Empowering industries with the strategic incentives to drive self-reliant long term growth across Gujarat
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What is Aatmanirbhar Gujarat Scheme 2022
On 5 October 2022, Government of Gujarat came up with a new industrial policy known as Aatmanirbhar Gujarat Scheme 2022. This is a flagship initiative initiative aimed at speeding the industrial growth, strengthening MSMEs, and attracting large-scale investments across the state. The scheme offers structured financial incentives which helps in promoting self-reliance, generating employment and in sustainable manufacturing.
The key highlights include:
- Support for MSMEs with investments up to ₹50 crore
- Incentives for Large Industries and Thrust Sectors with investments above ₹50 crore
- Special assistance for Mega Industries with investments up to ₹2,500 crore and direct employment exceeding 2,500 people
Assistance to MSMEs
1. Capital Subsidy for Micro Units
| Category of Taluka | Quantum of Incentive |
|---|---|
Category 1 – Rural Area | 25% of Term Loan and maximum up to 35 lakhs |
Category 2 – Semi-Urban Area | 20% of Term Loan and maximum up to 30 lakhs |
Category 3 – Urban Area & O/s Municipal Corporation Area | 10% of Term Loan and maximum up to 10 lakhs |
2. Interest Subsidy
| Category of Taluka | Quantum of Incentive |
|---|---|
Category 1 – Rural Area | 7% and maximum up to 35 lakhs/ annum for a tenure of 7 years |
Category 2 – Semi-Urban Area | 6% and maximum up to 30 lakhs/ annum for a tenure of 6 years |
Category 3 – Urban Area & O/s Municipal Corporation Area | 5% and maximum up to 25 lakhs/ annum for a tenure of 5 years |
3. Net SGST Subsidy
| Category of Taluka | Quantum of Incentive |
|---|---|
Category 1 – Rural Area | 100% of Net SGST payment and maximum is 7.50% of eFCI |
Category 2 – Semi-Urban Area | 90% of Net SGST payment and maximum 6.50% of eFCI |
Category 3 – Urban Area & O/s Municipal Corporation Area | 80% of Net SGST payment and maximum 5.00% of eFCI |
4. Electricity Duty Exemption:
Electricity Duty is waived off for a period of 5 years.
5. Reimbursement of Employer’s Contribution to Provident Fund (‘EPF’):
EPF is reimbursed up to INR 1,800 per employee per month for a period of 120 months.
6. Other Subsidy available to MSMEs:
- Assistance for Quality Certification
- Financial Support in ZED Certification
- Assistance in implementation of information and communication Technology
- Assistance for Technology Acquisition
- Assistance for Patent Registration
- Assistance for saving in consumption of Energy and Water
- Assistance for raising Capital through SME exchange
- Assistance for reimbursement of CGTMSE Fees
- Assistance for Power Connection Charges
- Assistance in Rent
Support for Mega Units
1. Interest Subsidy
Interest subsidy of 7.00%, capped at 1.20% of eligible Fixed Capital Investment (eFCI), available for a duration of 10 years.
2. Net SGST Subsidy for goods:
100% reimbursement of net SGST paid, subject to a cap of 0.90% of eFCI, available for a period of 20 years.
3. SGST Subsidy on admissible Capital Goods:
Complete reimbursement of SGST paid on approved capital goods
4. Reimbursement of Stamp Duty and & Registration Fees:
Complete reimbursement of stamp duty and registration charges paid for the purchase or lease of project land.
5. Reimbursement of Employer’s Contribution to Provident Fund (‘EPF’):
Employer’s EPF contribution of upto ₹1,800 per employee per month for 120 months.
6. Electricity Duty Exemption:
Exemption on electricity duty for five years.
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