The “Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)” is an umbrella initiative launched by the Industries and Mines Department, Government of Gujarat, effective from August 7, 2020, to August 6, 2025. The scheme is designed to strengthen and empower MSMEs in Gujarat by supporting sick industrial units that meet the RBI’s definition of sickness, thereby promoting recovery and sustainable business continuity.
The Rehabilitation of Sick Enterprises component helps eligible MSMEs recover through financial support for the preparation of diagnostic and rehabilitation reports.
Benefits
• Financial Reimbursement: 50% of the cost for preparing the Draft Rehabilitation Scheme is reimbursed
• Maximum Assistance: Up to ₹1,00,000/- during the scheme’s operative period
Eligibility
• The enterprise must be classified as an MSME (Micro, Small, or Medium Enterprise)
• The enterprise must meet the RBI guidelines for sickness
• Must submit audited financials for at least the last 3 years
• Diagnostic report must be prepared by an authorized expert/agency
• Application must be submitted within the operative period
Application Process
Online
Registration Process:
Step 1: Visit the Investor Facilitation Portal (IFP)
Step 2: Click on “New Investor Registration” and fill out the form
Step 3: Submit the form and verify your email ID via the link received
Step 4: Complete the registration successfully
Post-Registration Process:
Step 1: Login using registered credentials
Step 2: Fill in enterprise details and upload mandatory documents
Step 3: Complete the application for Rehabilitation Assistance
Documents Required
For General Registration:
• Application form in prescribed format
• Constitution documents (Partnership Deed / AoA / MoA / ROC Certificate)
• Udyog Aadhaar / EM Part-II Registration
• Last 3 years’ Audited Balance Sheets and Profit & Loss Accounts
• CA Certificate confirming sickness per RBI guidelines
For Assistance on Diagnostic Study Report:
• Recommendation letter from Bank / FI / Govt. Department
• Confirmation letter from expert/agency along with cost estimate
• Payment receipt issued by the expert/agency
• Copy of diagnostic report submitted by the expert/agency
Frequently Asked Questions (FAQs)
Q: What is the “Scheme for Assistance to MSMEs”?
A: It’s a Gujarat state initiative to boost and support MSMEs across various growth and recovery dimensions.
Q: What is the operative period of the scheme?
A: From August 7, 2020, to August 6, 2025.
Q: What is the objective of this component?
A: To support sick MSMEs by reimbursing the cost of preparing rehabilitation plans and diagnostic reports.
Q: Who is eligible to apply for this assistance?
A: Registered MSMEs classified as sick per RBI guidelines.
Q: What is the benefit provided?
A: 50% reimbursement of the diagnostic study cost, up to ₹1,00,000/-.
Q: Does sick registration guarantee financial aid?
A: No, eligibility doesn’t guarantee approval—each case is evaluated individually.
Q: How does an enterprise prove sickness?
A: By submitting a CA-certified document confirming RBI criteria and past audited balance sheets.
Q: Can new enterprises apply?
A: No, only existing enterprises with financial records and proof of sickness are eligible.
Q: Are service-based MSMEs eligible?
A: Typically, manufacturing-focused MSMEs are prioritized, but eligibility depends on the component and nature of activity.