All schemes
Subsidy MP Industries

MP MSME Development Policy 2023

30% capital subsidy for micro units in MP

Maximum benefit
₹50 L
Typical processing
120-180 days first claim to first tranche
Apply on official portal

About this scheme

Madhya Pradesh MSME Development Policy 2023 — capital subsidy up to 30% (micro), 25% (small), 15% (medium); interest subsidy 5% for 7 years; stamp duty exemption; SGST refund.

What you get

  • Capital subsidy 15-30% based on category
  • 5% interest subsidy on term loan for 7 years
  • Stamp duty exemption 100%
  • Electricity duty exemption 5-10 years
  • SGST refund up to 100% of paid SGST
  • Mukhya Mantri Udyog Kranti scheme convergence

Who qualifies

New MSME units in Madhya Pradesh. Different rates by category (general, women, SC/ST) and zone (backward districts get 5% additional).

All industries qualify (no NIC restriction).

Business types
ProprietorshipsPartnershipsPrivate LimitedLLPsOne Person Companies
States
MP

How to apply

  1. 1Register on MP Industries portal
  2. 2Submit Udyam + DPR + bank loan
  3. 3District Industries Centre verification
  4. 4Sanction by State Level Committee
  5. 5Disbursement in 5 annual tranches

Key terms and conditions

  • 7-year operational lock-in
  • Annual employment + production declaration
  • Recovery on closure within lock-in

What disqualifies you

  • Existing units relocating in not eligible
  • Pure trading excluded
  • Negative-list industries excluded

Documents typically required

  • Udyam
  • Project report
  • MP-based unit
  • Bank sanction

The content above is compiled from public information published by the scheme authority. Eligibility, benefits, and procedures are subject to change. Confirm details directly with the official portal before applying. BharatSeal does not process scheme applications.