Scheme for Financial Assistance to Integrated Logistics Facilities: Interest Subsidy
The "Scheme for Financial Assistance to Integrated Logistics Facilities" under the Gujarat Integrated Logistics and Logistics Park Policy, provides financial support to private developers for creating logistics facilities and parks with the necessary infrastructure and services.
About the Scheme for Financial Assistance to Integrated Logistics Facilities: Interest Subsidy Scheme
The "Scheme for Financial Assistance to Integrated Logistics Facilities" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Integrated Logistics and Logistics Park Policy. Effective from August 2nd, 2021 to August 1st, 2026, this initiative aims to provide financial assistance to the private developer for developing Logistics Facilities and Logistics Park with all required infrastructure and logistic services.
The component "Interest Subsidy" is designed to assist developers by reducing their interest burden on term loans. It is applicable only to new units or projects, enabling developers to improve their financial stability during the project's development phase.
Benefits
- Coverage of Moratorium Period: Interest repayment during the moratorium period is also eligible for subsidy. - Assistance on Actual Disbursement: The subsidy is calculated based on the actual disbursed amount of the sanctioned term loan. - Encourages Timely Repayment: Incentivizes developers to maintain regular repayment schedules to avoid being declared defaulters.
Eligibility Criteria
- The subsidy is applicable only to new units/projects.
- The term loan’s first disbursement date must fall within the scheme’s operative period.
- Developers must not be declared defaulters as per RBI guidelines.
- Repayment against the principal must be timely.
How to Apply for Scheme for Financial Assistance to Integrated Logistics Facilities: Interest Subsidy
Application mode: Online / Offline
> 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 &quot;Login&quot;.
Step-2: Enter the email address and password you used during registration.
Step-3: Click the &quot;Login&quot; 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.
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> Registration Procedure:
Step-1: Submit the application in the prescribed form along with the required documents to the Industries Commissionerate.
Step-2: The Industries Commissionerate will review and request missing details, if any, within 15 days.
Step-3: The application will then be forwarded to the GM of the District Industries Centre (DIC) for a site visit and inspection report.
Step-4: Based on the report, the Industries Commissionerate may issue a Registration Certificate.
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> Sanction Procedure:
Step-1: After registration and approval of the project layout plan, submit the application in the prescribed format for sanction with a detailed project report and required documents to the Industries Commissionerate.
Step-2: The Industries Commissionerate will scrutinize and request missing details within 15 days.
Step-3: Applicants must present their project to a Screening Committee chaired by the Industries Commissioner.
Step-4: After addressing committee remarks, the application is reviewed by the Sanctioning Authority for approval based on scheme guidelines.
Exclusions
- Periods with default in principal repayment (90 days or more) are not eligible, even if interest is repaid during this time.
Frequently Asked Questions
What is the Scheme for Financial Assistance to Integrated Logistics Facilities: Interest Subsidy scheme?
The &quot;Scheme for Financial Assistance to Integrated Logistics Facilities&quot; is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Integrated Logistics and Logistics Park Policy. Effective from August 2nd, 2021 to August 1…
Who is eligible for Scheme for Financial Assistance to Integrated Logistics Facilities: Interest Subsidy?
The subsidy is applicable only to new units/projects. The term loan’s first disbursement date must fall within the scheme’s operative period. Developers must not be declared defaulters as per RBI guidelines. Repayment against the principal must be timely.
What benefits does Scheme for Financial Assistance to Integrated Logistics Facilities: Interest Subsidy provide?
Coverage of Moratorium Period: Interest repayment during the moratorium period is also eligible for subsidy. - Assistance on Actual Disbursement: The subsidy is calculated based on the actual disbursed amount of the sanctioned term loan. - Encourages Timely Repayment: Incentivizes developers to mai…
How can I apply for Scheme for Financial Assistance to Integrated Logistics Facilities: Interest Subsidy?
> Registration Process: Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on &quot;New Investor Registration&quot; to access the registration form. Step-2: Fill in the Registration Form. Click on &quot;Submit&quot;. Step-3: Verify the E-mail ID using the link sen…
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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