Financial Assistance to Industrial Parks: Assistance on Fixed Capital Investment
At a Glance
Scheme Category
Business & Entrepreneurship,Setting up / start-up / entrepreneurship
Target Beneficiaries
Business Entity,Industries
Brief Description
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.
Benefit Type
Cash
Eligibility Criteria
- 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.
Application Mode
Online
Application Process
> Registration Process: Step-1: Visit the <nis:link nis:type=webUrl nis:id=slugId nis:text="Investor Facilitation Portal (IFP)" nis:value=https://ifp.gujarat.gov.in/DIGIGOV/ nis:enabled=true/> 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 <nis:link nis:type=webUrl nis:id=slugId nis:text="Investor Facilitation Portal (IFP)" nis:value=https://ifp.gujarat.gov.in/DIGIGOV/ nis:enabled=true/> 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: <nis:link nis:type=webUrl nis:id=slugId nis:text="Contact Here" nis:value=https://ifp.gujarat.gov.in/DIGIGOV/IFP-pages/contact.jsp?pagedisp=static nis:enabled=true/>
Required Documents
- For Registration: Copy of Registration for Constitution of Developer Company/Firm. (Industries Association/any enterprise registered under Societies Act, Partnership Act, or the Companies Act or SPV). Copy of PAN Card of Developer Company/Firm. 7/12 of Survey No. for Land in which Industrial Park to be developed. Village Map of Land in which Industrial Park to be developed (with Highlighted Survey/Block Nos.). Lay-out of the proposed Industrial Park (Certified by Approved Civil Engineer/Architect). Project Report. Notarized Affidavit in Prescribed Format . For Approval: Copy of Registration for Constitution of Developer Company/Firm (Industries Association/any enterprise registered under Societies Act, Partnership Act, or the Companies Act or SPV). Copy of PAN Card of Developer Company/Firm. 7/12 of Survey No. & 8A Khata Details for Land in which Industrial Park to be developed. Copy of Sale Deed & Index-2 of Land purchased for Industrial Park. Village Map of Land in which Industrial Park to be developed (with Highlighted Survey/Block Nos.). Approved Lay-out Plan from Concerned Govt. Authority for the proposed Industrial Park. Detailed Project Report (containing component-wise Estimates as per Prevailing SOR of concerned Govt. Department or its undertakings, Features and Scope of Industrial Park, Benefits to industrial units to be established, etc.). CA Certified Net Worth of the Developer Company/Firm/Promoters. Authority Letter/Board Resolution for signing on behalf of Developer Company/Firm (if applicable). If you have applied to Central Government for incentives/assistance under any scheme of GOI, then give Details (Sanction Letter, Approval Letter, Disbursement, etc.). Notarized Affidavit in Prescribed Format . For Claim: Duly attested copy of Sanction Letter with Annexure for Land Details issued under the scheme from Industries Commissionerate. Cancelled Bank Cheque and duly attested copy of PAN Card of Developer Company/Firm. CA Certificate for Expenditure incurred (containing details as per prescribed Format ). Component-wise CA Certified Expenditure Statements (Components as per Sanction Letter) (containing details as per prescribed Format ). Component-wise Cost (Components as per Sanction Letter) as per relevant SOR of concerned Govt. Department or its undertakings certified by approved Chartered Engineer for Claim Duration (containing details as per prescribed Format ). TPQA (Third Party Quality Assurance) Certificate for the Quality of Work done for the Industrial Park (TPQA agency must be selected from the approved/suggestive list of Central/State Government department or Board/Corporation) (containing details as per prescribed Format ). Color Photographs of developed Infrastructure Facilities. Project Completion Certificate for the Industrial Park from approved Civil Engineer/Architect or TPQA (If Project is completed) (containing details as per prescribed Format). If you have applied to State Government for incentives/assistance under any other scheme of GOG for the same project, then provide Details. (Details of Scheme, Registration, Sanction, Approval, etc. received under that scheme; Component-wise Quantum of Assistance sanctioned, disbursed, if any.) If you have applied to Central Government for incentives/assistance under any scheme of GOI for the same project, then provide Details. (Details of Scheme, Registration, Sanction, Approval, etc. received under that scheme; Component-wise Quantum of Assistance sanctioned, disbursed, if any.) Notarized Affidavit for Claim in Prescribed Format .
FAQs
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 "Assistance on Fixed Capital Investment" component?
The component "Assistance on Fixed Capital Investment", is designed to encourage the development of Industrial Parks by reimbursing a portion of eligible fixed capital investments.
Who is eligible to apply for this assistance?
Industrial Parks that include eligible fixed capital investments, such as new buildings, infrastructure facilities, and residential facilities for workers, are eligible to apply for this assistance.
What types of expenses are considered eligible for assistance?
Eligible expenses include the construction of new buildings, internal roads, power substations, water distribution facilities, sewage systems, and dormitories for workers, as per the SLEC-approved norms.
Is the cost of land purchase covered under this assistance?
No, the cost of land purchase, land development, and related expenses are explicitly excluded from eligibility for this assistance.
What is the maximum amount of financial assistance available?
Industrial Parks can receive up to ₹30,00,00,000/- for infrastructure development and up to ₹20 crores for hostel/dormitory construction, depending on the type and location of the park.
Is prior approval from the State Level Empowered Committee (SLEC) required?
Yes, all projects must obtain prior approval from the SLEC for eligibility before claiming any financial assistance.
Do Industrial Parks in Vanbandhu Taluka receive additional assistance?
Yes, Industrial Parks located in Vanbandhu Taluka are eligible for 50% financial assistance, with a maximum limit of ₹30,00,00,000/-, which is higher than the general rate.
Are technical consultant fees or preliminary expenses eligible for assistance?
No, fees for technical consultants, as well as preliminary and pre-operative expenses, are not eligible for financial assistance.
What are Schedule of Rates (SOR) norms?
SOR norms are cost estimation guidelines set by concerned government departments, which define the eligible construction costs for various infrastructure projects.
Can applicants claim assistance for expenses incurred before receiving approval?
No, only expenses incurred after receiving approval from the SLEC are eligible for financial assistance.
Are transportation equipment and vehicles covered under this assistance?
No, expenses related to transportation equipment or vehicles are not eligible for financial assistance under this scheme.