AGMSMECIS

The "Aatmanirbhar Gujarat Scheme for assistance to MSMEs" aims to empower the state's dynamic MSME sector, which significantly contributes to employment, GDP, and exports.

The "Aatmanirbhar Gujarat Scheme for MSMEs" is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state's dynamic MSME sector, which significantly contributes to employment, GDP, and exports. Effective from October 5, 2022, to October 4, 2027, this initiative supports growth, investments, and the vision of "Aatmanirbhar Gujarat" and "Aatmanirbhar Bharat."

The component "Assistance of Capital Investment Subsidy to Micro enterprises" provides a capital investment subsidy to support micro-enterprises in manufacturing.

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• The firm must be a Micro/Small/Medium enterprise.
• The enterprise must have obtained acknowledgment or registration from the Ministry of MSME or the Department for Promotion of Industry and Internal Trade (DPIIT), as applicable.
• The enterprise must be a new manufacturing enterprises or existing enterprises undertaking expansion or diversification.
• The enterprises should have commenced commercial production during the operative period (October 5, 2022, to October 4, 2027).
• Applications must be submitted online within one (1) year of the first loan disbursement date, the date of commercial production commencement, or the GR issue date, whichever is later, and before the scheme's last operative date.

Financial Assistance

Category of TalukaQuantum of Incentive Category 1 25% of term loan amount upto ₹35,00,000/-.Category 220% of term loan amount upto ₹30,00,000/-.Category 3 & Municipal 10% of term loan amount upto INR 10 lakhs. Corporation Areas 10% of term loan amount upto ₹10,00,000/-.

• Enterprises that have availed incentives for the same GFCI under any other state government scheme or agency are ineligible unless explicitly allowed.
• Applications submitted after one year from the relevant dates (loan disbursement, production commencement, or GR issue date) will not be considered.
• Enterprises whose term loans are sanctioned more than one year after the commencement of commercial production are ineligible for the subsidy.

> Note:

Ineligible Capital Expenditure/ Assets: The following expenditure shall not be considered for calculating the eligible fixed capital investment:

• Land and Land development cost.
• Working capital.
• Goodwill.
• Royalty.
• Preliminary and pre-operative expenses.
• Indigenous second-hand plant and machinery.
• Interest capitalized.
• Power generation, except for captive use.
• Rented or leased property.