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How Can Investors Easily Cancel Their Expression of Interest in Madhya Pradesh?

Investing in industrial development projects is an exciting venture, but sometimes circumstances change, and you might need to cancel your Expression of Interest (EOI). Madhya Pradesh Industrial Development Corporation (MPIDC) has streamlined this process to make it easy and efficient for investors. This blog will guide you through the steps to cancel your EOI and request a refund using the new Cancellation Module.

What is the EOI Cancellation Module?

The EOI Cancellation Module is a new feature introduced by MPIDC. It allows investors who have submitted their Expression of Interest to cancel their application. This module ensures a smooth cancellation process, providing investors with an automatic refund within three to four working days.

Step-by-Step Guide to Cancel Your EOI

Here is a simple, step-by-step guide to help you navigate through the EOI cancellation process:

Step 1: Investor Login

  1. Go to the MPIDC website and log in using your credentials.
  2. Once logged in, navigate to the "Expression of Interest" list from the left menu.

Step 2: Request for Cancellation

  1. In the Expression of Interest list, find your application and click on the 'Action Button' or your 'Application Number'.
  2. A PDF of your application will be displayed.

Step 3: Confirm Cancellation Request

  1. Click on the "Request for Cancellation" button located on the upper left corner of the screen.
  2. Confirm your cancellation request by clicking the "Yes" button. If you decide not to cancel, click the "Cancel" button.

Step 4: Refund Details

  1. You will see your basic details and refund amount on the screen.
  2. Provide the reason for your cancellation and proceed to the next step.

Step 5: Digital Signature

  1. A cancellation PDF document will be generated.
  2. Review the information in the PDF carefully.
  3. Digitally sign the document to finalize the cancellation request.

Step 6: Forwarding to Regional Office

  1. Once signed, your cancellation request will be forwarded to the respective regional office.
  2. The office will review and approve your request.

What Happens Next?

After the regional office approves your cancellation request, a refund voucher will be automatically generated. The refund amount will be credited to your account within three to four working days.

Conclusion

MPIDC's EOI Cancellation Module provides a straightforward and efficient process for investors needing to cancel their Expression of Interest. By following the steps outlined above, you can easily navigate the cancellation process and receive your refund promptly. This initiative by MPIDC ensures that investors have a hassle-free experience, reflecting the corporation's commitment to supporting industrial development in Madhya Pradesh.

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