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 of Capital Investment Subsidy to Micro enterprises" provides a capital investment subsidy to support micro-enterprises in manufacturing.
Benefits at a glance
| Scheme name | Aatmanirbhar Gujarat Scheme for assistance to MSMEs: Assistance of Capital Investment Subsidy to Micro enterprises (AGMSMECIS) |
|---|---|
| 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
| Category of Taluka | Quantum of Incentive |
| Category 1 | 25% of term loan amount upto Rs. 35,00,000/-. |
| Category 2 | 20% of term loan amount upto Rs. 30,00,000/-. |
| Category 3 & Municipal 10% of term loan amount upto INR 10 lakhs. Corporation Areas | 10% of term loan amount upto Rs. 10,00,000/-. |
Who qualifies
- The firm must be a Micro/Small/Medium enterprise.
- 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 be a new manufacturing enterprises or existing enterprises undertaking expansion or diversification.
- The enterprises should have commenced commercial production during the operative period (October 5, 2022, to October 4, 2027).
- Applications must be submitted online within one (1) year of the first loan disbursement date, the date of commercial production commencement, or the GR issue date, whichever is later, and before the scheme's last operative date.
Who is not eligible
- Enterprises that have availed incentives for the same GFCI under any other state government scheme or agency are ineligible unless explicitly allowed.
- Applications submitted after one year from the relevant dates (loan disbursement, production commencement, or GR issue date) will not be considered.
- Enterprises whose term loans are sanctioned more than one year after the commencement of commercial production are ineligible for the subsidy.
Note:
Ineligible Capital Expenditure/ Assets: The following expenditure shall not be considered for calculating the eligible fixed capital investment:
- Land and Land development cost.
- Working capital.
- Goodwill.
- Royalty.
- Preliminary and pre-operative expenses.
- Indigenous second-hand plant and machinery.
- Interest capitalized.
- Power generation, except for captive use.
- Rented or leased property.
Papers to keep ready
- 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.
- Copy of acknowledgment of Udyog Aadhaar / Udyam Registration.
- Copy of term loan sanction letter.
- Copy of term loan account statement / bank certification of first disbursement certificate.
- Copy of the constitution of the enterprise (registered partnership deed for partnerships).
- Copy of DPR of the enterprise (for projects up to Rs. 5 crores); for projects above Rs. 5 crores, DIC will ask for a bank appraisal report.
- Shop & Establishment Certificate (for service sector enterprises in municipal corporations).
- Copy of GST registration (if applicable).
- Copy of PAN card of the enterprise.
- Copy of ITR for the last financial year showing plant & machinery value (new enterprises must submit a self-declaration for the first time).
- Copy of birth certificate/school leaving certificate (for entrepreneurs under 35 years as of the bank loan sanction date).
- Copy of caste certificate from a competent authority.
- Copy of certificate for differently abled persons from a competent authority.
- Copy of CTE issued by the GPCB (if applicable).
- Self-certified/certified copy of documents such as 7/12 Utara, Namuna 6, copy of index, property card, etc. (any one).
- NA permission (if applicable).
- Copy of notarized rent deed (agreement) with the owner's proof/affidavit for ownership of land/property.
- Copy of lease deed (agreement) with the owner's proof of ownership of land/property.
- Copy of the property tax receipt (for service activities).
- Board resolution for signing authority (in case of partnerships, LLPs, Pvt. Ltd., or Limited Companies).
- Declaration and undertaking regarding other investments in Gujarat.
- Annexure of the balance sheet showing the gross fixed capital investment of the previous financial year.
- CA certificate showing the gross fixed capital investment before initiating expansion/diversification/forward or backward integration.
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
- Micro, Small and Medium enterprise
For the purpose of eligibility under this scheme, a Micro, Small or Medium enterprise means an enterprise which has fixed capital investment made in Plant and Machinery as per following:
- Micro: Less than or equal to INR 1 crore
- Small: More than INR 1 crore and less than or equal to INR 10 crore
- Medium: More than INR 10 crore and less than or equal to INR 50 crore
The enterprise must have obtained acknowledgement/ registration from Ministry of MSME or DPIIT, as the case may be.
- 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 acknowledgement/ registration from Ministry of MSME or DPIIT, as the case may be.
- The new enterprise should have separately identifiable fixed capital investment.
However, the enterprise will not lose its eligibility, if the utilities of an existing project, such as for water, electricity, steam, gas, pollution control facilities etc. are utilized.
- Existing Enterprise
An Existing Enterprise means 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 as existing enterprise in reference to the 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 upto 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 component "Assistance of Capital Investment Subsidy to Micro Enterprises"?
The component provides a capital investment subsidy to support micro-enterprises in manufacturing, aiding their growth and expansion by reducing their capital investment burden.
Who can apply for the scheme?
The scheme is open to new manufacturing enterprises or existing enterprises that are undertaking expansion or diversification, provided they commence commercial production during the operative period (October 5, 2022, to October 4, 2027).
How is the capital investment subsidy amount determined?
The subsidy is determined based on the lower of the Gross Fixed Capital Investment (GFCI) made in the project or the cost appraised by a bank or financial institution.
What is the maximum subsidy available under the scheme?
The subsidy varies by taluka category:
Category 1: 25% of the term loan amount, up to Rs. 35,00,000
Category 2: 20% of the term loan amount, up to Rs. 30,00,000
Category 3 & Municipal Corporation Areas: 10% of the term loan amount, up to Rs. 10,00,000
What are the exclusions under the scheme?
Enterprises that have already availed incentives for the same GFCI under any other state government scheme or agency are ineligible unless explicitly allowed.
Is there a deadline for submitting the application?
Applications must be submitted online within one (1) year of the first loan disbursement, the date of commercial production commencement, or the GR issue date, whichever is later, but before the scheme's operative period ends.
When will the capital investment subsidy be disbursed?
The subsidy will be disbursed only after the enterprise has commenced commercial production.
Can an enterprise apply if the term loan is sanctioned after one year of commercial production?
Enterprises whose term loans are sanctioned more than one year after the commencement of commercial production are not eligible for the subsidy.
Is there a limit on the combined subsidy from state and central government schemes?
Yes, if an enterprise is availing a capital investment subsidy under a central government scheme, the combined subsidy from both state and central governments must not exceed the total loan amount disbursed by banks or financial institutions.
Can existing enterprises apply if they are undertaking expansion or diversification?
Yes, existing enterprises that undertake expansion or diversification and commence commercial production during the scheme's operative period are eligible to apply.
What should enterprises do if they have already availed subsidies under another state government scheme?
Enterprises that have availed incentives for the same GFCI under any other state government scheme or agency are not eligible, unless explicitly allowed.
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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