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Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy

The "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector" aims to provide incentives to attract increased investments in the manufacturing sector to create more employment opportunities in Gujarat.

Start date5 Oct 2022

Last verifiedToday

Official Source ↗

About This Scheme

The "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector" is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state's dynamic large-industry sector, which significantly contributes to employment, GDP, and exports. Effective from October 5, 2022, to October 4, 2027, this initiative supports growth, investments, and the vision of "Aatmanirbhar Gujarat" and "Aatmanirbhar Bharat." The component "Assistance of Interest Subsidy" provides financial support to large industrial undertakings by reimbursing a portion of the interest paid on term loans. This subsidy encourages industrial growth, expansion, and diversification by reducing borrowing costs for eligible projects.

Benefits

Category of Taluka	General	Thrust
Category 1	Interest subsidy @ 7% on Term Loan for 10 years upto 1% of eFCI p.a.	Interest subsidy @ 7% on Term Loan for 10 years upto 1.2% of eFCI p.a.
Category 2	Interest subsidy @ 7% on Term Loan for 8 years upto 1% of eFCI p.a.	Interest subsidy @ 7% on Term Loan for 10 years upto 1% of eFCI p.a.
Category 3	Interest subsidy @ 7% on Term Loan for 6 years upto 1% of eFCI p.a.	Interest subsidy @ 7% on Term Loan for 8 years upto 1% of eFCI p.a.

Note: List of Taluka categories.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Bank Certificate for the Claim Period.
✦
Bank/Financial Institute certified Term Loan Account statement for Claim Period.
✦
First Sale Bill (To be submitted with first claim only).
✦
Purchase bill, Sale bill, Electricity Bill for Last month of Claim Period.
✦
Attendance / Salary Register for the Last Month of Claim Period.
✦
Employment Statement for the Last Month of the claim Period in Prescribed Format.
✦
Details of Apprentice (If applicable).
✦
Valid Insurance Policy for Fixed Assets.
✦
In case other bank has taken over the remaining term-loan, then sanction letter of bank. (If Applicable).
✦
No due certificate from previous bank (in case of Take-over of Term Loan).
✦
Bank/Financial Institute certified Term Loan Account statement for take-over.
✦
Authority Letter duly certified with Board Resolution, Directors / Partners / Owner. (Authorised Person should be any Director/Partner/at-least Employee of the Company).
✦
Pan Card.
✦
Cancelled Cheque.

✦ Required ◦ Optional

How to Apply

OOnline

Registration Process:

Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "New Investor Registration" to access the registration form.

Step-2: Fill in the Registration Form. Click on "Submit".

Step-3: Verify the E-mail ID using the link sent on your registered E-mail ID.

Step-4: After verification, you will be registered successfully.

Post-Registration Process:

Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "Login".

Step-2: Enter the email address and password you used during registration.

Step-3: Click the "Login" button to access your account.

Step-4: Now fill in the required details and mandatory documents about your business to complete the application process.

Helpdesk: Contact Here

Quick Info

Level: Central Government
Launched: 5 Oct 2022