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FAITSD

Financial Assistance to Industrial Parks: Stamp Duty

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, Stamp Duty

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 "Stamp Duty", is aimed at providing financial support to the developers of Industrial Parks and individual units located within those parks.

Benefits

  • - Assistance to Institutes: 100% reimbursement of stamp duty on the purchase of land required for the industrial park. - Assistance to Individual Units: Individual units located within the Industrial Park are eligible for a 50% reimbursement of the stamp duty paid on the purchase of plots within the park
  • Assistance to Institutes: 100% reimbursement of stamp duty on the purchase of land required for the industrial park. - Assistance to Individual Units: Individual units located within the Industrial Park are eligible for a 50% reimbursement of the stamp duty paid on the purchase of plots within the park

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


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 is the purpose of the "Stamp Duty" component?
The "Stamp Duty" component provides financial assistance to developers and individual units by reimbursing a percentage of the stamp duty paid on land or plot purchases within an approved Industrial Park.
How much reimbursement can Institute receive under this scheme?
Institute can receive 100% reimbursement of the stamp duty paid on the purchase of land for an Industrial Park.
What is the reimbursement percentage for individual units within the Industrial Park?
Individual units located within an Industrial Park are eligible for a 50% reimbursement of the stamp duty paid on the purchase of plots.
What are the conditions for developers to be eligible for the reimbursement?
Developers must purchase the total required land and complete at least 10% of the infrastructure as approved by the State-Level Empowered Committee (SLEC).
Are individual units required to meet specific conditions to apply for the reimbursement?
Yes, individual units must purchase a plot within an approved Industrial Park and provide proof of stamp duty payment to apply for reimbursement.
Is this scheme applicable to land or plots purchased outside an approved Industrial Park?
No, the reimbursement is only applicable to land or plots purchased within an approved Industrial Park.
Are individual units required to apply directly to the SLEC for reimbursement?
No, individual units need to apply through the Industrial Park authority with the necessary documents.

References

Apply

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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