What you get
Financial Assistance | Category of TalukaQuantum of Incentive Category 1 25% of term loan amount upto ₹35,00,000/-.Category 220% of term loan amount upto ₹30,00,000/-.Category 3 & Municipal 10% of term loan amount upto INR 10 lakhs. Corporation Areas 10% of term loan amount upto ₹10,00,000/-.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the "Aatmanirbhar Gujarat Scheme for Assistance to MSMEs"?
The Aatmanirbhar Gujarat Scheme for Assistance to MSMEs is a state initiative designed to support and strengthen the MSME sector in Gujarat. It aims to enhance growth, encourage investments, and contribute to the vision of self-reliant Gujarat and India.
When is the scheme operative?
The scheme is operative from October 5, 2022, to October 4, 2027, covering a period of five years.
What are the objectives of the scheme?
The scheme aims to boost MSME growth, enhance the industrial ecosystem, encourage investments, and contribute to Gujarat's and India's self-reliance vision.
What are some initiatives included in the scheme?
The scheme includes the establishment of new industrial estates, sector-specific parks, and infrastructure projects, along with amendments to the Gujarat Industrial Policy 2020 to further support MSME growth.
Who is eligible to benefit from the scheme?
MSMEs established and operating within Gujarat are eligible to benefit from the scheme, as per the criteria defined in the policy framework.
What is the component "Assistance of Capital Investment Subsidy to Micro Enterprises"?
The component provides a capital investment subsidy to support micro-enterprises in manufacturing, aiding their growth and expansion by reducing their capital investment burden.
Who can apply for the scheme?
The scheme is open to new manufacturing enterprises or existing enterprises that are undertaking expansion or diversification, provided they commence commercial production during the operative period (October 5, 2022, to October 4, 2027).
How is the capital investment subsidy amount determined?
The subsidy is determined based on the lower of the Gross Fixed Capital Investment (GFCI) made in the project or the cost appraised by a bank or financial institution.
What is the maximum subsidy available under the scheme?
The subsidy varies by taluka category: | Category 1: 25% of the term loan amount, up to [?]35,00,000 | Category 2: 20% of the term loan amount, up to [?]30,00,000 | Category 3 & Municipal Corporation Areas: 10% of the term loan amount, up to [?]10,00,000
What are the exclusions under the scheme?
Enterprises that have already availed incentives for the same GFCI under any other state government scheme or agency are ineligible unless explicitly allowed.
Is there a deadline for submitting the application?
Applications must be submitted online within one (1) year of the first loan disbursement, the date of commercial production commencement, or the GR issue date, whichever is later, but before the scheme's operative period ends.
When will the capital investment subsidy be disbursed?
The subsidy will be disbursed only after the enterprise has commenced commercial production.
Can an enterprise apply if the term loan is sanctioned after one year of commercial production?
Enterprises whose term loans are sanctioned more than one year after the commencement of commercial production are not eligible for the subsidy.
Is there a limit on the combined subsidy from state and central government schemes?
Yes, if an enterprise is availing a capital investment subsidy under a central government scheme, the combined subsidy from both state and central governments must not exceed the total loan amount disbursed by banks or financial institutions.
Can existing enterprises apply if they are undertaking expansion or diversification?
Yes, existing enterprises that undertake expansion or diversification and commence commercial production during the scheme's operative period are eligible to apply.
What should enterprises do if they have already availed subsidies under another state government scheme?
Enterprises that have availed incentives for the same GFCI under any other state government scheme or agency are not eligible, unless explicitly allowed.