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” is an umbrella scheme launched by the Industries and Mines Department, Government of Gujarat. It is aimed at empowering the large industrial sector, which plays a vital role in the state’s GDP, employment generation, and exports. The scheme is operative from October 5, 2022, to October 4, 2027, and supports the goals of Aatmanirbhar Gujarat and Aatmanirbhar Bharat.

Under this scheme, the “Assistance of Interest Subsidy” component provides financial relief on term loan interest payments to large industrial undertakings, promoting capital investment, diversification, and expansion.

Benefits

Interest Subsidy as per Taluka Category:

Note: Refer to the official list of Taluka categories for classification.

Eligibility

• A new large industrial undertaking, or an existing one undergoing expansion and/or diversification, is eligible.

• The enterprise must have obtained acknowledgment/registration from DPIIT.

• The unit must commence commercial production within the operative period of the scheme.

Exclusions

• Enterprises that have already received incentives for the same Gross Fixed Capital Investment (eFCI) under any state scheme will not be eligible, unless otherwise specified.

Application Process

Mode: Online via Investor Facilitation Portal (IFP)

Registration Steps:

1. Visit the IFP Portal, click “New Investor Registration”.

2. Fill in the registration form and click “Submit”.

3. Verify your registered email ID via the verification link.

4. On successful verification, the investor is registered.

Post-Registration Steps:

1. Visit the portal and click “Login”.

2. Enter your registered email ID and password.

3. Fill in your business and project details.

4. Upload the required documents and submit the application.

Helpdesk:
Available through the portal’s “Contact Us” section.

Documents Required

• Bank Certificate for Claim Period

• Certified Term Loan Account Statement (Claim Period)

• First Sale Bill (for first claim)

• Purchase, Sale, and Electricity Bill (Last month of claim)

• Attendance/Salary Register (Last month of claim)

• Employment Statement (Prescribed Format)

• Apprentice Details (if applicable)

• Valid Fixed Asset Insurance Policy

• Take-over loan sanction letter (if applicable)

• No Due Certificate from previous bank (if applicable)

• Certified Term Loan Account statement for take-over loan (if applicable)

• Authority Letter and Board Resolution (certified)

• PAN Card

• Cancelled Cheque

Frequently Asked Questions

• Q: What is the “Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector”?
  A government scheme offering financial incentives to large industries in Gujarat.

• Q: When is the scheme operative?
  From 5th October 2022 to 4th October 2027.

• Q: Who is eligible to apply for interest subsidy?
  Large industrial units (new or expanding/diversifying) with DPIIT registration.

• Q: What is the rate and duration of subsidy?
  7% interest subsidy for up to 10 years depending on the Taluka category.

• Q: Can an industry avail of other state subsidies along with this?
  No, not for the same eFCI unless specifically allowed.

• Q: Is there a minimum interest burden required?
  Yes, the applicant must bear a minimum portion as per scheme guidelines.

• Q: Are all types of loans covered?
  No, only term loans are eligible.

• Q: How is the subsidy disbursed?
  Directly to the applicant’s bank account after verification.

• Q: What if the undertaking defaults?
  It may become ineligible or face recovery of the subsidy amount.

Sources and References

• Guidelines 1 – Official PDF
• Document Checklist 
• Online Application Portal
• List of Taluka Categories