This component of Dr.Babasaheb Ambedkar Udyog Uday Yojana supports new MSMEs in the service sector with interest subsidies on term loans used for machinery, equipment, or furniture.
Benefits
- Category I: 8% subsidy, max ₹35 Lakh/annum for 7 years.
- Category II: 7% subsidy, max ₹30 Lakh/annum for 6 years.
- Category III & Municipal Areas: 6% subsidy, max ₹25 Lakh/annum for 5 years.
- Additional Subsidy: 1% extra for registered startups.
Eligibility
- SC/ST Enterprise (51% or more contribution).
- New MSMEs in specified service activities.
- Loan sanctioned within one year before production start.
Application Process
Apply online at the IFP Portal: https://ifp.gujarat.gov.in/DIGIGOV/. Complete registration and post-registration steps.
Documents Required
- Udyam Registration copy
- Term loan sanction and disbursement proof
- Shop & Establishment Certificate
- PAN and GST copies
- Caste Certificate
- Property documents/Rent deed
- Board resolution for signing authority
Disclaimer
Hamara Neta is an independent, private application developed and maintained by HANSA AI TECHNOLOGIES. This app does NOT represent any government entity and is NOT affiliated with, endorsed by, or connected to any government body. Official government services should be accessed directly through their respective government portals.