The “Assistance for Interest Subsidy to MSMEs (Manufacturing)” provides an interest subsidy on term loans to support micro-enterprises in manufacturing.
Benefits
| Category of Taluka | Quantum of Incentive |
|---|---|
| Category 1 | 7% on Term Loan (max ₹35,00,000/- p.a. for 7 years) |
| Category 2 | 6% on Term Loan (max ₹30,00,000/- p.a. for 6 years) |
| Category 3 & Municipal areas | 5% on Term Loan (max ₹25,00,000/- p.a. for 5 years) |
Eligibility
- Micro/Small/Medium enterprise registered with MSME Ministry or DPIIT.
- New or expanding/diversifying.
- Must submit application within one year of first loan disbursement or commercial production.
Exclusion
- Defaulted loan repayments.
- Term loans sanctioned more than one year after starting production.
Application Process
Link- https://ifp.gujarat.gov.in/DIGIGOV/
Online via IFP portal.
Documents Required
- Udyam Registration.
- Term loan sanction letter and disbursement certificate.
- Constitution documents (Partnership deed, etc.).
- DPR/Bank appraisal report.
- GST and PAN cards.
- ITR/Self-declaration.
- Caste/Disability certificates (if applicable).
- NA permission/Property documents.
Disclaimer
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