The “Scheme for Assistance for Start Ups/ Innovation” is an umbrella initiative launched by the Industries and Mines Department, Government of Gujarat under the Gujarat Industrial Policy. Effective from August 7, 2020, to August 6, 2025, the scheme aims to fuel economic growth by encouraging innovation, promoting job creation, and supporting next-generation technological solutions.
Benefits
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Interest Subsidy:
Startups are eligible for an additional interest subsidy of 1%, subject to a maximum of 9%, on term loans under the MSME assistance provisions.
Eligibility
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Any individual or group of individuals with an innovative idea or concept, recommended by a Nodal Institution, is eligible.
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Startups from any sector such as science, engineering, agriculture, technology, healthcare, etc., can apply.
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Startups availing benefits under the Student Startup and Innovation Policy (SSIP) are also eligible.
Exclusions
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Entities formed by splitting or restructuring an existing business.
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Startups already availing benefits under other startup schemes of the Government of Gujarat.
Application Process
Mode: Online
Registration Process:
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Visit the official Startup Gujarat Portal.
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Click on the “Register” button at the top-right corner.
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Enter your Email ID and click Next.
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Verify details and click “Submit” to complete registration.
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Log in using your credentials, fill the Common Application Form, and click “Sign Up.”
Application Process:
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Go to the portal and click “Login”.
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Enter your registered Email ID and Password, then click “Sign In”.
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Navigate to the Dashboard and fill all the required details.
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Click on “Apply Now” from the dashboard.
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Select this scheme from the list and fill in the application details.
Documents Required
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Startup/Innovator registration proof.
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Project proposal detailing the innovative idea or concept.
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Recommendation letter from the approved Nodal Institution.
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Financial details of the term loan taken.
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Declaration confirming non-eligibility under other state startup schemes.
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Any other documents specified by the Nodal Institution.