Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Technology Acquisition

Description
The scheme "Dr.Babasaheb Ambedkar Udyog Uday Yojana" is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state& 39;s dynamic MSME sector, which significantly contributes to employment, GDP, and exports. Effective from August 7th, 2020 to August 6th, 2025, this initiative supports SC/ST entrepreneurs and strengthens MSMEs, making them globally competitive. The component "Assistance for Technology Acquisition" supports enterprises in acquiring appropriate technology for their product or process, covering up to 70% of the cost including royalty payments for the first 2 years.

Exclusions
• Assistance will not be eligible for purchase of any plant and machinery or equipment.

Definitions
Micro, Small and Medium Enterprise
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/2-GR_02092020.pdf)

New Enterprise
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/2-GR_02092020.pdf)

Existing Enterprise
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/2-GR_02092020.pdf)

Expansion

Gross Fixed Capital Investment (GFCI)
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/2-GR_02092020.pdf)

Forward integration, Backward Integration and Diversification
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/2-GR_02092020.pdf)

Term Loan
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/2-GR_02092020.pdf)

Pipeline Enterprises
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/2-GR_02092020.pdf)

Benefits
• Financial Assistance: Covers 70% of the cost of technology acquisition, up to ₹50,00,000/-.

Eligibility Criteria
1. The firm must be a Micro/Small/Medium enterprise run by SC/ST entrepreneur.
2. New and existing enterprises engaged in manufacturing or process improvement.
3. The enterprise must acquire technology from a recognized institution.
4. The technology must be relevant to the product or process of the enterprise.
5. The MoU/Agreement/Contract must be signed within one year.
6. The enterprise must obtain prior approval from the MSME Commissionerate.
7. > **Note:**
8. - **SC/ST Enterprise:** SC/ST Enterprise means the enterprise in which contribution of SC/ST entrepreneur is 51% or more.

Application Process
Step 1: 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.

Required Documents
• Copy of Udyam/IEM/LOI Registration certificate.
• Constitution of Enterprise (Memorandum of association, partnership deed, etc).
• Power of attorney / Board Resolution of Authorized Signatory/consent letter.
• Copy of signed & stamped MOU/Agreement/Contract regarding technology acquisition.
• Patent certificate of technology (if applicable).
• CA certificate regarding fixed capital investment.
• Copy of bills of expenditure incurred.
• Copy of the highlighted bank statement.
• Copy of self-certified shareholding pattern (if applicable).
• Brief description of technology with notes on benefits, outcome/result after adoption of technology on letterhead.
• Audited report with balance sheet/Annual Audit Report (latest, if applicable).
• Project report/Technical Presentation regarding technology.
• Term loan detail as per bank sanction letter (if applicable).
• PAN card of enterprise, promoters/directors/partners, and authorized signatory.
• GST registration certificate (if applicable).
• Technology provider report.
• GPCB consent (if applicable).
• Proposed cost of project and means of finance for technology to be acquired.
• Supporting documents for SC/ST enterprise.

Frequently Asked Questions
Q: What is the "Dr. Babasaheb Ambedkar Udyog Uday Yojana"?
A: 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.

Q: What sectors are prioritized under the Industrial Policy 2020?
A: The policy prioritizes industries such as Auto and Auto Components, Chemicals and Petrochemicals, Pharmaceuticals, Cement, Textiles, Engineering, Gems and Jewellery, and Ceramics.

Q: How does the scheme promote export competitiveness?
A: The scheme emphasizes "Vocal for Local to become Global," strengthening integrated value chains and encouraging MSMEs to enhance their export potential.

Q: What is the duration of the scheme?
A: The scheme is effective from August 7, 2020, and will remain in operation until August 6, 2025.

Q: What is the primary objective of the "Assistance for Technology Acquisition" scheme-component?
A: The scheme-component aims to support enterprises by providing financial assistance for acquiring appropriate technology to enhance their products or processes.

Q: Who is eligible to apply for the Assistance for Technology Acquisition scheme?
A: Any new or existing enterprise engaged in manufacturing or process improvement is eligible to apply for the scheme.

Q: What percentage of the technology acquisition cost does the scheme cover?
A: The scheme covers 70% of the total cost of technology acquisition, subject to a maximum of [?]50 lakh.

Q: Does the scheme provide financial assistance for royalty payments?
A: Yes, the scheme includes assistance for royalty payments for the first two years.

Q: Can an enterprise use the scheme to purchase machinery or equipment?
A: No, the scheme does not provide assistance for the purchase of plant, machinery, or equipment.

Q: What is the time limit for signing an MoU, agreement, or contract with a technology provider?
A: The enterprise must sign an MoU, agreement, or contract within one year of receiving approval.

Q: Is prior approval from the MSME Commissionerate required before applying?
A: Yes, enterprises must obtain prior approval from the MSME Commissionerate before applying for the scheme.

Q: Are service-based businesses eligible to apply for this scheme?
A: No, the scheme is only applicable to manufacturing and process improvement enterprises.

Q: Can an enterprise acquire technology from a foreign company under this scheme?
A: Yes, the scheme allows enterprises to acquire patented technology from both Indian and foreign companies.

Q: What happens if an enterprise fails to sign an agreement within one year?
A: If an enterprise fails to sign the agreement within one year, it will not be eligible for assistance under the scheme.