What you get
- Financial Assistance: MSMEs can receive up to 30% of the total expenditure incurred for raising capital through SME Exchange with a maximum up to ₹5,00,000/-. - Support from GVFL: Gujarat Venture Finance Limited (GVFL) may take equity in enterprises registered with the SME Exchange.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the "Dr. Babasaheb Ambedkar Udyog Uday Yojana"?
It is a special scheme introduced under the Industrial Policy 2020 to provide financial assistance and support to Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs in the MSME sector.
What sectors are prioritized under the Industrial Policy 2020?
The policy prioritizes industries such as Auto and Auto Components, Chemicals and Petrochemicals, Pharmaceuticals, Cement, Textiles, Engineering, Gems and Jewellery, and Ceramics.
How does the scheme promote export competitiveness?
The scheme emphasizes "Vocal for Local to become Global," strengthening integrated value chains and encouraging MSMEs to enhance their export potential.
What is the duration of the scheme?
The scheme is effective from August 7, 2020, and will remain in operation until August 6, 2025.
What is the SME Exchange?
The SME Exchange is a stock exchange platform that allows small and medium enterprises (MSMEs) to raise equity capital from the public.
Who is eligible to apply for financial assistance under this scheme?
Any MSME that has successfully raised equity capital through an SME Exchange and meets the eligibility criteria can apply for assistance.
What percentage of expenses is reimbursed under this scheme?
The scheme reimburses up to 30% of the total expenditure incurred in raising funds through an SME Exchange, subject to a maximum limit of [?]5 lakh.
Is the financial assistance provided multiple times to the same enterprise?
No, financial assistance under this scheme is provided only once to an enterprise.
What is the deadline for submitting the application for assistance?
The enterprise must submit the application within one year from the date of listing on the SME Exchange.
What types of expenses are considered for reimbursement under this scheme?
The scheme covers expenses related to raising capital through an SME Exchange as per the approved guidelines.
Are there any restrictions on the type of MSMEs that can apply for this scheme?
The enterprise must qualify as an MSME on the date of listing, but there are no industry-specific restrictions.
Is it mandatory for GVFL to take equity in an enterprise applying for this scheme?
No, it is not mandatory for GVFL to take equity in an enterprise, but it has the option to do so for enterprises registered with the SME Exchange.