FAITIF

Financial Assistance to Industrial Parks: Infrastructure Facilities

The scheme "Financial Assistance to Industrial Parks" under the Gujarat Industrial Policy aims to boost industrial growth through financial assistance, modern technologies, and enhanced facilities for industrial parks and clusters.

State Cash

States / UT: Gujarat

Nodal department: Industries and Mines Department

Scheme for: Infra

Scheme profile

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, Industries

Tags: Industrial Parks, Entrepreneurship, Fixed Capital Investment

Details

The scheme "Financial Assistance to Industrial Parks" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Industrial Policy. Effective from August 7th, 2020 to August 6th, 2025, it aims to boost industrial growth through financial assistance, modern technologies, and enhanced facilities for industrial parks and clusters.
The component "Infrastructure Facilities", is designed to encourage the development of Industrial Parks by reimbursing a portion of eligible fixed capital investments.

Benefits

  • - Comprehensive Support: Development of critical infrastructure like roads, power, water, and communication for industrial operations. - Support for Residential Facilities: Up to 25% of the cost of constructing hostels or dormitories for domiciled workers, with a maximum limit of ₹20,00,00,000/-
  • Comprehensive Support: Development of critical infrastructure like roads, power, water, and communication for industrial operations. - Support for Residential Facilities: Up to 25% of the cost of constructing hostels or dormitories for domiciled workers, with a maximum limit of ₹20,00,00,000/-.

Eligibility

  • Industries Association / any enterprise registered under the Societies Act, Partnership Act, Trust Act, Companies Act or SPV constituted for setting up of Industrial Park shall be eligible to develop Industrial Park under this scheme.

Exclusions

The following expenditures are ineligible for assistance under the scheme:

  • Expenditure on the purchase of land and land development.
  • Payments related to goodwill fees, commissioning fees, and royalty.
  • Costs associated with preliminary and pre-operative expenses.
  • Interest capitalized during the project.
  • Costs for transportation equipment or vehicles.
  • Payments for technical fees or consultant fees.
  • Any expenditure on working capital or items not explicitly mentioned as eligible investments.
  • Any other expenditure classified as ineligible by the State Level Empowered Committee (SLEC).

Application Process

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

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

What is the objective of the scheme "Financial Assistance to Industrial Parks" ?
The scheme "Financial Assistance to Industrial Parks" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Industrial Policy. Effective from August 7th, 2020 to August 6th, 2025, it aims to boost industrial growth through financial assistance, modern technologies, and enhanced facilities for industrial parks and clusters.
What are infrastructure facilities in an Industrial Park?
Infrastructure facilities include roads, power distribution, water supply, communication systems, sewage, parking, and other utilities required for the park's operations.
What is the financial assistance available for infrastructure facilities?
Financial assistance of up to 25% of the cost of Hostel/Dormitory Housing for domiciled workers is available, with a maximum limit of ₹20,00,00,000/- (excluding land costs).
What costs are considered eligible for financial assistance?
Only costs incurred for constructing approved infrastructure facilities, as per SOR norms or with SLEC approval, are considered eligible for financial assistance.
Are land costs included in the financial assistance?
Land costs are not included in the financial assistance provided for infrastructure development in an Industrial Park.
What is the significance of SOR norms in determining construction costs?
SOR (Schedule of Rates) norms ensure standardization and fairness in construction cost estimation for infrastructure development.
Who is eligible for financial assistance for infrastructure development?
Industrial Parks that provide approved infrastructure facilities and have prior approval for constructing Hostel/Dormitory Housing for domiciled workers are eligible for financial assistance.
Is prior approval necessary for constructing worker dormitories?
Yes, obtaining prior approval from the relevant authority is mandatory for receiving financial assistance for constructing worker dormitories.
What happens if the construction cost exceeds the SOR norms?
If the construction cost exceeds SOR norms, the project requires approval from the SLEC to remain eligible for financial assistance.

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status