Bhopal, Feb 19 (KNN) The Madhya Pradesh government has announced a comprehensive MSME and Start-up support package. 

In a significant move to strengthen the industrial sector, the state cabinet approved the MSME Development Policy-2025, introducing substantial incentives for micro, small, and medium enterprises. 

The policy offers investment promotion assistance of up to 40 percent, with enhanced support of 48 percent for SC/ST and women entrepreneurs. Units established in backward development blocks can receive assistance up to Rs 1.3 crore. 

Export-oriented MSMEs stand to benefit from up to 52 percent investment assistance on freight, capped at Rs 2 crore, along with Rs 50 lakh for export certification. 

The policy includes specific provisions for employment generation, offering medium-sized units Rs 5,000 per month for each employee, for up to five years, provided they create more than 100 jobs. 

Additional support includes Rs 13,000 for worker skill development training, with special assistance packages designated for MSMEs manufacturing medical equipment and footwear. 

Further demonstrating its commitment to economic growth, the government introduced the Madhya Pradesh Start-up Policy and Implementation Scheme-2025. 

The policy aims to double the current number of start-ups from 5,000 to 10,000 within five years, offering both financial and non-financial support to start-ups and incubators. 

A flagship mega incubation center will be established through public-private partnership with leading institutions, complemented by satellite centers across the state. 

(KNN Bureau)