The “Financial Assistance to Industrial Parks” scheme is an umbrella initiative launched by the Industries and Mines Department, Gujarat, under the Gujarat Industrial Policy. The scheme, effective from August 7, 2020, to August 6, 2025, aims to boost industrial growth by enhancing infrastructure facilities for industrial parks and clusters. The component “Infrastructure Facilities” provides financial assistance to the development of critical infrastructure such as roads, power, water, and communication for industrial operations. Additionally, it supports the construction of residential facilities for workers.
Scheme Key Highlights (Short Summary)
• Launched by: Industries and Mines Department, Gujarat
• Duration: August 7, 2020 – August 6, 2025
• Assistance Type: Financial support for infrastructure development in industrial parks
• Maximum Support for Residential Facilities: Up to 25% of construction costs with a cap of ₹20,00,00,000
• Eligibility: Industries Associations, Enterprises registered under relevant acts, SPVs for industrial park development
Benefits
• Comprehensive infrastructure development support: Roads, power, water, communication facilities
• Support for residential facilities: Up to 25% assistance for worker dormitories or hostels
• Financial Ceiling: ₹20,00,00,000 for residential facilities
• Support for industrial park development: Assistance for creating essential infrastructure
Eligibility
• Industries Associations or any enterprise registered under the Societies Act, Partnership Act, Trust Act, Companies Act, or Special Purpose Vehicle (SPV) can apply for the development of industrial parks.
• The applicant must aim to develop an industrial park with basic infrastructure.
• The enterprise must have obtained registration or acknowledgment under applicable laws.
• The industrial park must have a focus on creating critical infrastructure such as roads, power, water, and communication.
Exclusions
• Land costs are not eligible for assistance under the scheme.
• Payments related to goodwill fees, commissioning fees, royalty, and preliminary/pre-operative expenses are excluded.
• Transportation equipment, vehicles, technical fees, or consultant fees are not eligible for support.
• Working capital or non-explicitly mentioned investments will not be covered.
Application Process
Online
• Step 1: Visit the Investor Facilitation Portal (IFP) and click on “New Investor Registration” to fill in the registration form
• Step 2: Submit the registration form and verify your email through the verification link sent to your registered email
• Step 3: After verification, your registration will be complete
Post-Registration Process
• Step 1: Visit the IFP portal and click on “Login”
• Step 2: Use your email and password to log in
• Step 3: Fill in the required details for your business application
• Step 4: Submit the application for financial assistance
Documents Required
For Registration:
• Registration certificate of the Developer Company/Firm under relevant Acts (e.g., Societies Act, Companies Act, etc.)
• PAN Card of the Developer Company/Firm
• 7/12 of Survey No. for the land where the industrial park will be developed
• Village Map with highlighted Survey/Block numbers
• Lay-out Plan of the industrial park certified by a civil engineer or architect
• Project Report
• Notarized affidavit in the prescribed format
For Approval:
• Sale Deed & Index-2 of the land purchased for the industrial park
• Approved Layout Plan from concerned authorities
• Detailed Project Report with component-wise estimates and benefits of the industrial park
• CA certified Net Worth of the Developer Company/Firm
• Board Resolution/Power of Attorney for authorized signatory
• Notarized affidavit for approval
For Claim:
• Sanction Letter with Annexure for land details
• Cancelled Bank Cheque and PAN Card of the Developer Company/Firm
• CA certificate for the expenditure incurred on the project
• Component-wise expenditure statements (as per the Sanction Letter)
• TPQA (Third Party Quality Assurance) Certificate for the work done in the industrial park
• Photographs of the developed infrastructure
• Project Completion Certificate from an approved Civil Engineer/Architect
Frequently Asked Questions (FAQs)
Q: What is the objective of the “Financial Assistance to Industrial Parks” scheme?
A: The objective is to support the development of infrastructure in industrial parks, including roads, power, water, communication, and residential facilities for workers.
Q: What are infrastructure facilities in an Industrial Park?
A: These include essential infrastructure such as roads, power supply, water systems, communication lines, and residential facilities for workers.
Q: What is the financial assistance available for infrastructure facilities?
A: The scheme provides financial support for the development of infrastructure in industrial parks, including up to 25% of the cost for constructing hostels or dormitories for workers, with a maximum cap of ₹20,00,00,000.
Q: What costs are considered eligible for financial assistance?
A: Costs related to developing infrastructure such as roads, power, water, and communication services, as well as the construction of residential facilities for workers, are eligible.
Q: Are land costs included in the financial assistance?
A: No, land costs are excluded from the financial assistance under the scheme.
Q: What is the significance of SOR norms in determining construction costs?
A: The Schedule of Rates (SOR) norms are used to evaluate the standard construction costs for various infrastructure components and determine eligibility for reimbursement.
Q: Who is eligible for financial assistance for infrastructure development?
A: Industries Associations or registered enterprises that are involved in developing industrial parks with essential infrastructure are eligible.
Q: Is prior approval necessary for constructing worker dormitories?
A: Yes, prior approval is required for constructing worker dormitories or hostels under this scheme.
Q: What happens if the construction cost exceeds the SOR norms?
A: The construction cost must align with the SOR norms, and any excess costs beyond the norms may not be eligible for reimbursement.