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.
Aatmanirbhar Gujarat Scheme for assistance to MSMEs: Rehabilitation of Sick Enterprise - Introduction
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 "Rehabilitation of Sick Enterprise" scheme supports MSME sick industrial enterprises that meet RBI's criteria for sickness by reimbursing part of the costs for preparing a diagnostic report and rehabilitation plan.
Benefits
Cost Reimbursement:
- Reimbursement: 50% of the cost for preparing the Draft Rehabilitation Scheme.
- Financial Assistance: ₹1,00,000/- during the scheme's operative period.
Eligibility
- 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 enterprise or an existing enterprise undertaking expansion or diversification.
- The enterprises should have commenced commercial production during the operative period (October 5, 2022, to October 4, 2027).
- The enterprise must be an MSME classified as a sick industrial enterprise per RBI guidelines.
- Diagnostic reports must be prepared by an expert or expert agency.
- The application must be submitted during the scheme's operative period.
Exclusions
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
Eligible Fixed Capital Investment means following investments made on or after the date of issue of this GR and up to the last date of the eligible investment period.