Sarkari Yojana
Financial Assistance to Industrial Parks: Assistance on Fixed Capital Investment
About Financial Assistance to Industrial Parks: Assistance on Fixed Capital Investment
Under the Gujarat Industrial Policy, the Industries and Mines Department, Gujarat, launched “Financial Assistance to Industrial Parks” as an umbrella scheme, in force from August 7th, 2020 to August 6th, 2025, to spur industrial growth by funding industrial parks and clusters and bringing in modern technology and better facilities. Its “Assistance on Fixed Capital Investment” component promotes the creation of Industrial Parks by refunding part of the eligible fixed capital investment.
Scheme Overview
State Government
Business Entity
07 Aug 2020
Scheme Details
Eligibility Requirements
To qualify for Financial Assistance to Industrial Parks: Assistance on Fixed Capital Investment, applicants must satisfy the following conditions:
An Industries Association, or any enterprise registered…
An Industries Association, or any enterprise registered under the Societies Act, Partnership Act, Trust Act or Companies Act, or an SPV formed to set up an Industrial Park, can develop an Industrial Park under this scheme.
Benefits Provided
Financial Assistance to Industrial Parks: Assistance on Fixed Capital Investment provides the following benefits to eligible applicants:
Assistance in General Area:
25% of the eligible fixed capital investment, capped at ₹30,00,00,000/-.
Assistance in Vanbandhu Talukas:
50% of the eligible fixed capital investment for Industrial Parks, capped at ₹30,00,00,000/-.
Support for Residential Facilities:
Up to 25% of the construction cost of hostels or dormitories for domiciled workers, capped at ₹20,00,00,000/-.
Documents Required
Applicants should keep the following documents ready before starting the application:
For Registration:
Copy of the registration document constituting the Developer…
Copy of the registration document constituting the Developer Company/Firm.
(An Industries Association or any enterprise registered under…
(An Industries Association or any enterprise registered under the Societies Act, Partnership Act or Companies Act, or an SPV).
Copy of the Developer Company/Firm's PAN Card
Copy of the Developer Company/Firm's PAN Card.
7/12 extract of the Survey No
7/12 extract of the Survey No. of the land where the Industrial Park will come up.
Village Map of that land, with the Survey/Block…
Village Map of that land, with the Survey/Block Nos. highlighted.
Layout of the proposed Industrial Park, certified by…
Layout of the proposed Industrial Park, certified by an Approved Civil Engineer/Architect.
A Project Report
A Project Report.
A notarised affidavit in the Prescribed Format
A notarised affidavit in the Prescribed Format. For Approval:
Copy of the registration document constituting the Developer…
Copy of the registration document constituting the Developer Company/Firm (Industries Association or any enterprise registered under the Societies Act, Partnership Act or Companies Act, or an SPV).
Copy of the Developer Company/Firm's PAN Card
Copy of the Developer Company/Firm's PAN Card.
7/12 extract of the Survey No
7/12 extract of the Survey No. and 8A Khata details of the land for the Industrial Park.
Copy of the Sale Deed and Index-2 of…
Copy of the Sale Deed and Index-2 of the land bought for the Industrial Park.
Village Map of the land, with the Survey/Block…
Village Map of the land, with the Survey/Block Nos. highlighted.
Layout Plan of the proposed Industrial Park approved…
Layout Plan of the proposed Industrial Park approved by the concerned Govt. Authority.
A Detailed Project Report giving component-wise estimates based…
A Detailed Project Report giving component-wise estimates based on the prevailing SOR of the concerned Govt. Department or its undertakings, the features and scope of the Industrial Park, the benefits for industrial units to be set up, etc.
Net Worth of the Developer Company/Firm/Promoters, certified by…
Net Worth of the Developer Company/Firm/Promoters, certified by a CA.
Authority Letter or Board Resolution authorising signature for…
Authority Letter or Board Resolution authorising signature for the Developer Company/Firm (if applicable).
Particulars of any application to the Central Government…
Particulars of any application to the Central Government for incentives/assistance under a GOI scheme (Sanction Letter, Approval Letter, Disbursement, etc.).
A notarised affidavit in the Prescribed Format
A notarised affidavit in the Prescribed Format. For Claim:
Attested copy of the Sanction Letter, with the…
Attested copy of the Sanction Letter, with the Annexure of Land Details, issued by the Industries Commissionerate under the scheme.
A cancelled bank cheque and an attested copy…
A cancelled bank cheque and an attested copy of the Developer Company/Firm's PAN Card.
CA Certificate of expenditure incurred, in the prescribed…
CA Certificate of expenditure incurred, in the prescribed Format.
Component-wise CA-certified expenditure statements (components as listed in…
Component-wise CA-certified expenditure statements (components as listed in the Sanction Letter), in the prescribed Format.
Component-wise cost (components as listed in the Sanction…
Component-wise cost (components as listed in the Sanction Letter) based on the relevant SOR of the concerned Govt. Department or its undertakings, certified by an approved Chartered Engineer for the Claim Duration, in the prescribed Format.
TPQA (Third Party Quality Assurance) Certificate on the…
TPQA (Third Party Quality Assurance) Certificate on the quality of work done at the Industrial Park, from an agency on the approved/suggestive list of a Central/State Government department or Board/Corporation, in the prescribed Format.
Colour photographs of the infrastructure facilities developed
Colour photographs of the infrastructure facilities developed.
Project Completion Certificate for the Industrial Park from…
Project Completion Certificate for the Industrial Park from an approved Civil Engineer/Architect or TPQA (where the project is complete), in the prescribed Format.
Particulars of any application to the State Government…
Particulars of any application to the State Government for incentives/assistance under another GOG scheme for the same project (scheme, registration, sanction and approval details received under it, and component-wise assistance sanctioned or disbursed, if any).
Particulars of any application to the Central Government…
Particulars of any application to the Central Government for incentives/assistance under a GOI scheme for the same project (scheme, registration, sanction and approval details received under it, and component-wise assistance sanctioned or disbursed, if any).
A notarised affidavit for the claim in the…
A notarised affidavit for the claim in the Prescribed Format.
2020-08-07
How to Apply
Online Application
Applicants can apply for Financial Assistance to Industrial Parks: Assistance on Fixed Capital Investment through the online application process outlined below.
Application Process
Registration Process:
Step-1: Open the Investor Facilitation Portal (IFP) and click "New Investor Registration" to bring up the registration form.
Step-2: Complete the Registration Form and click "Submit".
Step-3: Confirm your E-mail ID through the link mailed to the registered address.
Step-4: Once verified, your registration is complete.
Post-Registration Process:
Step-1: Open the Investor Facilitation Portal (IFP) and click "Login".
Step-2: Type the email address and password used while registering.
Step-3: Click "Login" to enter your account.
Step-4: Provide the required business details and upload the mandatory documents to finish the application.
Helpdesk
:
Contact Here
Exclusions / Who Is Not Eligible
The following expenditures are ineligible for assistance under the scheme:
- Expenditure on the purchase of land and land development.
- Payments related to goodwill fees, commissioning fees, and royalty.
- Costs associated with preliminary and pre-operative expenses.
- Interest capitalized during the project.
- Costs for transportation equipment or vehicles.
- Payments for technical fees or consultant fees.
- Any expenditure on working capital or items not explicitly mentioned as eligible investments.
- Any other expenditure classified as ineligible by the State Level Empowered Committee (SLEC).
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.