Back to Schemes
Business & Entrepreneurship

Scheme for Assistance to Micro, Small and Medium Enterprises (MSME): Assistance for Technology Acquisition

The "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)" launched by the Industries and Mines Department aims to position Gujarat as a global business hub, promoting sustainable manufacturing, MSME growth, and export competitiveness.

Authority

State/ UT

Region

Gujarat

Status

Verified 2026

Updated

March 2026

What you get

- Financial Support: 65% of the technology acquisition cost, up to ₹50,00,000/-, is covered.1. Royalty Payment Assistance: Includes support for royalty payments for the first 2 years.

Who can apply

The firm must be a Micro/Small/Medium enterprise.; The technology must be acquired from a recognized institution or technology provider.; The applicant must obtain prior approval from the MSME Commissionerate within one year of signing the MoU.; The technology should be related to product or process improvement.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Can an enterprise apply if the technology has already been purchased?

No, enterprises must obtain prior approval before acquiring the technology to be eligible for financial assistance.

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 for Technology Acquisition"?

The component " Assistance for Technology Acquisition" supports enterprises in acquiring appropriate technology from recognized institutions for product or process improvement.

Who is eligible to apply for this component?

Any new or existing enterprise that acquires technology from a recognized institution for product or process improvement is eligible to apply.

What percentage of the technology acquisition cost is covered under the scheme?

The scheme provides financial assistance covering 65% of the technology acquisition cost, up to a maximum of [?]50,00,000/-, including royalty payments for the first 2 years.

Can an enterprise use the assistance to purchase plant and machinery?

No, the assistance is strictly for acquiring technology and does not cover the purchase of plant, machinery, or equipment.

Is it necessary for an enterprise to obtain prior approval before applying?

Yes, prior approval from the MSME Commissionerate must be obtained within one year of signing the MoU/agreement/contract with the technology provider.

What types of technologies are eligible for assistance under this scheme?

The scheme supports technologies that improve products or processes, including patented technologies from both Indian and foreign companies.

Are startups eligible to apply for this scheme?

Yes, startups that meet the eligibility criteria can apply for assistance under this scheme.

Is there any restriction on the technology provider?

Yes, the technology provider must be a recognized institution or a company offering patented technology.

Can an enterprise apply for assistance if it has already been in operation for several years?

Yes, both new and existing enterprises are eligible for assistance under this scheme.

Will an enterprise receive assistance for a technology licensing agreement?

Yes, technology licensing agreements from recognized institutions are eligible for assistance under this scheme.