MICE Convention Centre cum Hotel Capital Subsidy — Up to ₹10 Crore (MP)

Madhya Pradesh is using a capital subsidy to pull large-format event infrastructure into the state. The programme — run by the Madhya Pradesh Tourism Board under the state's Department of Tourism — is aimed squarely at MICE tourism, which covers meetings, incentives, conferences and exhibitions.

A promoter who builds a convention centre with hotel facilities attached can claim 15% of the fixed capital investment made in the project, subject to a ceiling of ₹10 crore. To be considered, the project must involve a capital expenditure of at least ₹20 crore, as approved by the department. Because the support is calculated as a percentage of what is actually spent, the payout scales with project size — roughly ₹3 crore at the ₹20 crore threshold, moving towards the ₹10 crore cap on larger builds.

The venue itself has to be serious in scale. The main convention hall must seat 500 or more people, and the project has to conform to the criteria and standards laid down by the Government of India for convention centres. That combination — a hall of that size plus integrated hotel capacity — is what the scheme treats as a MICE-grade asset.

Applications are accepted round the year, with no fixed closing date. The clock that matters is project-linked: the subsidy claim must be filed online within one year of the date commercial operations begin. Recipients are also expected to keep the unit running for at least three years after availing the subsidy, confirming continuous operation through an annual self-declaration.

• Capital investment subsidy of 15% on fixed capital, capped at ₹10 crore
• Minimum project capital expenditure of ₹20 crore, approved by the department
• Main convention hall must seat 500 or more people
• For Convention Centre cum Hotel projects under MICE tourism in Madhya Pradesh
• Rolling applications with no fixed deadline; claim within one year of starting operations
• Implemented by the Madhya Pradesh Tourism Board; open to companies, LLPs, firms, trusts, FPOs and individuals

The scheme is open to a wide set of applicants rather than one restricted company type — Public Limited Companies, Private Limited Companies, LLPs, Proprietorship Firms, Partnership Firms, Cooperatives, Trusts, FPOs and Individuals can all apply, selecting their organisation type at the registration stage.

Your project must be developed as a Convention Centre cum Hotel under MICE, and it has to clear every one of the following tests:

• Capital expenditure of at least ₹20,00,00,000 (₹20 crore), as approved by the department.
• A main convention hall with seating capacity of 500 seats or more.
• Conformity with the criteria and standards laid down by the Government of India for convention centres.
• Submission of the subsidy application within one year from the date commercial operations commence.
• A commitment to keep the unit in continuous operation for three years after availing the subsidy, backed by an annual self-declaration.

Build the asset first, start operating it, and then claim — the scheme is structured around a completed, functioning project rather than a proposal on paper.

MICE Convention Centre cum Hotel Capital Subsidy — Up to ₹10 Crore (MP) is open to startups at any stage. It is open to startups registered anywhere in India.

MICE Convention Centre cum Hotel Capital Subsidy — Up to ₹10 Crore (MP) accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.

The scheme pays a capital investment subsidy equal to 15% of the fixed capital investment made in the project.

• The payout is capped at ₹10,00,00,000 (₹10 crore) — no project can draw more than that under this scheme.
• Eligibility requires a capital expenditure of at least ₹20,00,00,000 (₹20 crore), approved by the department. At that floor, the 15% calculation works out to roughly ₹3 crore, and the amount climbs towards the ₹10 crore ceiling as the project gets larger.
• The subsidy offsets a meaningful slice of the upfront build cost, which is what makes a 500-seater convention-and-hotel project more financeable for a private promoter.
• This is a subsidy rather than an investment, so the state does not take equity or any ownership stake in your venture.
• Recipients must operate the unit continuously for at least three years from the date the subsidy is availed, and file a self-declaration of continuous operation every year.
• If the unit shuts down before that commitment is honoured, a portion of the subsidy — between 50% and 80% — has to be refunded.

MICE Convention Centre cum Hotel Capital Subsidy — Up to ₹10 Crore (MP) is offered by Madhya Pradesh Tourism Board, a government body. As a government-backed subsidy, it is publicly funded and open to eligible startups across India.

Assessment here is verification-based rather than competitive pitching — there is no panel round or ranking against other applicants. The steps run in this order:

1. Registration on the state portal. Create a "Vendor / Investor" account on the Madhya Pradesh Government's Invest Portal, entering your type of organisation, the firm or company name and the authorised person's name, along with an email ID and mobile number.
2. Profile completion. Your Application Number, User ID and password are sent to that registered mobile number and email. Log in with those credentials and finish your profile before applying for the scheme.
3. Permissions. Obtain all mandatory permissions through the online single-window system within the stipulated time frames.
4. Build and commence operations. Complete construction so that the minimum capital expenditure of ₹20 crore is met, then begin commercial operations and retain proof of operating status.
5. File the subsidy claim. Submit the capital subsidy application online within one year from the date of commencement of commercial operation, uploading every required document in the specified format (photographs, for example, must be in JPG).
6. Departmental verification. The Tourism Department / Board examines the application and documents, checking the capital expenditure actually incurred, conformity with Government of India standards for convention centres, and the seating capacity of the main hall.
7. Disbursement. Once verification is satisfactory, the subsidy claim is processed for release.

Before you apply to MICE Convention Centre cum Hotel Capital Subsidy — Up to ₹10 Crore (MP), keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

MICE Convention Centre cum Hotel Capital Subsidy — Up to ₹10 Crore (MP) is best suited for startups in India seeking non-dilutive funding of ₹3Cr – ₹10Cr. If that describes your startup, review the eligibility criteria above before applying.