Madhya Pradesh Chief Minister Dr Mohan Yadav distributed Rs 490 crore to 950 MSME units on the state's Foundation Day on Sunday, November 1, at a ceremony in Bhopal, along with Rs 1.50 crore to more than 100 startups. The Chief Minister's Office of Madhya Pradesh announced the disbursement on X, framing it as 'support for enterprises, encouragement for innovation.'

Source: Nation Press

The money is a grant under the Madhya Pradesh MSME Development Policy and is sent out by a single-click transfer. It is the state's biggest such disbursement yet, both in amount and in the number of units covered. The startup support of about Rs 1.5 crore for more than 100 startups comes under the Madhya Pradesh Startup Policy 2025.

Source: StartupFeed

Rs 490 croreGrant distributed to MSME units
950MSME units covered
Rs 1.50 croreSupport for more than 100 startups

Units behind the numbers

MSME Minister Chaitanya Kumar Kashyap said the 950 units receiving the grant have invested over Rs 7,000 crore between them and support more than 17,000 direct and indirect jobs. Spread across 950 units, the Rs 490 crore works out to roughly Rs 51.5 lakh per enterprise on average.

Source: StartupFeed

At the same event, five entrepreneurs received land allotment intent letters, and four others received loan cheques under the Mukhyamantri Udyam Kranti Yojana, the state loan scheme for new founders.

Source: StartupFeed

Madhya Pradesh was formed on November 1, 1956, under the States Reorganisation Act, and the state government used this year's Foundation Day to make the disbursement its headline economic announcement. Whether the support translates into expanded capacity at the beneficiary units will be visible in the state's subsequent economic reporting.

Source: Nation Press