Scheme for Assistance to Micro, Small and Medium Enterprises (MSME): Assistance for Interest Subsidy (Manufacturing Sector)

About This Scheme

Benefits

Eligibility

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  The firm must be a Micro/Small/Medium enterprise.
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  The enterprise must be in the manufacturing sector.
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  The term loan must be sanctioned by a recognized Bank/Financial Institution (excluding NBFCs).
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  The enterprise must apply within one year of loan disbursement or before the commercial production starts.
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  The enterprise must remain operational for at least 7 years post-subsidy approval.
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  The enterprise must comply with pollution control measures.
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  Only one type of investment (Forward Integration, Backward Integration, Diversification, or Expansion) will be eligible for subsidy.

Required Documents

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  Printed copy of the application along with declaration and undertaking in the application form signed by an authorized person, including their designation and name with the enterprise's stamp.
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  Copy of acknowledgment of Udyog Aadhaar / Udyam Registration.
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  Copy of term loan sanction letter.
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  Copy of term loan account statement / bank certification of first disbursement certificate.
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  Copy of the constitution of the enterprise (registered partnership deed for partnerships).
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  Copy of DPR of the enterprise (for projects up to ₹5 crores); for projects above ₹5 crores, DIC will ask for a bank appraisal report.
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  Shop & Establishment Certificate (for service sector enterprises in municipal corporations).
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  Copy of GST registration (if applicable).
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  Copy of PAN card of the enterprise.
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  Copy of ITR for the last financial year showing plant & machinery value (new enterprises must submit a self-declaration for the first time).
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  Copy of birth certificate/school leaving certificate (for entrepreneurs under 35 years as of the bank loan sanction date).
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  Copy of caste certificate from a competent authority.
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  Copy of certificate for differently abled persons from a competent authority.
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  Copy of CTE issued by the GPCB (if applicable).
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  Self-certified/certified copy of documents such as 7/12 Utara, Namuna 6, copy of index, property card, etc. (any one).
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  NA permission (if applicable).
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  Copy of notarized rent deed (agreement) with the owner's proof/affidavit for ownership of land/property.
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  Copy of lease deed (agreement) with the owner's proof of ownership of land/property.
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  Copy of the property tax receipt (for service activities).
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  Board resolution for signing authority (in case of partnerships, LLPs, Pvt. Ltd., or Limited Companies).
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  Declaration and undertaking regarding other investments in Gujarat.
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  Annexure of the balance sheet showing the gross fixed capital investment of the previous financial year.
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  CA certificate showing the gross fixed capital investment before initiating expansion/diversification/forward or backward integration.

✦ Required ◦ Optional

How to Apply