Sarkari Yojana
Aatmanirbhar Gujarat Scheme for Assistance to Mega Industries: Assistance of Interest Subsidy
About Aatmanirbhar Gujarat Scheme for Assistance to Mega Industries: Assistance of Interest Subsidy
Launched by the Industries and Mines Department, Gujarat, the “Aatmanirbhar Gujarat Scheme for Assistance to Mega Industries” is an umbrella programme meant to strengthen the state’s vibrant mega-industry base, a major driver of jobs, GDP and exports. In force from October 5, 2022, to October 4, 2032, it backs expansion and fresh investment in line with the goals of “Aatmanirbhar Gujarat” and “Aatmanirbhar Bharat.” Under its “Assistance of Interest Subsidy” component, a fixed level of interest subsidy is given for new industrial units or expansion projects, making industrial investment easier and spurring economic growth.
Scheme Overview
State Government
Business Entity
05 Oct 2022
Scheme Details
Eligibility Requirements
To qualify for Aatmanirbhar Gujarat Scheme for Assistance to Mega Industries: Assistance of Interest Subsidy, applicants must satisfy the following conditions:
The mega industry has to be a manufacturing…
The mega industry has to be a manufacturing unit.
Investment in plant and machinery must be at…
Investment in plant and machinery must be at least INR 2,500 crore.
The unit has to directly employ no fewer…
The unit has to directly employ no fewer than 2,500 persons.
The unit must fall under a thrust sector…
The unit must fall under a thrust sector as listed in the Guidelines (Refer Page No. 9). 1. Both new industrial units and expansion projects qualify.
Term loans for fixed capital investment must be…
Term loans for fixed capital investment must be taken from recognised financial institutions.
Even when drawing other subsidies, the unit must…
Even when drawing other subsidies, the unit must itself pay a minimum of 2% interest on its term loans.
Loan instalments must be repaid on schedule
Loan instalments must be repaid on schedule.
Benefits Provided
Aatmanirbhar Gujarat Scheme for Assistance to Mega Industries: Assistance of Interest Subsidy provides the following benefits to eligible applicants:
Substantial Interest Reduction:
Interest Subsidy:
The term loan attracts a subsidy of 7% on interest.
Capped Amount:
For a period of 10 years, the support is limited to at most 1.2% of the eligible fixed capital investment each year.
Documents Required
Applicants should keep the following documents ready before starting the application:
Certificate from the bank covering the Claim Period
Certificate from the bank covering the Claim Period.
Term Loan Account statement for the Claim Period,…
Term Loan Account statement for the Claim Period, certified by the Bank/Financial Institute.
IEM Part – B /IL /LOP of the…
IEM Part – B /IL /LOP of the Industrial Undertaking.
Needed with the first claim only
Needed with the first claim only.
Valid CCA issued by GPCB (where applicable)
Valid CCA issued by GPCB (where applicable).
Bill of the unit's first sale
Bill of the unit's first sale.
Needed with the first claim only
Needed with the first claim only.
Purchase bill, Sale bill and Electricity Bill for…
Purchase bill, Sale bill and Electricity Bill for the final month of the Claim Period.
Attendance / Salary Register covering the final month…
Attendance / Salary Register covering the final month of the Claim Period.
Statement of employment for the final month of…
Statement of employment for the final month of the Claim Period in the Prescribed Format.
Particulars of apprentices (where applicable)
Particulars of apprentices (where applicable).
Current Insurance Policy covering Fixed Assets
Current Insurance Policy covering Fixed Assets.
No due Certificate issued by the earlier bank…
No due Certificate issued by the earlier bank (where the Term Loan has been taken over).
Sanction Letter from the bank that took over…
Sanction Letter from the bank that took over the Term Loan (where applicable).
Term Loan Account statement for the take-over, certified…
Term Loan Account statement for the take-over, certified by the Bank/Financial Institute.
Authority Letter certified with a Board Resolution, signed…
Authority Letter certified with a Board Resolution, signed by Directors / Partners / Owner. (The Authorised Person must be a Director/Partner/at-least Employee of the Company).
Photocopy of the Pan Card (needed with the…
Photocopy of the Pan Card (needed with the first claim only).
Photocopy of a Cancelled Cheque (needed with the…
Photocopy of a Cancelled Cheque (needed with the first claim only).
2022-10-05
How to Apply
Online Application
Applicants can apply for Aatmanirbhar Gujarat Scheme for Assistance to Mega Industries: Assistance of Interest Subsidy through the online application process outlined below.
Application Process
Registration Process:
Step-1: Open the Investor Facilitation Portal (IFP) portal and choose "New Investor Registration" to bring up the registration form.
Step-2: Complete the Registration Form and press "Submit".
Step-3: Confirm your E-mail ID by clicking the link mailed to your registered E-mail ID.
Step-4: Once confirmed, your registration is complete.
Post-Registration Process:
Step-1: Return to the Investor Facilitation Portal (IFP) portal and choose "Login".
Step-2: Type in the email address and password set up at registration.
Step-3: Press the "Login" button to open your account.
Step-4: Enter the business details asked for and upload the mandatory documents to finish the application.
Helpdesk:
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Official Application & Website
Verify the latest eligibility, dates and instructions before applying.