The Financial Assistance to Industrial Parks scheme was launched under the Gujarat Industrial Policy by the Industries and Mines Department, Government of Gujarat. Effective from August 7, 2020, to August 6, 2025, the scheme promotes the development of industrial infrastructure through financial assistance on eligible fixed capital investment, enabling better facilities and modern technologies in industrial parks and clusters.
Scheme Key Highlights
• Validity: August 7, 2020 – August 6, 2025
• Scheme by: Industries and Mines Department, Gujarat
• Focus: Financial aid for infrastructure in Industrial Parks
• Area-Specific Support: Enhanced aid for Vanbandhu Talukas
• Worker Support: Aid for building residential facilities like hostels/dorms
Benefits
• General Area: 25% of eligible fixed capital investment, up to ₹30 Cr
• Vanbandhu Talukas: 50% of eligible fixed capital investment, up to ₹30 Cr
• Residential Facilities: Up to 25% of hostel/dormitory cost for domiciled workers, max ₹20 Cr
Eligibility
• Industries Associations or any enterprise registered under:
• Societies Act
• Partnership Act
• Trust Act
• Companies Act
• Special Purpose Vehicle (SPV) set up for Industrial Park development
Exclusions
• Land purchase or development costs
• Goodwill, royalty, and commissioning fees
• Preliminary and pre-operative expenses
• Capitalized interest during the project
• Transportation equipment/vehicles
• Technical/consultant fees
• Working capital-related expenses
• Any other costs deemed ineligible by SLEC
Application Process
Online
Registration Process:
• Step 1: Visit Investor Facilitation Portal (IFP)
• Step 2: Click “New Investor Registration” and fill the form
• Step 3: Verify your Email ID using the link sent
• Step 4: Once verified, proceed to login
Post-Registration Application:
• Step 1: Login using registered email and password
• Step 2: Go to the Dashboard and fill all required business and project details
• Step 3: Upload the mandatory documents and submit
Helpdesk: Contact via IFP portal
Documents Required
For Registration
• Constitution Registration (Society/Partnership/Company/SPV)
• PAN Card of Developer
• 7/12 of Survey No.
• Village Map with highlighted survey/block numbers
• Certified layout of proposed Industrial Park
• Project Report
• Notarized Affidavit (Prescribed Format)
For Approval
• Same as above, plus:
• 8A Khata details
• Sale Deed & Index-2 of purchased land
• Approved Layout Plan from authority
• Detailed Project Report (with SOR estimates, benefits, etc.)
• CA Certified Net Worth Certificate
• Authority Letter/Board Resolution (if applicable)
• Details of Central Govt. incentives (if applied)
• Notarized Affidavit (Prescribed Format)
For Claim
• Sanction Letter copy with land details
• Cancelled Bank Cheque & PAN
• CA Certificate of Expenditure (Prescribed Format)
• Component-wise CA Expenditure Statements
• Chartered Engineer cost certification as per SOR
• TPQA Certificate (Quality of work by approved agency)
• Photographs of infrastructure
• Completion Certificate from Civil Engineer/TPQA
• Details of State/Central Govt. support (if any)
• Notarized Affidavit for Claim
Frequently Asked Questions (FAQs)
Q: What is the objective of the scheme “Financial Assistance to Industrial Parks”?
A: To support industrial growth by funding infrastructure in industrial parks.
Q: What is the purpose of the “Assistance on Fixed Capital Investment” component?
A: To reimburse part of the eligible infrastructure cost incurred by park developers.
Q: Who is eligible to apply for this assistance?
A: Registered industries associations, companies, SPVs, and other qualified entities.
Q: What types of expenses are considered eligible for assistance?
A: Fixed capital investments excluding land, vehicles, consultancy, and capitalized interests.
Q: Is the cost of land purchase covered under this assistance?
A: No, land and its development cost are not eligible.
Q: What is the maximum amount of financial assistance available?
A: ₹30 Cr for park development, ₹20 Cr for worker accommodation.
Q: Is prior approval from the State Level Empowered Committee (SLEC) required?
A: Yes, approvals and evaluations are done under SLEC.
Q: Do Industrial Parks in Vanbandhu Taluka receive additional assistance?
A: Yes, they receive 50% assistance up to ₹30 Cr.
Q: Are technical consultant fees or preliminary expenses eligible for assistance?
A: No, they are explicitly excluded.
Q: What are Schedule of Rates (SOR) norms?
A: Government-approved standard cost benchmarks for construction and infrastructure.
Q: Can applicants claim assistance for expenses incurred before receiving approval?
A: No, only post-approval expenditures are eligible.
Q: Are transportation equipment and vehicles covered under this assistance?
A: No, they are not eligible for assistance.
Sources and References
• Guidelines
• Online Application Portal ,Investor Facilitation Portal (IFP)