The “Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector” is a state initiative designed to support and strengthen the Large Industry and Thrust sector in Gujarat. It aims to enhance growth, encourage investments, and contribute to the vision of self-reliant Gujarat and India.

The scheme is operative from October 5, 2022, to October 4, 2027, covering a period of 5 years.

The scheme aims to boost Large Industry growth, enhance the industrial ecosystem, encourage investments, and contribute to Gujarat’s and India’s self-reliance vision.

Large Industries established and operating within Gujarat are eligible to benefit from the scheme, as per the criteria defined in the policy framework.

The "Assistance of Interest Subsidy" component is a financial support initiative designed to reimburse a portion of the interest paid on term loans by large industrial undertakings to encourage industrial growth, expansion, and diversification.

Large industrial undertakings, including new projects, expansion projects, and diversification projects, are eligible to apply for this subsidy if they meet the specified criteria.

The scheme offers an interest subsidy of 7% on term loans for eligible projects.

The subsidy is provided for a maximum duration of 10 years, depending on the category of the project.

The applicant must bear a minimum of 2% of the interest levied on the term loan, even if additional subsidies are availed from the Government of India.

Yes, an undertaking can apply for this subsidy alongside subsidies from the Government of India, but the total benefit will ensure that at least 2% of the interest is borne by the applicant.

If an undertaking defaults on loan payments, it will not be eligible to receive the interest subsidy for the default period, as determined by RBI guidelines.

No, penalties or additional charges levied by the financial institution are not covered under this subsidy.

Yes, loans from multiple financial institutions can be included, but the date of the first disbursement of the loan will be considered as the earliest disbursement date.

The interest subsidy is reimbursed periodically after verification of compliance with the scheme’s guidelines and repayment terms.

Applicants can choose the eligibility start date as either the date of the first loan disbursement or the date of commencement of commercial production.

No, only term loans used for Eligible Fixed Capital Investment (eFCI) are eligible under this scheme.