SAMSMEATA

Scheme for Assistance to Micro, Small and Medium Enterprises (MSME): Assistance for Technology Acquisition

The "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)" launched by the Industries and Mines Department aims to position Gujarat as a global business hub, promoting sustainable manufacturing, MSME growth, and export competitiveness.

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: Business, Entrepreneurship, MSMEs, Start Up

Details

The "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)" 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 entrepreneurs and strengthens MSMEs, making them globally competitive.
The component "Assistance for Technology Acquisition" supports enterprises in acquiring appropriate technology from recognized institutions for product or process improvement.

Benefits

  • 1. Financial Support: 65% of the technology acquisition cost up to ₹50 00 000/-
  • is covered.1. Royalty Payment Assistance: Includes support for royalty payments for the first 2 years
  1. Financial Support: 65% of the technology acquisition cost, up to ₹50,00,000/-, is covered.1. Royalty Payment Assistance: Includes support for royalty payments for the first 2 years.

Eligibility

  1. The firm must be a Micro/Small/Medium enterprise.
  2. The technology must be acquired from a recognized institution or technology provider.
  3. The applicant must obtain prior approval from the MSME Commissionerate within one year of signing the MoU.
  4. The technology should be related to product or process improvement.

Exclusions

  • Assistance will not be eligible for the purchase of any plant and machinery or equipment.

Application Process

Offline

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.

Documents Required

No document list is available for this scheme yet.

Definitions

  • 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

References

Apply

Apply now

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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