Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance to GIDC for Developing Multi-Storied Shed in Estates

DBT (direct benefit transfer): No

Scheme open date: 2020-08-07

Categories: Business & Entrepreneurship

Sub-categories: Setting up / start-up / entrepreneurship

Target beneficiaries: Business Entity, Individual

Tags: Business, Entrepreneurship, MSMEs, Start Up, Multi Storied Shed, Scheduled Caste, Scheduled Tribe

• Financial Assistance: 1. SC/ST entrepreneurs can receive up to 70% of the allotment price as a subsidy. 1. Entrepreneurs need to pay only 30% of the allotment price to take possession of the shed

What is the "Dr. Babasaheb Ambedkar Udyog Uday Yojana"?

It is a special scheme introduced under the Industrial Policy 2020 to provide financial assistance and support to Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs in the MSME sector.

What sectors are prioritized under the Industrial Policy 2020?

The policy prioritizes industries such as Auto and Auto Components, Chemicals and Petrochemicals, Pharmaceuticals, Cement, Textiles, Engineering, Gems and Jewellery, and Ceramics.

How does the scheme promote export competitiveness?

The scheme emphasizes "Vocal for Local to become Global," strengthening integrated value chains and encouraging MSMEs to enhance their export potential.

What is the duration of the scheme?

The scheme is effective from August 7, 2020, and will remain in operation until August 6, 2025.

What is the objective of this component "Assistance to GIDC for Developing Multi-Storied Shed in Estates"?

The component "Assistance to GIDC for Developing Multi-Storied Shed in Estates" provides assistance for constructing multi-storied industrial sheds to support SC/ST entrepreneurs.

Who is eligible to apply for this scheme?

SC/ST entrepreneurs who own Micro or Small Enterprises (MSEs) and wish to set up their business in a GIDC multi-storied shed complex are eligible to apply.

What percentage of financial assistance is provided under this scheme?

Eligible enterprises can receive up to 70% of the allotment price as a subsidy.

What is the procedure for acquiring a shed under this scheme?

The entrepreneur must pay 30% of the allotment price to take possession of the shed. After that, GIDC will submit a claim for the remaining 70% subsidy to the MSME Commissionerate.

What type of businesses can apply for this scheme?

Only manufacturing and service sector enterprises are eligible under this scheme. Trading businesses are not permitted.

Can an entrepreneur apply for more than one shed?

No, GIDC will allot only one shed per entrepreneur under this scheme.

What infrastructure is provided in the allotted sheds?

The sheds will include electricity, water, drainage, sanitation, and lift facilities for material and manpower transport.

Is there a deadline for starting production in the allotted shed?

Yes, the entrepreneur must commence production within the time period specified by GIDC.

Who decides the allotment price of the shed?

GIDC determines the price and submits it for approval to the State-Level Empowered Committee (SLEC).

When will the subsidy amount be disbursed?

The 70% subsidy will be released based on the availability of government grants.

• Micro, Small and Medium Enterprise
• New Enterprise
• Existing Enterprise
• Expansion
• Gross Fixed Capital Investment (GFCI)
• Forward integration, Backward Integration and Diversification
• Term Loan
• Pipeline Enterprises

• https://www.myscheme.gov.in/schemes/bauuyadmse
• https://ic.gujarat.gov.in/documents/commondoc/2020/2-GR_02092020.pdf
• https://ifp.gujarat.gov.in/IC/digigov.htm?actionFlag=loadCitizenRegPage

• Guidelines
• Online Application Portal