The “Assistance of Interest Subsidy” component provides financial support to large industrial undertakings by reimbursing a portion of the interest paid on term loans.
Benefits
| Category of Taluka | General | Thrust |
|---|---|---|
| Category 1 | 7% on Term Loan for 10 years (up to 1% of eFCI p.a.) | 7% on Term Loan for 10 years (up to 1.2% of eFCI p.a.) |
| Category 2 | 7% on Term Loan for 8 years (up to 1% of eFCI p.a.) | 7% on Term Loan for 10 years (up to 1% of eFCI p.a.) |
| Category 3 | 7% on Term Loan for 6 years (up to 1% of eFCI p.a.) | 7% on Term Loan for 8 years (up to 1% of eFCI p.a.) |
Eligibility
- New large industrial undertaking or existing one undertaking expansion/diversification.
- Registered with DPIIT.
- Must commence commercial production during scheme period.
Application Process
Link- https://ifp.gujarat.gov.in/DIGIGOV/
Online via IFP portal. Submit required business details and mandatory documents after registration.
Documents Required
- Bank Certificate for Claim Period.
- Term Loan Account statement.
- First Sale Bill.
- Employment Statement and Attendance Register.
- Valid Insurance Policy for Fixed Assets.
- Pan Card and Cancelled Cheque.
Disclaimer
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