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Aatmanirbhar Gujarat Scheme for Assistance to Mega Industries: Assistance of Interest Subsidy
The Aatmanirbhar Gujarat Scheme for Assistance to Mega Industries aims to strengthen the overall industrial ecosystem in the State and also enable a larger set of manufacturing companies to emulate the adoption of clean energy and make them future-ready to compete in global markets.
About This Scheme
Benefits
- Interest Subsidy: @7% on the term loan.
- Capped Amount: A maximum of 1.2% of eligible fixed capital investment per annum for 10 years.
Eligibility
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The mega industry must operate as a manufacturing unit.
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The unit must have a minimum investment of INR 2,500 crore in plant and machinery.
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The unit must provide direct employment to at least 2,500 persons.
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The unit must belong to one of the thrust sectors as defined in the [Guidelines](https://cmogujarat.gov.in/sites/default/files/2023-01/AatmaNirbhar-GujaratIndustrial-Policy0.pdf) (Refer Page No. 9). 1. New industrial units or expansion projects are eligible.
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Units must avail of term loans for fixed capital investment from recognized financial institutions.
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The unit must bear at least 2% interest on term loans, even if availing of other subsidies.
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Units must ensure regular repayment of loan installments.
Required Documents
- ✦Bank Certificate for the Claim Period.
- ✦Bank/Financial Institute certified Term Loan Account statement for Claim Period.
- ✦IEM Part – B /IL /LOP of Industrial Undertaking.
- ✦To be submitted in first claim only.
- ✦Valid CCA obtained from GPCB (if applicable).
- ✦First Sale Bill.
- ✦To be submitted in first claim only.
- ✦Purchase bill, Sale bill, and 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.
- ✦No due Certificate from Previous Bank (in case of Take-over of Term Loan).
- ✦Bank Sanction Letter from Bank taken over the Term Loan (If Applicable).
- ✦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).
- ✦Copy of Pan Card (To be submitted in first claim only).
- ✦Copy of Cancelled Cheque (To be submitted in first claim only).
✦ Required ◦ Optional
How to Apply
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 Us.Quick Info
- Level
- Central Government
- Launched
- 5 Oct 2022
Available In
Categories
Data Sources
- https://www.myscheme.gov.in/schemes/agsmais ↗Accessed Today
- https://www.myscheme.gov.in/schemes/agsmais ↗Accessed 8 days ago
- https://www.myscheme.gov.in/schemes/agsmais ↗Accessed 15 days ago
- https://www.myscheme.gov.in/schemes/agsmais ↗Accessed 23 days ago
- https://www.myscheme.gov.in/schemes/agsmais ↗Accessed 1 months ago
- https://www.myscheme.gov.in/schemes/agsmais ↗Accessed 1 months ago
- https://www.myscheme.gov.in/schemes/agsmais ↗Accessed 1 months ago
