NewKerala.com

MP CM Yadav Boosts Startups with Rs 2.5 Cr Incentives, Rs 8.17 Cr Loans

Madhya Pradesh Chief Minister Mohan Yadav transferred financial assistance exceeding Rs 10.67 crore to 177 startups during the Madhya Pradesh Startup Summit-2026 in Bhopal. The support included over Rs 2.5 crore in incentives to 156 startups and loan assistance of more than Rs 8.17 crore to 21 others under the Chief Minister Udyam Kranti Yojana. The event also saw the signing of key MoUs with export bodies and financial institutions to further bolster the startup ecosystem. State officials emphasized that promoting innovation and entrepreneurship, guided by national leadership, is a core resolve to address societal challenges and strengthen the economy.

Key Points: MP Startup Summit: Rs 10.67 Cr Aid for 177 Startups

  • Rs 2.5 cr incentives to 156 startups
  • Rs 8.17 cr loans to 21 startups
  • MoUs signed with FIEO & banks
  • Startup Policy-2025 offers Rs 10,000 seed aid
2 min read

MP CM Yadav transfers incentives assistance of Rs 2.5 cr to 156 startups, loans worth Rs 8.17 cr to 21 Startups

Madhya Pradesh CM Mohan Yadav disbursed over Rs 10.67 crore to startups at the MP Startup Summit-2026, highlighting state's innovation push.

MP CM Yadav transfers incentives assistance of Rs 2.5 cr to 156 startups, loans worth Rs 8.17 cr to 21 Startups
"Madhya Pradesh is a land of emerging opportunities and the youth drive the nation towards new thinking and new directions. - CM Mohan Yadav"

Bhopal, January 12

Madhya Pradesh Chief Minister Mohan Yadav interacted with entrepreneurs and investors from across the country at the 'Madhya Pradesh Startup Summit-2026' held in Bhopal on Monday and felicitated young entrepreneurs with the 'Madhya Pradesh Startup State Level Awards'.

CM Yadav transferred incentives assistance of over Rs 2.5 crore to 156 startups, while loan assistance of more than Rs 8.17 crore was disbursed to 21 startups under the Chief Minister Udyam Kranti Yojana during the summit, according to a release.

Additionally, long-term MoUs were signed between the Department of Micro, Small and Medium Enterprises and the Federation of Indian Export Organisations (FIEO), along with agreements with the Central Bank of India, Karvy Startup Labs, and Startup Middle East. The Chief Minister also released a booklet highlighting successful startups established in Madhya Pradesh, the release further said.

Addressing the occasion, CM Yadav said, "Indians have possessed a deep understanding of trade and business since ancient times, as enterprise, entrepreneurship, innovation and commerce are integral to Indian values and ethos. Madhya Pradesh is a land of emerging opportunities and the youth drive the nation towards new thinking and new directions. Their innovations form the foundation of development, and therefore, promoting innovation is a firm resolve of the State Government."

India has over 6 crore MSMEs, which contribute more than 30 per cent to the national GDP and account for nearly 45 per cent of the country's total exports, the CM said, emphasising that startups have played an unparalleled role in strengthening the Indian economy.

The Chief Minister added that under the guidance of Prime Minister Narendra Modi, startups and research across the country are now receiving unprecedented encouragement.

The youth of Madhya Pradesh are driving innovation. The State Government is encouraging innovation while addressing basic societal challenges, the CM said.

On the other hand, Madhya Pradesh MSME Minister Chaitanya Kashyap said that youth power can transform the world. Under the Startup Policy-2025, innovators are being encouraged, and entrepreneurs launching startups with new ideas are provided initial assistance of Rs 10,000 through incubation centres. Innovation is being promoted in agriculture, entrepreneurship and urban local bodies, making Madhya Pradesh a state of innovation and opportunity.

- ANI

Share this article:

Reader Comments

P
Priya S
Good step, but I hope the assistance reaches the genuine innovators and not just those with connections. Transparency in the selection process is key. Also, ₹10,000 initial assistance through incubation centres sounds very low in today's economy. It might cover registration fees, but real support needs to be more substantial.
V
Vikram M
As someone from Indore, it's great to see Bhopal hosting such summits. MP has huge potential beyond traditional industries. The MoU with Startup Middle East is interesting – could open doors for our startups in the Gulf. The real test will be how many of these 156 startups are still operational in 3 years. The government must provide continuous mentorship, not just one-time funds.
S
Sarah B
Promoting innovation in agriculture is crucial for a state like Madhya Pradesh. If startups can solve problems for farmers – from supply chain to tech-based solutions – that's where the real impact will be. Hope the booklet of successful startups inspires many more. Well done!
R
Rohit P
Bahut badhiya! 👏 This is the way forward. When governments actively support startups, it creates a positive ecosystem. Loans of ₹8.17 crore to 21 startups is a good start. The mention of our ancient trade understanding by the CM is so true – we have business in our DNA. Let's build a new India from the heart of India!
K
Karthik V
The numbers sound good on paper, but the average incentive is about ₹1.6 lakh per startup. While helpful, the bigger challenge for startups is navigating bureaucracy and getting timely payments from clients/government. Simpl

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50