Scheme for Assistance to Micro, Small and Medium Enterprises (MSME): Assistance in Rent to MSEs
At a Glance
Scheme Category
Business & Entrepreneurship,Setting up / start-up / entrepreneurship
Target Beneficiaries
Business Entity,Industries
Brief Description
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.
Benefit Type
Cash
Eligibility Criteria
1. The enterprise must be a Micro or Small Enterprise (MSE). 1. The enterprise must be engaged in manufacturing activities. 1. The business must have acquired a rented/leased shed for its operations. 1. The shed owner must have legal ownership and possession of the property. 1. The manufacturing unit must be consuming electricity/power for its activities. 1. The assistance will be applicable from the rent deed date or three months prior to production, whichever is later.
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
- Copy of Udyam/IEM/LOI Registration certificate. Copy of the Constitution of the enterprise. Supporting documents for SC/ST Enterprise. CA certificate for fixed capital investment. Copy of Self Certified Share Holding Pattern (If applicable). Copy of rent / Leased agreement. Copy of Rent Receipt. Copy of Lessor’s PAN Card. Copy of Property Document/ Copy of Index/Copy of sale deed and Copy of the approved plan for the project from Competent Authority/other approvals. Copy of Electricity Bill. Undertaking for any assistances from GOG and GOI. Copy of PAN Card of Enterprise, Promoters/Directors/Partners, authorized person. Copy of GST registration. (if applicable). Copy of CA Certified Balance Sheet of the last financial Year/Annual report. Copy of Bank Statement reflecting payment of Rent. Bank details for RTGS payment (Cancelled cheque). Self-Attested documents/ details to be submitted by the Authorized Person. Copy of Board Resolution/Consent Letter/Power of Attorney. Declaration for rent Agreement is not between Blood relation/ family member. Other Documents (if any).
FAQs
What is the "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)"?
The "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)" aims to position Gujarat as a global business destination by promoting sustainable manufacturing, inclusive development, and balanced regional growth.
What is the duration of the scheme?
The scheme is effective from August 7, 2020, and will remain in operation until August 6, 2025.
What is the objective of the component "Assistance in Rent to MSEs"?
The component "Assistance in Rent to MSEs" provides financial assistance to Micro and Small Enterprises (MSEs) that have acquired a rented or leased shed for manufacturing activities.
Who can apply for this assistance?
Any Micro or Small Enterprise (MSE) engaged in manufacturing activities and operating from a legally rented or leased shed is eligible to apply.
What percentage of rent is reimbursed under this scheme?
The scheme provides reimbursement of 65% of the rent paid by the enterprise, subject to a maximum limit of ₹1,00,000/- per annum.
For how many years can an enterprise receive this assistance?
The assistance is available for a maximum period of 5 years.
When does the rent assistance become applicable?
The assistance is provided from the date of the rent deed or three months before the start of production, whichever is later.
Are enterprises engaged in service or trading activities eligible for this assistance?
No, only manufacturing enterprises are eligible, while service and trading businesses are not covered under the scheme.
Is it mandatory for the manufacturing unit to consume electricity or power?
Yes, the enterprise must be consuming electricity or power as part of its manufacturing activities to qualify for the assistance.