About this business scheme
The scheme "Dr.Babasaheb Ambedkar Udyog Uday Yojana" aims to support SC/ST entrepreneurs and strengthen MSMEs, making them globally competitive.
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 at a glance
| Scheme name | Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Raising Capital through SME Exchange (BAUUYSME) |
|---|---|
| Launched by | Industries and Mines Department |
| Launch year | 2020 |
| 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 |
Who can apply (quick check)
- 👤All genders
- 🏷️SC / ST
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Financial Assistance: MSMEs can receive up to 30% of the total expenditure incurred for raising capital through SME Exchange with a maximum up to Rs. 5,00,000/-.
- Support from GVFL: Gujarat Venture Finance Limited (GVFL) may take equity in enterprises registered with the SME Exchange.
Who qualifies
- The firm must be a Micro/Small/Medium enterprise run by SC/ST entrepreneur.
- The enterprise must have successfully raised equity capital through an SME Exchange.
- Enterprise shall have to apply within one year from the listing date in SME Exchange.
Note:
- SC/ST Enterprise: SC/ST Enterprise means the enterprise in which contribution of SC/ST entrepreneur is 51% or more.
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 | 07 Aug 2020 |
|---|
Terms used in this scheme
- Micro, Small and Medium Enterprise
An Enterprise which satisfies the conditions of Micro, Small and Medium Enterprises as per the definition under the MSME Development Act, 2006 and subsequently amended from time to time by Government of India and has obtained acknowledgement of “Udyog Aadhaar Memorandum / Udyam Registration.
- New Enterprise
New Enterprise means MSME, which has filled Udyog Aadhar / Udyam Registration as prescribed by the Government of India and commences commercial production during the operative period of the scheme.
- Existing Enterprise
An Existing Enterprise means MSME which has commenced commercial production before the date of announcement of the scheme.
- Expansion
Expansion means where an existing/New Enterprise increases its investment in gross fixed capital by at least 50% (out of which at least 60% of investment is made in plant and machinery for which expansion is carried out) of its existing gross fixed capital investment on the date of initiating expansion and compared with the date of commencing production during the operative period of the scheme.
- 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) to manufacture the end product.
- Forward integration, Backward Integration and Diversification
- Forward Integration: An Investment made in GFCI for the product which is raw material of the enterprise will be termed as backward integration.
- Backward Integration: An Investment made in GECI for the further value addition in the end product of the enterprise will be termed as forward integration.
- Diversification: An investment made in GFCI for the product other than the end product of the enterprise will be termed as diversification.
- Term Loan
Term loan means loan sanctioned by the financial institution / Bank (Except NBFC) for the acquisition of GFCI of the enterprise. However, only the amount actually disbursed against the sanctioned will be considered for the incentives under the scheme.
- Pipeline Enterprises
The Enterprises which have obtained first disbursement of term loan as effective step and could not start commercial production on or before 07/08/2020, shall be considered eligible as pipeline enterprise for incentive under previous scheme. Such enterprise should commence commercial production on or before 31/03/2021.However the enterprise which has obtained first disbursement on or before 07/08/2020 may opt for new scheme. Term Loan disbursement made during the policy period will be eligible for the enterprise which has opted for this scheme.
Frequently asked questions
What is the "Dr. Babasaheb Ambedkar Udyog Uday Yojana"?
It is a special scheme introduced under the Industrial Policy 2020 to provide financial assistance and support to Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs in the MSME sector.
What sectors are prioritized under the Industrial Policy 2020?
The policy prioritizes industries such as Auto and Auto Components, Chemicals and Petrochemicals, Pharmaceuticals, Cement, Textiles, Engineering, Gems and Jewellery, and Ceramics.
How does the scheme promote export competitiveness?
The scheme emphasizes "Vocal for Local to become Global," strengthening integrated value chains and encouraging MSMEs to enhance their export potential.
What is the duration of the scheme?
The scheme is effective from August 7, 2020, and will remain in operation until August 6, 2025.
What is the SME Exchange?
The SME Exchange is a stock exchange platform that allows small and medium enterprises (MSMEs) to raise equity capital from the public.
Who is eligible to apply for financial assistance under this scheme?
Any MSME that has successfully raised equity capital through an SME Exchange and meets the eligibility criteria can apply for assistance.
What percentage of expenses is reimbursed under this scheme?
The scheme reimburses up to 30% of the total expenditure incurred in raising funds through an SME Exchange, subject to a maximum limit of Rs. 5 lakh.
Is the financial assistance provided multiple times to the same enterprise?
No, financial assistance under this scheme is provided only once to an enterprise.
What is the deadline for submitting the application for assistance?
The enterprise must submit the application within one year from the date of listing on the SME Exchange.
What types of expenses are considered for reimbursement under this scheme?
The scheme covers expenses related to raising capital through an SME Exchange as per the approved guidelines.
Are there any restrictions on the type of MSMEs that can apply for this scheme?
The enterprise must qualify as an MSME on the date of listing, but there are no industry-specific restrictions.
Is it mandatory for GVFL to take equity in an enterprise applying for this scheme?
No, it is not mandatory for GVFL to take equity in an enterprise, but it has the option to do so for enterprises registered with 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 ic.gujarat.gov.in (PDF)
- Online Application Portal ifp.gujarat.gov.in
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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