Sarkari Yojana
Aatmanirbhar Gujarat Scheme for assistance to MSMEs: Assistance for Interest Subsidy to Micro, Small and Medium Enterprise (Manufacturing Sector)
About Aatmanirbhar Gujarat Scheme for assistance to MSMEs: Assistance for Interest Subsidy to Micro, Small and Medium Enterprise (Manufacturing Sector)
The “Aatmanirbhar Gujarat Scheme for MSMEs” is an umbrella scheme from the Industries and Mines Department, Gujarat, intended to give strength to the state’s energetic MSME sector, which contributes a great deal to employment, GDP and exports. Valid from October 5, 2022, to October 4, 2027, the initiative backs growth and investment as part of the vision of “Aatmanirbhar Gujarat” and “Aatmanirbhar Bharat.” Its “Assistance for Interest Subsidy to Micro, Small and Medium Enterprise (Manufacturing Sector)” component offers a subsidy on term-loan interest to help micro-enterprises engaged in manufacturing.
Scheme Overview
State Government
Business Entity
10 May 2022
Scheme Details
Eligibility Requirements
To qualify for Aatmanirbhar Gujarat Scheme for assistance to MSMEs: Assistance for Interest Subsidy to Micro, Small and Medium Enterprise (Manufacturing Sector), applicants must satisfy the following conditions:
The business has to be a Micro/Small/Medium enterprise
The business has to be a Micro/Small/Medium enterprise.
The enterprise needs acknowledgment or registration from the…
The enterprise needs acknowledgment or registration from the Ministry of MSME or the Department for Promotion of Industry and Internal Trade (DPIIT), whichever applies.
Both new enterprises and existing ones taking up…
Both new enterprises and existing ones taking up expansion or diversification can apply.
Commercial production or service delivery must start during…
Commercial production or service delivery must start during the scheme's operative period.
The online application must be filed within one…
The online application must be filed within one year of the first loan disbursement, the start of commercial production/services, or the GR issue date, whichever falls later.
The application has to reach before the scheme's…
The application has to reach before the scheme's last operative date.
Instalments and interest must be paid regularly to…
Instalments and interest must be paid regularly to the bank/financial institution.
Benefits Provided
Aatmanirbhar Gujarat Scheme for assistance to MSMEs: Assistance for Interest Subsidy to Micro, Small and Medium Enterprise (Manufacturing Sector) provides the following benefits to eligible applicants:
Financial Assistance The interest subsidy on the term loan is determined by the category of the taluka:
Category 1:
7% on the term loan, subject to a ceiling of ₹35,00,000/- per annum, for 7 years.
Category 2:
6% on the term loan, subject to a ceiling of ₹30,00,000/- per annum, for 6 years.
Category 3 & Municipal Corporation Areas:
5% on the term loan, subject to a ceiling of ₹25,00,000/- per annum, for 5 years.
Documents Required
Applicants should keep the following documents ready before starting the application:
A printout of the application, with the declaration…
A printout of the application, with the declaration and undertaking in the form signed by an authorised signatory, showing that person's name and designation and bearing the enterprise's seal.
Photocopy of the Udyog Aadhaar / Udyam Registration…
Photocopy of the Udyog Aadhaar / Udyam Registration acknowledgment.
Photocopy of the sanction letter for the term…
Photocopy of the sanction letter for the term loan.
Photocopy of the term loan account statement /…
Photocopy of the term loan account statement / bank's certificate of the first disbursement.
Photocopy of the enterprise's constitution document (a registered…
Photocopy of the enterprise's constitution document (a registered partnership deed in the case of partnerships).
Photocopy of the enterprise's DPR (where the project…
Photocopy of the enterprise's DPR (where the project is up to ₹5 crores); where the project exceeds ₹5 crores, the DIC will seek a bank appraisal report.
Shop & Establishment Certificate (applies to service sector…
Shop & Establishment Certificate (applies to service sector enterprises located in municipal corporations).
Photocopy of the GST registration (where applicable)
Photocopy of the GST registration (where applicable).
Photocopy of the enterprise's PAN card
Photocopy of the enterprise's PAN card.
Photocopy of the ITR for the previous financial…
Photocopy of the ITR for the previous financial year reflecting the value of plant & machinery (a new enterprise files a self-declaration the first time).
Photocopy of a birth certificate/school leaving certificate (for…
Photocopy of a birth certificate/school leaving certificate (for entrepreneurs below 35 years on the date the bank loan was sanctioned).
Photocopy of the caste certificate issued by a…
Photocopy of the caste certificate issued by a competent authority.
Photocopy of the disability certificate for differently abled…
Photocopy of the disability certificate for differently abled persons issued by a competent authority.
Photocopy of the CTE granted by the GPCB…
Photocopy of the CTE granted by the GPCB (where applicable).
Any one self-certified/certified land record, such as 7/12…
Any one self-certified/certified land record, such as 7/12 Utara, Namuna 6, copy of index, property card, etc.
NA permission (where applicable)
NA permission (where applicable).
Photocopy of a notarised rent deed (agreement) together…
Photocopy of a notarised rent deed (agreement) together with the owner's proof/affidavit of ownership of the land/property.
Photocopy of the lease deed (agreement) together with…
Photocopy of the lease deed (agreement) together with the owner's proof of ownership of the land/property.
Photocopy of the property tax receipt (for service…
Photocopy of the property tax receipt (for service activities).
Board resolution authorising the signatory (for partnerships, LLPs,…
Board resolution authorising the signatory (for partnerships, LLPs, Pvt. Ltd., or Limited Companies).
Declaration and undertaking about any other investments within…
Declaration and undertaking about any other investments within Gujarat.
Balance sheet annexure reflecting gross fixed capital investment…
Balance sheet annexure reflecting gross fixed capital investment for the previous financial year.
CA certificate reflecting gross fixed capital investment prior…
CA certificate reflecting gross fixed capital investment prior to starting expansion/diversification/forward or backward integration.
2022-05-10
How to Apply
Online Application
Applicants can apply for Aatmanirbhar Gujarat Scheme for assistance to MSMEs: Assistance for Interest Subsidy to Micro, Small and Medium Enterprise (Manufacturing Sector) through the online application process outlined below.
Application Process
Registration Process:
Step-1: Start at the Investor Facilitation Portal (IFP) portal, where clicking "New Investor Registration" brings up the registration form.
Step-2: Enter the details asked for in the Registration Form and click "Submit" when done.
Step-3: Go to your registered E-mail ID and click the link provided to verify the E-mail ID.
Step-4: Verification completes the process and you are registered successfully.
Post-Registration Process:
Step-1: Start at the Investor Facilitation Portal (IFP) portal and click "Login".
Step-2: Enter the same email address and password used at the time of registration.
Step-3: Clicking the "Login" button takes you into your account.
Step-4: Fill in your enterprise's details and upload the mandatory documents to close out the application.
Helpdesk:
Contact Us.
Exclusions / Who Is Not Eligible
- Enterprises that have availed incentives for the same GFCI under any other state government scheme or agency are ineligible unless specifically allowed.
- Enterprises with term loans sanctioned more than one year after starting commercial production/services are ineligible.
- Enterprises defaulting on loan repayments will not receive interest subsidies for the default period.
- Enterprises seeking reimbursement for penal interest or other charges are ineligible for such claims.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.