The "Scheme for Assistance for Start Ups/ Innovation" 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, aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions.

The component "Interest Subsidy" provides financial support to startups with innovative ideas across various sectors. Startups approved under this scheme are eligible for an additional interest subsidy of 1%, up to a maximum of 9%, on term loans for MSME assistance.

The maximum interest subsidy available under the scheme is 9% on term loans.

Any individual or group of individuals with an innovative idea or concept that is recommended by an approved Nodal Institution is eligible to apply for the scheme.

Yes, the scheme is sector-agnostic and supports innovative projects across all sectors, including science, technology, agriculture, engineering, and healthcare.

Yes, startups benefiting under SSIP are also eligible to avail assistance under this scheme.

No, startups formed by splitting or reconstructing an existing business are not eligible for the scheme.

No, startups availing incentives under other Gujarat Government startup schemes, except SSIP, are not eligible for this scheme.

The Nodal Institution evaluates, validates, and recommends startup project proposals to the Office of the Industries Commissioner for approval.

No, the scheme supports all kinds of innovation, regardless of the sector, making it inclusive and sector-agnostic.