Central GovernmentVerified
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.
Start date5 Oct 2022
Last verifiedToday
About This Scheme
The "Aatmanirbhar Gujarat Scheme for Assistance to Mega Industries" is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state's dynamic mega-industry sector, which significantly contributes to employment, GDP, and exports. Effective from October 5, 2022, to October 4, 2032, this initiative supports growth, investments, and the vision of "Aatmanirbhar Gujarat" and "Aatmanirbhar Bharat." The component "Assistance of Interest Subsidy" offers a fixed quantum of interest subsidy for new industrial setups or expansion projects, facilitating industrial investments and encouraging economic development.
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.
> Substantial Interest Reduction:
Eligibility
Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
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Required Documents
- ✦Attendance / Salary Register for the Last Month of Claim Period.
- ✦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.
- ✦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
OOnline
Quick Info
- Level
- Central Government
- Launched
- 5 Oct 2022