About this business scheme
The "Aatmanirbhar Gujarat Scheme for assistance to MSMEs" aims to empower the state's dynamic MSME sector, which significantly contributes to employment, GDP, and exports.
The "Aatmanirbhar Gujarat Scheme for MSMEs" 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 October 5, 2022, to October 4, 2027, this initiative supports growth, investments, and the vision of "Aatmanirbhar Gujarat" and "Aatmanirbhar Bharat."
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 at a glance
| Scheme name | Aatmanirbhar Gujarat Scheme for assistance to MSMEs: Assistance for Raising Capital through SME Exchange (AGMSMESMEE) |
|---|---|
| Launched by | Industries and Mines Department |
| Launch year | 2022 |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | State · Gujarat |
| Official portal | ifp.gujarat.gov.in (link at the end of this page) |
Key facts
| Scheme for | Infra |
|---|---|
| Application mode | Online |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Age | 18 to 60 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 60 years
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Financial Assistance: 25% of the expenditure incurred in raising funds through the SME Exchange, with a maximum of Rs. 5,00,000/-.
Who qualifies
- Micro/Small/Medium enterprises that raise equity capital through an SME Exchange are eligible for assistance under the scheme.
- The scheme is open to MSMEs
- The enterprise must have obtained acknowledgment or registration from the Ministry of MSME or the Department for Promotion of Industry and Internal Trade (DPIIT), as applicable.
- The enterprise must submit the application within one year of its listing date on the SME Exchange.
Who is not eligible
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Papers to keep ready
- 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.
Registration walkthrough
Online
Registration Process:
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 Here.
Important dates
| Launch / start | 05 Oct 2022 |
|---|
Terms used in this scheme
- New Enterprise
A New Enterprise means an enterprise set up by the MSME, that has commenced commercial production/ rendering of services during the operative period of the scheme, provided it satisfies the following conditions:
- The new enterprise should have obtained acknowledgment/ registration from the Ministry of MSME or DPIIT, as the case may be.
- The new enterprise should have separately identifiable fixed capital investments.
However, the enterprise will not lose its eligibility, if the utilities of an existing project, such as water, electricity, steam, gas, pollution control facilities, etc. are utilized.
- Existing Enterprise
An Existing Enterprise is an MSME that is in production/is rendering services before initiating the expansion/diversification. A new enterprise set up during the operative period of the scheme will be termed an existing enterprise about expansion/diversification.
- Gross Fixed Capital Investment (GFCI)
Gross Fixed Capital Investment means the investment made in building, plant and machinery, utilities, tools and equipment, and other assets (excluding Land) required for manufacturing the end product/ rendering of services. Assets acquired and paid for during the eligible investment period of the project under this scheme shall be considered for determining the gross fixed capital investment.
- Eligible Fixed Capital Investment (EFCI)
Eligible Fixed Capital Investment means following investments made on or after the date of issue of this GR and up to the last date of the eligible investment period
Frequently asked questions
What is the "Aatmanirbhar Gujarat Scheme for Assistance to MSMEs"?
The “Aatmanirbhar Gujarat Scheme for Assistance to MSMEs” is a state initiative designed to support and strengthen the MSME sector in Gujarat. It aims to enhance growth, encourage investments, and contribute to the vision of self-reliant Gujarat and India.
When is the scheme operative?
The scheme is operative from October 5, 2022, to October 4, 2027, covering a period of five years.
What are the objectives of the scheme?
The scheme aims to boost MSME growth, enhance the industrial ecosystem, encourage investments, and contribute to Gujarat’s and India’s self-reliance vision.
What are some initiatives included in the scheme?
The scheme includes the establishment of new industrial estates, sector-specific parks, and infrastructure projects, along with amendments to the Gujarat Industrial Policy 2020 to further support MSME growth.
Who is eligible to benefit from the scheme?
MSMEs established and operating within Gujarat are eligible to benefit from the scheme, as per the criteria defined in the policy framework.
What is the purpose of the "Assistance for Raising Capital through SME Exchange" component?
The scheme aims to support MSMEs in raising equity capital through the SME Exchange by providing financial assistance for related expenses.
How much financial assistance is provided under this scheme?
The scheme offers 25% of the expenditure incurred on raising capital through the SME Exchange, up to a maximum of Rs. 5,00,000/-.
What is the eligibility criteria for receiving assistance under this scheme?
The enterprise must successfully list on the SME Exchange and raise equity capital in accordance with the approved scheme. The application must be submitted within one year of the listing date.
Is there a deadline to apply for assistance?
Yes, the enterprise must submit the application within one year of its listing date on the SME Exchange.
Can an MSME apply for assistance if it has already raised capital prior to the scheme’s operative period?
No, assistance is only available for funds raised during the scheme's operative period.
Does an MSME need to maintain its MSME status throughout the process?
Yes, the MSME status of the enterprise will be considered based on the date of listing on the SME Exchange.
Can GVFL take equity in an MSME listed on the SME Exchange?
Yes, GVFL may take equity in enterprises that are registered with the SME Exchange.
Is the assistance provided as a one-time benefit?
Yes, the assistance is a one-time financial support provided after the successful raising of equity capital through the SME Exchange.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines 1 msmec.gujarat.gov.in (PDF)
- Guidelines 2 msmec.gujarat.gov.in (PDF)
- Online Application Portal ifp.gujarat.gov.in
- Document Checklist ic.gujarat.gov.in (PDF)
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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