Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Interest Subsidy (Manufacturing Sector)

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 (Manufacturing Sector)" provides financial relief to enterprises in the manufacturing sector by offering an interest subsidy on term loans. Additional benefits are available for women entrepreneurs, differently-abled entrepreneurs, startups, and young entrepreneurs below 35 years of age.

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 & Municipal Corporation Areas6% on Term Loan with a maximum amount of ₹25,00,000/- per annum for a period of 5 years

• The firm must be a Micro/Small/Medium enterprise run by SC/ST entrepreneur.
• The enterprise must be a manufacturing enterprise.
• The enterprise must be engaged in the manufacturing sector.
• The term loan should be availed from a recognized bank or financial institution.
• The loan must be sanctioned before the enterprise starts commercial production.
• If the enterprise installs a solar/renewable energy plant, it must be for captive consumption.
• The enterprise must bear a minimum of 2% interest on the term loan.
• The application must be submitted within the prescribed timeline.

> Note:

• SC/ST Enterprise: SC/ST Enterprise means the enterprise in which contribution of SC/ST entrepreneur is 51% or more.

• Enterprises whose term loan is sanctioned after one year from the commencement of commercial production.
• Enterprises defaulting on loan repayments as per RBI and bank guidelines.
• Enterprises seeking reimbursement for penal interest or other bank charges.
• Enterprises availing interest subsidy under any Central Government scheme where the total subsidy exceeds the total interest paid.

Online

Registration Process:

Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "New Investor Registration" to access the registration form.
Step-2: Fill in the Registration Form. Click on "Submit".
Step-3: Verify the E-mail ID using the link sent on your registered E-mail ID.
Step-4: After verification, you will be registered successfully.

Post-Registration Process:

Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "Login".
Step-2: Enter the email address and password you used during registration.
Step-3: Click the "Login" button to access your account.
Step-4: Now fill in the required details and mandatory documents about your business to complete the application process.

Helpdesk: Contact Here.