Central GovernmentVerified
Scheme for assistance for Start Ups/ Innovation: Interest Subsidy
The "Scheme for Assistance for Start Ups/ Innovation" under the Gujarat Industrial Policy, aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions.
Start date7 Aug 2020
Last verifiedToday
About This Scheme
The "Scheme for Assistance for Start Ups/ Innovation" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Industrial Policy. Effective from August 7th, 2020 to August 6th, 2025, it aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions. The component "Interest Subsidy" provides financial support to startups with innovative ideas across various sectors. Startups approved under this scheme are eligible for an additional interest subsidy of 1%, up to a maximum of 9%, on term loans for MSME assistance.
Benefits
Financial Support: Interest subsidy of 1%, maximum up to 9% on term loans under the provisions of scheme for assistance to MSMEs.
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
- ✦Registration proof as a startup/innovator.
- ✦Detailed project proposal, including innovative idea/concept.
- ✦Recommendation letter from the approved Nodal Institution.
- ✦Financial details of the term loan availed.
- ✦Declaration of non-eligibility under other state startup schemes (if applicable).
- ✦Other documents as specified by the Nodal Institution.
✦ Required ◦ Optional
How to Apply
OOnline
Quick Info
- Level
- Central Government
- Launched
- 7 Aug 2020