The Scheme for Assistance to Micro, Small and Medium Enterprises (MSME) is a flagship initiative launched by the Industries and Mines Department, Government of Gujarat under the Gujarat Industrial Policy 2020. Active from August 7, 2020, to August 6, 2025, this scheme aims to boost the competitiveness and visibility of MSMEs. The “Assistance for Raising Capital through SME Exchange” component encourages MSMEs to raise equity capital and get listed on SME Exchanges like BSE SME and NSE Emerge by reimbursing part of the expenses incurred in the process.
Scheme Key Highlights (Short Summary)
• Duration: August 7, 2020 – August 6, 2025
• Target: Registered MSMEs in Gujarat
• Focus: Support for equity fundraising through SME Exchange
• Mode: Reimbursement of eligible listing expenses
Benefits
• Financial Assistance: 25% reimbursement of expenses incurred
• Maximum Limit: ₹5,00,000/-
• Support Area: Legal, consultancy, compliance, advertisement, and listing expenses
• Additional Benefit: Enhances visibility, credibility, and growth opportunities for MSMEs through stock market access
Eligibility
• Enterprise must be a registered MSME on the date of listing
• Must have successfully raised equity capital through SME Exchange
• Application must be submitted within 1 year of listing
• Fundraising must comply with SME Exchange approved schemes
Application Process
Online
Registration Process:
• Step 1: Visit Investor Facilitation Portal (IFP)
• Step 2: Click “New Investor Registration” and fill out the form
• Step 3: Submit and verify email ID via the link received
• Step 4: Successful email verification grants portal access
Post-Registration Process:
• Step 1: Login to the portal using registered email and password
• Step 2: Go to the Dashboard and update business information
• Step 3: Select “MSME – Assistance for Raising Capital via SME Exchange”
• Step 4: Upload all required documents and submit the application
Helpdesk: Available through the IFP Portal
Documents Required
• Memorandum & Articles of Association (MoA/AoA)
• Board Resolution for Authorized Signatory
• Udyam/IEM/LOI Registration Certificate
• SME Exchange Listing Letter (from NSE/BSE)
• GST Registration Certificate
• Public Issue Prospectus/Brochure
• Expenditure Statement (on company letterhead)
• CA Certificate confirming MSME status on listing date
• Audited Balance Sheet/Annual Report (latest)
• CA Certificate for expense details (head-wise subtotal and total)
• Supporting Bills for each expenditure
• Bank Statement highlighting payments
• Self-Certified Shareholding Pattern (if applicable)
• Latest Electricity Bill
• Cancelled Cheque of the Enterprise
• PAN cards of enterprise, promoters, directors, and signatory
• Prescribed Undertaking
• GPCB approvals (if applicable)
• Any other relevant supporting documents
Frequently Asked Questions (FAQs)
Q: What is the “Scheme for Assistance to MSMEs”?
A: It is a Gujarat government initiative to strengthen and support MSMEs across finance, infrastructure, and global competitiveness.
Q: What is the objective of the SME Exchange component?
A: To help MSMEs raise equity capital by reimbursing listing expenses and promoting stock market access.
Q: What is SME Exchange and how does it help MSMEs?
A: SME Exchange is a dedicated stock exchange platform (like NSE Emerge or BSE SME) for small enterprises to raise equity, increase visibility, and attract investors.
Q: Who is eligible under this scheme?
A: MSMEs that have raised equity capital through SME Exchange and applied within one year of listing.
Q: What percentage of expenses can be reimbursed?
A: 25% of total eligible expenses, up to ₹5,00,000/-.
Q: What is the main benefit of this assistance?
A: It offsets costs related to listing and encourages capital access through public markets.
Q: Can non-MSMEs apply?
A: No, only registered MSMEs are eligible.
Q: What happens if an MSME fails to raise funds?
A: Reimbursement is only available if equity capital is successfully raised.
Q: What role does GVFL play in this scheme?
A: GVFL may act as a facilitator or partner in equity fundraising but is not the approving authority for this component.
Q: Are there usage restrictions for the reimbursed funds?
A: Yes, they must only be used for listing-related expenses as outlined in the scheme.