated as a requirement for this specific program.

No, the Sustenance Allowance is provided as a grant. This means it is non-dilutive, and the program does not take any equity stake in the participating startups.

To apply, your startup must have valid DPIIT recognition, be registered in Madhya Pradesh with MP GST, be associated with an incubator empanelled under the Madhya Pradesh Startup Policy, and be actively developing its product or service.

Startups can apply for the Sustenance Allowance through the official MP Startup portal. The application typically requires documents such as the DPIIT certificate, GST registration details, proof of incubator association, founder information, and bank details.

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.

Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.