Sarkari Yojana
Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Manufacturing Sector)
About Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Manufacturing Sector)
Launched by the Industries and Mines Department, Gujarat, “Dr.Babasaheb Ambedkar Udyog Uday Yojana” is an umbrella programme meant to energise the state’s lively MSME sector, which plays a large part in generating employment, GDP and exports. In force from August 7th, 2020 to August 6th, 2025, it backs SC/ST entrepreneurs and builds up MSMEs so they can compete globally. Through its “Assistance for Interest Subsidy (Manufacturing Sector)” component, manufacturing enterprises get relief on term loans in the form of an interest subsidy. Women entrepreneurs, differently-abled entrepreneurs, startups and young entrepreneurs aged below 35 years are entitled to extra benefits.
Scheme Overview
State Government
Business Entity
07 Aug 2020
Scheme Details
Eligibility Requirements
To qualify for Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Manufacturing Sector), applicants must satisfy the following conditions:
The applicant firm has to be a Micro/Small/Medium…
The applicant firm has to be a Micro/Small/Medium enterprise operated by an SC/ST entrepreneur.
It must qualify as a manufacturing enterprise
It must qualify as a manufacturing enterprise.
Its activities must fall within the manufacturing sector
Its activities must fall within the manufacturing sector.
The term loan needs to come from a…
The term loan needs to come from a recognized bank or financial institution.
Sanction of the loan must happen before the…
Sanction of the loan must happen before the enterprise begins commercial production.
Any solar/renewable energy plant set up by the…
Any solar/renewable energy plant set up by the enterprise has to be meant for captive consumption.
The enterprise itself must carry an interest burden…
The enterprise itself must carry an interest burden of at least 2% on the term loan.
The claim has to be filed within the…
The claim has to be filed within the prescribed timeline. Note:
SC/ST Enterprise:
An enterprise counts as an SC/ST Enterprise when the SC/ST entrepreneur's contribution in it is 51% or more.
Benefits Provided
Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Manufacturing Sector) provides the following benefits to eligible applicants:
Financial Assistance: The interest subsidy depends on the category of the taluka where the unit is located:
Category of Taluka:
Category I | Quantum of Incentive: 8% on the Term Loan, capped at ₹35,00,000/- per annum, for a period of 7 years
Category of Taluka:
Category II | Quantum of Incentive: 7% on the Term Loan, capped at ₹30,00,000/- per annum, for a period of 6 years
Category of Taluka:
Category III & Municipal Corporation Areas | Quantum of Incentive: 6% on the Term Loan, capped at ₹25,00,000/- per annum, for a period of 5 years
Documents Required
Applicants should keep the following documents ready before starting the application:
A printout of the application form, with the…
A printout of the application form, with the declaration and undertaking signed by an authorized person, showing that person's name and designation and bearing the enterprise's stamp.
The acknowledgment of Udyog Aadhaar / Udyam Registration…
The acknowledgment of Udyog Aadhaar / Udyam Registration (copy).
The sanction letter for the term loan (copy)
The sanction letter for the term loan (copy).
The term loan account statement or the bank's…
The term loan account statement or the bank's certificate confirming the first disbursement (copy).
Proof of the enterprise's constitution; partnerships must furnish…
Proof of the enterprise's constitution; partnerships must furnish the registered partnership deed.
The enterprise's DPR where the project costs up…
The enterprise's DPR where the project costs up to ₹5 crores; for projects exceeding ₹5 crores, the DIC will call for a bank appraisal report.
A Shop & Establishment Certificate, needed for service…
A Shop & Establishment Certificate, needed for service sector enterprises within municipal corporations.
GST registration (copy), where applicable
GST registration (copy), where applicable.
The enterprise's PAN card (copy)
The enterprise's PAN card (copy).
ITR of the previous financial year reflecting the…
ITR of the previous financial year reflecting the value of plant & machinery; a new enterprise filing for the first time may give a self-declaration instead.
A birth certificate or school leaving certificate (copy),…
A birth certificate or school leaving certificate (copy), for entrepreneurs below 35 years on the date the bank sanctioned the loan.
A caste certificate (copy) issued by a competent…
A caste certificate (copy) issued by a competent authority.
A disability certificate (copy) for differently abled persons,…
A disability certificate (copy) for differently abled persons, issued by a competent authority.
The CTE granted by the GPCB (copy), if…
The CTE granted by the GPCB (copy), if applicable.
Any one land/property record, self-certified or certified, such…
Any one land/property record, self-certified or certified, such as 7/12 Utara, Namuna 6, a copy of index or a property card.
NA permission, where applicable
NA permission, where applicable.
A notarized rent deed (agreement) together with the…
A notarized rent deed (agreement) together with the owner's proof or affidavit of ownership of the land/property.
A lease deed (agreement) along with the owner's…
A lease deed (agreement) along with the owner's proof of ownership of the land/property.
The property tax receipt (copy), for service activities
The property tax receipt (copy), for service activities.
A board resolution naming the signing authority, for…
A board resolution naming the signing authority, for partnerships, LLPs, Pvt. Ltd. or Limited Companies.
A declaration and undertaking about any other investments…
A declaration and undertaking about any other investments made in Gujarat.
The balance sheet annexure reflecting gross fixed capital…
The balance sheet annexure reflecting gross fixed capital investment for the previous financial year.
A CA certificate stating the gross fixed capital…
A CA certificate stating the gross fixed capital investment prior to starting expansion/diversification/forward or backward integration.
2020-08-07
How to Apply
Online Application
Applicants can apply for Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Manufacturing Sector) 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 sign-up form.
Step-2: Complete every field of the Registration Form, then press "Submit".
Step-3: Confirm your E-mail ID by clicking the verification link delivered to that registered address.
Step-4: Once verification is done, your registration is complete.
Post-Registration Process:
Step-1: Return to the Investor Facilitation Portal (IFP) portal and select "Login".
Step-2: Type in the email address and password you chose while registering.
Step-3: Press the "Login" button to open your account.
Step-4: Provide the requested business particulars and upload the mandatory documents to finish the application.
Helpdesk:
Contact Here.
Exclusions / Who Is Not Eligible
- Enterprises whose term loan is sanctioned after one year from the commencement of commercial production.
- Enterprises defaulting on loan repayments as per RBI and bank guidelines.
- Enterprises seeking reimbursement for penal interest or other bank charges.
- Enterprises availing interest subsidy under any Central Government scheme where the total subsidy exceeds the total interest paid.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.