Sarkari Yojana
Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy
About Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy
Gujarat’s Industries and Mines Department launched the “Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector” as an umbrella scheme that aims to strengthen the state’s dynamic large-industry sector, a significant source of jobs, GDP and exports. Operating from October 5, 2022, to October 4, 2027, it encourages investment and growth in support of “Aatmanirbhar Gujarat” and “Aatmanirbhar Bharat.” The “Assistance of Interest Subsidy” component helps large industrial undertakings financially by paying back part of the interest charged on their term loans. By lowering the cost of borrowing for qualifying projects, it promotes industrial growth, expansion and diversification.
Scheme Overview
State Government
Business Entity
05 Oct 2022
Scheme Details
Eligibility Requirements
To qualify for Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy, applicants must satisfy the following conditions:
Both new large industrial undertakings and existing ones…
Both new large industrial undertakings and existing ones carrying out expansion and/or diversification can benefit under this scheme.
The large industrial undertaking must hold the relevant…
The large industrial undertaking must hold the relevant acknowledgment/registration from DPIIT, as the case may be.
Commercial production must begin within the scheme's operative…
Commercial production must begin within the scheme's operative period.
Benefits Provided
Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy provides the following benefits to eligible applicants:
Interest subsidy on the term loan depends on the category of the taluka where the unit is located and on whether it is a General or a Thrust-sector unit:
Category 1 talukas:
General units receive a 7% interest subsidy on the term loan for 10 years, capped at 1% of eFCI per annum; Thrust-sector units receive a 7% interest subsidy on the term loan for 10 years, capped at 1.2% of eFCI per annum.
Category 2 talukas:
General units receive a 7% interest subsidy on the term loan for 8 years, capped at 1% of eFCI per annum; Thrust-sector units receive a 7% interest subsidy on the term loan for 10 years, capped at 1% of eFCI per annum.
Category 3 talukas:
General units receive a 7% interest subsidy on the term loan for 6 years, capped at 1% of eFCI per annum; Thrust-sector units receive a 7% interest subsidy on the term loan for 8 years, capped at 1% of eFCI per annum. Note: The categorisation of talukas is available in the List of Taluka categories.
Documents Required
Applicants should keep the following documents ready before starting the application:
Bank-issued certificate relating to the Claim Period
Bank-issued certificate relating to the Claim Period.
Term Loan Account statement for the Claim Period…
Term Loan Account statement for the Claim Period bearing certification of the Bank/Financial Institute.
Invoice of the First Sale (needed only with…
Invoice of the First Sale (needed only with the first claim).
Purchase bill, Sale bill and Electricity Bill pertaining…
Purchase bill, Sale bill and Electricity Bill pertaining to the last month of the Claim Period.
Attendance / Salary Register relating to the last…
Attendance / Salary Register relating to the last month of the Claim Period.
Employment Statement for that last month of the…
Employment Statement for that last month of the Claim Period, in the Prescribed Format.
Information on apprentices engaged (where applicable)
Information on apprentices engaged (where applicable).
An active Insurance Policy for Fixed Assets
An active Insurance Policy for Fixed Assets.
Sanction letter of the new bank, where another…
Sanction letter of the new bank, where another bank has taken over the outstanding term-loan (where applicable).
No due certificate of the earlier bank (when…
No due certificate of the earlier bank (when the Term Loan has been taken over).
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 through a Board Resolution by…
Authority Letter certified through a Board Resolution by Directors / Partners / Owner. (Any Director/Partner/at-least Employee of the Company may be the Authorised Person).
PAN card of the undertaking
PAN card of the undertaking.
One cancelled cheque
One cancelled cheque.
2022-10-05
How to Apply
Online Application
Applicants can apply for Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy through the online application process outlined below.
Application Process
Registration Process:
Step-1: Log on to the Investor Facilitation Portal (IFP) portal; selecting "New Investor Registration" displays the registration form.
Step-2: Fill the Registration Form with accurate details and then submit it by clicking "Submit".
Step-3: A link is sent to your registered E-mail ID; clicking it completes verification of the E-mail ID.
Step-4: When verification is over, your account is registered successfully.
Post-Registration Process:
Step-1: Log on to the Investor Facilitation Portal (IFP) portal and click "Login".
Step-2: Supply the email address and password you registered with.
Step-3: Your account opens once you click the "Login" button.
Step-4: To complete the application, furnish the necessary business details and upload the mandatory documents.
Helpdesk
:
Contact Here
Exclusions / Who Is Not Eligible
- A large industrial undertaking that has received any incentive for the same Gross Fixed Capital Investment (eFCI) under any state government scheme or its agency will not be eligible unless specifically stated.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.