The “Assistance for Interest Subsidy to MSMEs (Service Sector)” provides an interest subsidy on term loans for new machinery, equipment, and furniture/fixtures in the service sector.
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 in the service sector.
- New MSMEs only.
- Application within one year of first disbursement or starting service.
Application Process
Link- https://ifp.gujarat.gov.in/DIGIGOV/
Online via IFP portal.
Documents Required
- Udyam registration and PAN/GST cards.
- Term loan documents.
- DPR and Shop & Establishment certificate.
- ITR/Caste/Disability certificates.
- NA permission and rent/lease deeds.
Disclaimer
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