The scheme "Capital Investment Subsidy to Establish a New Deluxe/Three Star or Higher Category New Hotel and Resort" was launched by the Department of Tourism, Government of Madhya Pradesh. The scheme provides a capital investment subsidy of 15% on fixed capital investment, subject to a maximum ceiling of ₹5,00,00,000/-. The applicant must invest a minimum of ₹10,00,00,000/- in capital expenditure and ensure the establishment of at least 50 lettable air-conditioned rooms. The scheme is implemented by the Madhya Pradesh Tourism Board and applications for this scheme are accepted online through the state's investment portal.
The scheme aims to bolster the tourism infrastructure within Madhya Pradesh by incentivizing private investment in high-quality accommodation facilities. By offering a significant capital investment subsidy, the Department of Tourism, Government of Madhya Pradesh, seeks to attract developers to establish new deluxe, three-star, or higher category hotels and resorts across the state. This initiative is crucial for enhancing Madhya Pradesh's appeal as a premier tourist destination, catering to both domestic and international visitors who demand superior lodging options. The subsidy directly supports the financial viability of large-scale hotel projects, ensuring that new developments meet stringent quality standards including a minimum of 50 lettable air-conditioned rooms and a substantial capital outlay. This strategic investment from the government plays a pivotal role in creating job opportunities, boosting local economies, and fostering sustainable growth in the hospitality sector, aligning with the state's broader economic development goals. The program is implemented by the Madhya Pradesh Tourism Board, ensuring efficient execution and oversight of all applications and disbursals.
