What you get
- Financial Support: Reimbursement of 65% of rent paid, up to ₹1,00,000/- per annum. - Long-term Assistance: Available for a maximum period of 5 years.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)"?
The "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)" aims to position Gujarat as a global business destination by promoting sustainable manufacturing, inclusive development, and balanced regional growth.
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 objective of the component "Assistance in Rent to MSEs"?
The component "Assistance in Rent to MSEs" provides financial assistance to Micro and Small Enterprises (MSEs) that have acquired a rented or leased shed for manufacturing activities.
Who can apply for this assistance?
Any Micro or Small Enterprise (MSE) engaged in manufacturing activities and operating from a legally rented or leased shed is eligible to apply.
What percentage of rent is reimbursed under this scheme?
The scheme provides reimbursement of 65% of the rent paid by the enterprise, subject to a maximum limit of [?]1,00,000/- per annum.
For how many years can an enterprise receive this assistance?
The assistance is available for a maximum period of 5 years.
When does the rent assistance become applicable?
The assistance is provided from the date of the rent deed or three months before the start of production, whichever is later.
Are enterprises engaged in service or trading activities eligible for this assistance?
No, only manufacturing enterprises are eligible, while service and trading businesses are not covered under the scheme.
Is it mandatory for the manufacturing unit to consume electricity or power?
Yes, the enterprise must be consuming electricity or power as part of its manufacturing activities to qualify for the assistance.