Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Service Sector)
in Gujarat
Last updated:
Key dates and updates (Gujarat)
Nationwide and Gujarat-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Service Sector) in Gujarat
Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Service Sector) is a government scheme available to eligible residents of Gujarat.
Apply for Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Service Sector) in Gujarat
Scheme Overview
The scheme "Dr.Babasaheb Ambedkar Udyog Uday Yojana" aims to support SC/ST entrepreneurs and strengthen MSMEs, making them globally competitive.
Eligibility Criteria
- The firm must be a Micro/Small/Medium enterprise run by SC/ST entrepreneur.
- The enterprise must be a manufacturing enterprise.
- Only new MSMEs in the service sector (as per [Annexure A and B](https://ic.gujarat.gov.in/documents/commondoc/2020/2-GR_02092020.pdf)) are eligible. - The enterprise must have a term loan sanctioned for new machinery, equipment, or furniture/fixtures.
- The loan should be sanctioned within one year before the commencement of commercial production.
- Enterprises must have proper tax and business registrations.
> **Note:**
SC/ST Enterprise: SC/ST Enterprise means the enterprise in which contribution of SC/ST entrepreneur is 51% or more.
Benefits
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> **Financial Assistance:**
**Category of Taluka** **Quantum of Incentive** [Category I](https://indextb.com/files/2020/11/a34fc914-6cdd-4fd6-8773-502017da4334_taluka%20category.pdf)8% on Term Loan with a maximum amount of ₹35,00,000/- per annum for a period of 7 years[Category II](https://indextb.com/files/2020/11/a34fc914-6cdd-4fd6-8773-502017da4334_taluka%20category.pdf)7% on Term Loan with a maximum amount of ₹30,00,000/- per annum for a period of 6 years [Category III](https://indextb.com/files/2020/11/a34fc914-6cdd-4fd6-8773-502017da4334_taluka%20category.pdf) &amp;amp;amp; Municipal Corporation Areas6% on Term Loan with a maximum amount of ₹25,00,000/- per annum for a period of 5 years> **Additional Subsidy:** 1% extra interest subsidy for registered startups in the service sector with Udyam/MSME Registration.
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Required Documents
| # | Document |
|---|---|
| 1 | Printed copy of the application along with declaration and undertaking in the application form signed by an authorized person, including their designation and name with the enterprise's stamp. |
| 2 | Copy of acknowledgment of Udyog Aadhaar / Udyam Registration. |
| 3 | Copy of term loan sanction letter. |
| 4 | Copy of term loan account statement / bank certification of first disbursement certificate. |
| 5 | Copy of the constitution of the enterprise (registered partnership deed for partnerships). |
| 6 | Copy of DPR of the enterprise (for projects up to ₹5 crores); for projects above ₹5 crores, DIC will ask for a bank appraisal report. |
| 7 | Shop & Establishment Certificate (for service sector enterprises in municipal corporations). |
| 8 | Copy of GST registration (if applicable). |
| 9 | Copy of PAN card of the enterprise. |
| 10 | Copy of ITR for the last financial year showing plant & machinery value (new enterprises must submit a self-declaration for the first time). |
| 11 | Copy of birth certificate/school leaving certificate (for entrepreneurs under 35 years as of the bank loan sanction date). |
| 12 | Copy of caste certificate from a competent authority. |
| 13 | Copy of certificate for differently abled persons from a competent authority. |
| 14 | Copy of CTE issued by the GPCB (if applicable). |
| 15 | Self-certified/certified copy of documents such as 7/12 Utara, Namuna 6, copy of index, property card, etc. (any one). |
| 16 | NA permission (if applicable). |
| 17 | Copy of notarized rent deed (agreement) with the owner's proof/affidavit for ownership of land/property. |
| 18 | Copy of lease deed (agreement) with the owner's proof of ownership of land/property. |
| 19 | Copy of the property tax receipt (for service activities). |
| 20 | Board resolution for signing authority (in case of partnerships, LLPs, Pvt. Ltd., or Limited Companies). |
| 21 | Declaration and undertaking regarding other investments in Gujarat. |
| 22 | Annexure of the balance sheet showing the gross fixed capital investment of the previous financial year. |
| 23 | CA certificate showing the gross fixed capital investment before initiating expansion/diversification/forward or backward integration. |
How to Apply in Gujarat
Step-1: Visit the Investor Facilitation Portal (IFP) 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 r…
Online Step-1: Visit the Investor Facilitation Portal (IFP) 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 Investor Facilitation Portal (IFP) 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.
Common questions in Gujarat
Who can apply for Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Service Sector) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Service Sector). Refer to the eligibility section above for the complete checklist.
What documents are required for Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Service Sector) in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Service Sector)?
Key dates are summarized in the table on this page, from 7 August 2020 through 7 August 2020, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
It is a special scheme introduced under the Industrial Policy 2020 to provide financial assistance and support to Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs in the MSME sector.