MP MSME Development Policy 2025 Offers Finance, Employment Incentives & Freight Subsidies

Table of Content


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)

 



Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

Trending News

Editor's Picks

Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states

The Union budget has set a new five-year target to cut the central government’s debt to 50% of gross domestic product, give or take 1%, by 31 March, 2031. The budget, presented by finance minister Nirmala Sitharaman on Saturday, also sought to signal the Narendra Modi administration’s commitment to fiscal prudence and infrastructure creation, including...

Budget sows seeds of change for agriculture but gaps remain

The Economic Survey called agriculture the “sector of the future” and the FM echoed this sentiment in her budget speech, emphasizing garib, youth, annadata and nari. Despite this focus, key gaps remain. Firstly, there is a budget cut for agriculture ministry. Despite the rhetoric, the Ministry of Agriculture and Farmers’ Welfare (MOA) saw a ₹3,500...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION

Quick Links

Popular Categories

Must Read

AIMPWA © 2025- All Right Reserved. Designed and Developed by  growGX.com