Central GovernmentVerified

Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Raising Capital through SME Exchange

The scheme "Dr.Babasaheb Ambedkar Udyog Uday Yojana" aims to support SC/ST entrepreneurs and strengthen MSMEs, making them globally competitive.

Start date7 Aug 2020

Last verifiedToday

Official Source ↗

About This Scheme

The scheme "Dr.Babasaheb Ambedkar Udyog Uday Yojana" is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state's dynamic MSME sector, which significantly contributes to employment, GDP, and exports. Effective from August 7th, 2020 to August 6th, 2025, this initiative supports SC/ST entrepreneurs and strengthens MSMEs, making them globally competitive. The component "Assistance for Raising Capital through SME Exchange" aims to help MSMEs raise equity capital by listing on SME Exchanges. It provides financial assistance to MSMEs for expenses incurred in this process, encouraging them to explore funding options through the capital markets.

Benefits

₹5.0 L

Financial Assistance: MSMEs can receive up to 30% of the total expenditure incurred for raising capital through SME Exchange with a maximum up to ₹5,00,000/-.
Support from GVFL: Gujarat Venture Finance Limited (GVFL) may take equity in enterprises registered with the SME Exchange.

Eligibility

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

Required Documents

✦
Constitution of Enterprise (Memorandum & Articles of Association).
✦
Board Resolution regarding Authorized Signatory.
✦
Copy of Udyam/IEM/LOI Registration certificate.
✦
Copy of SME Exchange Registration Listing related letter by BSE/NSE/SME Exchange.
✦
Copy of GST Registration.
✦
Copy of Public Issue Boucher/prospectus.
✦
Expenditure Statement on Letter Head.
✦
CA Certificate regarding MSME status as per MSMED act-2006 as on listing date.
✦
Audited Balance Sheet of last financial year/Annual Report.
✦
CA Certificate of expenditure statement for equity raise through SME Exchange with total and subtotal Headwise.
✦
Copy of Bills for Expenditure incurred.
✦
Payment Highlighted Bank Statement.
✦
Copy of Self Certified Share Holding Pattern (if applicable).
✦
Latest Electricity Bill.
✦
Cancelled Cheque of the Enterprise.
✦
Copy of Pan card of the Enterprise and Promoters/partners/directors, and Authorised Signatory.
✦
Undertaking in Prescribed Format.
✦
Copy of GPCB approvals (if applicable).
✦
Other details if any.

✦ Required ◦ Optional

How to Apply

OOnline

Quick Info

Level: Central Government
Max benefit: ₹5.0 L
Launched: 7 Aug 2020