The "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)" launched by the Industries and Mines Department aims to position Gujarat as a global business hub, promoting sustainable manufacturing, MSME growth, and export competitiveness.
Scheme for Assistance to Micro, Small and Medium Enterprises (MSME): Assistance for Power Connection Charges - Introduction
The "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)" 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 August 7th, 2020 to August 6th, 2025, this initiative supports entrepreneurs and strengthens MSMEs, making them globally competitive.
The component "Assistance for Power Connection Charges" provides financial assistance to MSMEs (Micro, Small & Medium Enterprises) that are located outside GIDC (Gujarat Industrial Development Corporation) or other approved industrial parks.
Benefits
- Quantum of Assistance: 35% of charges paid to distribution licenses for LT (Low Tension)/HT(High Tension) service line, maximum limit up to ₹5,00,000/-.
Eligibility
- The firm must be a Micro/Small/Medium enterprise.
- The unit must be located outside GIDC or an approved industrial park.
- The applicant must have paid power connection charges to the distribution licensee during the scheme's operative period.
- The application for reimbursement must be submitted within one year of payment.
Application Process
- Step-1: Visit the ifp.gujarat.gov.in portal. Click on "New Investor Registration" to access the registration form.
- Step-2: Fill in the Registration Form. Click on "Submit".
- Step-3: Verify the E-mail ID using the link sent on your registered E-mail ID.
- Step-4: After verification, you will be registered successfully.
- Step-1: Visit the ifp.gujarat.gov.in portal. Click on "Login".
- Step-2: Enter the email address and password you used during registration.
- Step-3: Click the "Login" button to access your account.
- Step-4: Now fill in the required details and mandatory documents about your business to complete the application process.
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Definitions
The enterprises which have obtained the first disbursement of term loan as an effective step and could not start commercial production on or before 07/08/2020, shall be considered eligible as a pipeline enterprise for incentive under the previous scheme. Such enterprises should commence commercial production on or before 31/03/2021. However, an enterprise which has obtained the first disbursement on or before 07/08/2020 may opt for the new scheme. Term loan disbursement made during the policy period will be eligible for the enterprise which has opted for this scheme.