The scheme "Dr.Babasaheb Ambedkar Udyog Uday Yojana" aims to support SC/ST entrepreneurs and strengthen MSMEs, making them globally competitive.
The scheme "Dr.Babasaheb Ambedkar Udyog Uday Yojana" aims to support SC/ST entrepreneurs and strengthen MSMEs, making them globally competitive.
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'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 Interest Subsidy (Service Sector)" provides an interest subsidy on the term loan to support micro-enterprises in the service sector.
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> Financial Assistance:
Category of Taluka Quantum of Incentive Category I8% on Term Loan with a maximum amount of ₹35,00,000/- per annum for a period of 7 yearsCategory II7% on Term Loan with a maximum amount of ₹30,00,000/- per annum for a period of 6 years Category III &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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Step 1: Online — Step 1
Visit the Investor Facilitation Portal (IFP) portal. Click on "New Investor Registration" to access the registration form.
Step 2: Online — Step 2
Fill in the Registration Form. Click on "Submit".
Step 3: Online — Step 3
Verify the E-mail ID using the link sent on your registered E-mail ID.
Step 4: Online — Step 4
After verification, you will be registered successfully. <br> > Post-Registration Process:
Step 1: Online — Step 1
Visit the Investor Facilitation Portal (IFP) portal. Click on "Login".
Step 2: Online — Step 2
Enter the email address and password you used during registration.
Step 3: Online — Step 3
Click the "Login" button to access your account.
Step 4: Online — Step 4
Now fill in the required details and mandatory documents about your business to complete the application process. <br> > Helpdesk: Contact
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.
The policy prioritizes industries such as Auto and Auto Components, Chemicals and Petrochemicals, Pharmaceuticals, Cement, Textiles, Engineering, Gems and Jewellery, and Ceramics.
The scheme emphasizes "Vocal for Local to become Global," strengthening integrated value chains and encouraging MSMEs to enhance their export potential.
The scheme is effective from August 7, 2020, and will remain in operation until August 6, 2025.
Only new MSMEs in the service sector, as listed in Annexure A and B, are eligible to apply for the interest subsidy scheme.
The subsidy covers interest on term loans taken for new machinery, equipment, and furniture/fixtures, excluding land and building.
The maximum subsidy amount depends on the Taluka category: Category I: Up to [?]35,00,000/- per annum for 7 years. Category II: Up to [?]30,00,000/- per annum for 6 years. Category III & Municipal Corporation Areas: Up to [?]25,00,000/- per annum for 5 years.
Yes, registered startups in the service sector with Udyam/MSME registration receive an additional 1% interest subsidy.
No, the application must be submitted within one year from the date of loan disbursement or before the commencement of commercial production, whichever is later.
Yes, an enterprise can avail of both subsidies; however, the total subsidy amount from both sources cannot exceed the total interest paid to the bank or financial institution.
If an enterprise defaults on loan repayment as per RBI guidelines, the interest subsidy will not be provided for the default period.
Yes, late applications will be considered with deductions for the late period from the maximum permissible subsidy.
Yes, an enterprise must have MSME/Udyam registration to be eligible for the interest subsidy scheme.
No, only new MSMEs in the service sector are eligible to apply under this scheme.
No, the interest subsidy will only cover the standard interest on the term loan and will not include penal interest or any additional bank charges.
The subsidy will be reimbursed only after the enterprise has commenced commercial production or started providing services.
Applications are accepted only on the official government portal.
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