If you are planning to start your startup in Mp and want to take benifits of government schemes and policies you need to know this schems.

The Madhya Pradesh government has a number of schemes in place to support start-ups. These schemes aim to provide financial assistance, mentorship, and other resources to help start-ups grow and succeed.

Here are some of the key MP government schemes for start-ups:

MP StartUp Policy and Implementation Scheme 2022: This policy provides a number of benefits to start-ups, including financial assistance, mentorship, tax breaks, and access to government resources.
State Innovation Challenge: This challenge provides grants of up to Rs. 1 crore to start-ups with innovative ideas.
Madhya Pradesh Venture Finance Limited: This company provides venture capital to start-ups.
Startup MP Portal: This portal provides a one-stop shop for start-ups to access information about government schemes and resources.
In addition to these schemes, the MP government also offers a number of other resources to start-ups, such as incubators, co-working spaces, and training programs.

Here are some of the specific benefits that start-ups can avail under the MP StartUp Policy and Implementation Scheme 2022:

Financial assistance:
Reimbursement of up to 50% of the cost of participating in national and international events, subject to a maximum of Rs. 1 lakh per start-up.
Reimbursement of up to 50% of the cost of filing for intellectual property rights, subject to a maximum of Rs. 50,000 per start-up.
Interest subsidy on loans taken from banks and financial institutions.
Mentorship:
Access to a network of mentors who can provide guidance and support.
Other resources:
Access to government facilities and infrastructure, such as incubators and co-working spaces.
Preferential treatment in government procurement.
To be eligible for the benefits of the MP StartUp Policy and Implementation Scheme 2022, a start-up must meet the following criteria:

It must be a registered company or partnership firm.
It must be incorporated in Madhya Pradesh.
It must be less than 7 years old.
It must have an annual turnover of less than Rs. 25 crore.
It must be engaged in innovative and technology-driven activities.
If you are a start-up entrepreneur in Madhya Pradesh, I encourage you to learn more about the government schemes and resources that are available to you. You may visit the Startup MP Portal to get more detail .