Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy
The "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector" aims to provide incentives to attract increased investments in the manufacturing sector to create more employment opportunities in Gujarat.
About the Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy Scheme
The "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector" is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state's dynamic large-industry 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 Interest Subsidy" provides financial support to large industrial undertakings by reimbursing a portion of the interest paid on term loans. This subsidy encourages industrial growth, expansion, and diversification by reducing borrowing costs for eligible projects.
Benefits
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Category of TalukaGeneralThrustCategory 1Interest subsidy @ 7% on Term Loan for 10 years upto 1% of eFCI p.a.Interest subsidy @ 7% on Term Loan for 10 years upto 1.2% of eFCI p.a.Category 2Interest subsidy @ 7% on Term Loan for 8 years upto 1% of eFCI p.a.Interest subsidy @ 7% on Term Loan for 10 years upto 1% of eFCI p.a.Category 3Interest subsidy @ 7% on Term Loan for 6 years upto 1% of eFCI p.a.Interest subsidy @ 7% on Term Loan for 8 years upto 1% of eFCI p.a.<br>
Eligibility Criteria
- A new large industrial undertaking, or an existing one that undertakes expansion and/or diversification, is eligible for this scheme.
- The large industrial undertaking must have obtained acknowledgment/registration, as the case may be from DPIIT.
- The industry should commence commercial production during the scheme&#39;s operative period.
How to Apply for Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy
Application mode: 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.
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> 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.
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> Helpdesk: Contact Here
Exclusions
- A large industrial undertaking that has received any incentive for the same Gross Fixed Capital Investment (eFCI) under any state government scheme or its agency will not be eligible unless specifically stated.
Frequently Asked Questions
What is the Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy scheme?
The &quot;Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector&quot; is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state&39;s dynamic large-industry sector, which significantly contr…
Who is eligible for Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy?
A new large industrial undertaking, or an existing one that undertakes expansion and/or diversification, is eligible for this scheme. The large industrial undertaking must have obtained acknowledgment/registration, as the case may be from DPIIT. The industry should commence commercial production du…
What benefits does Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy provide?
<br Category of TalukaGeneralThrustCategory 1Interest subsidy @ 7% on Term Loan for 10 years upto 1% of eFCI p.a.Interest subsidy @ 7% on Term Loan for 10 years upto 1.2% of eFCI p.a.Category 2Interest subsidy @ 7% on Term Loan for 8 years upto 1% of eFCI p.a.Interest subsidy @ 7% on Term Loan for…
How can I apply for Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy?
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…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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