Scheme for Assistance to Logistic Park

StateCash

At a Glance

Scheme Category

Business & Entrepreneurship,Setting up / start-up / entrepreneurship

Target Beneficiaries

Industries

Brief Description

The "Scheme for Financial Assistance to Logistic Parks" aims to promote the development of logistic parks to enhance infrastructure and streamline the supply chain across the state.

Benefit Type

Cash

Eligibility Criteria

- Industries Association / any enterprise registered under the Societies Act, Partnership Act, Trust Act, Companies Act or Special Purpose Vehicle (SPV) constituted for setting up of Logistics Park shall be eligible to develop a Logistic Park under this scheme. - The institution must intend to develop a logistic park as per the approved guidelines of the State Level Empowered Committee (SLEC). - The institution should possess 100% ownership of the land required for the project. - Projects under execution before obtaining registration will not qualify for assistance. - Assistance is only available for infrastructure-related Fixed Capital Investment (excluding land cost and vehicles). - Projects should be completed within 3 years from the date of approval, with a possible 1-year extension under exceptional circumstances.

Application Mode

Offline

Application Process

Step 1: Submit an <nis:link nis:type=webUrl nis:id=slugId nis:text="application" nis:value=https://ic.gujarat.gov.in/documents/commondoc/2020/LP_Application%20Form%20for%20Registration.pdf nis:enabled=true/>to the <nis:link nis:type=webUrl nis:id=slugId nis:text="Industries Commissionerate" nis:value=https://ic.gujarat.gov.in/ic-contact.aspx nis:enabled=true/> for project registration with an <nis:link nis:type=webUrl nis:id=slugId nis:text="Affidavit" nis:value=https://ic.gujarat.gov.in/documents/commondoc/2020/LP_Affidavit%20for%20Registration.pdf nis:enabled=true/>and other mandatory documents. Step 2: After taking 100 % possession of the purchased land, Prepare and submit a Detailed Project Report (DPR) and approved layout plan to the Industries Commissionerate for financial assistance sanction. Step 3: The Industries Commissionerate will scrutinize the application and present it before the SLEC for approval. Step 5: Submit claims for assistance in the <nis:link nis:type=webUrl nis:id=slugId nis:text="prescribed format" nis:value=https://ic.gujarat.gov.in/documents/commondoc/2020/LP_Application%20Form%20for%20Approval.pdf nis:enabled=true/> an <nis:link nis:type=webUrl nis:id=slugId nis:text="Affidavit" nis:value=https://ic.gujarat.gov.in/documents/commondoc/2020/LP_Affidavit%20for%20Approval.pdf nis:enabled=true/>and <nis:link nis:type=webUrl nis:id=slugId nis:text="other mandatory documents" nis:value=https://ic.gujarat.gov.in/documents/commondoc/2020/LP_Affidavit%20for%20Approval.pdf nis:enabled=true/>.

Required Documents

For Registration:
Self-Attested Application Form .
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 Logistic Park to be developed.
Village Map of Land in which Logistic Park to be developed (with Highlighted Survey/Block Nos.).
Lay-out of the proposed Logistic Park(Certified by Approved Civil Engineer/Architect).
Project Report.
Notarized Affidavit .
For Approval:
Self-Attested Application Form .
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 Logistic Park to be developed.
Copy of Sale Deed & Index-2 of Land purchased for Logistic Park.
Village Map of Land in which Logistic Park to be developed (with Highlighted Survey/Block Nos.).
Approved Lay-out Plan from Concerned Govt. Authority for the proposed Logistic Park.
Detailed Project Report (containing component-wise Estimates as per Prevailing SOR of concern Govt. Department or its undertakings, Features and Scope of Logistic Park, Benefits to Logistic Service Beneficiaries in the park 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 .

FAQs

What is the objective of the "Scheme for Financial Assistance to Logistic Parks"?

The scheme aims to promote the development of logistic parks by providing financial assistance to institutions, improving infrastructure, and enhancing supply chain efficiency.

What percentage of financial assistance is offered under the scheme?

The scheme provides financial assistance of 25% of the eligible Fixed Capital Investment, excluding land and vehicles, up to a maximum of ₹15,00,00,000/-.

Is the cost of land purchase covered under the financial assistance?

No, the cost of land purchase and land development is not eligible for assistance under this scheme.

Are institutions eligible for reimbursement of stamp duty on land purchases?

Yes, 100% of the stamp duty paid on land purchases for approved projects is reimbursable.

Can an institution avail assistance from both State and Central Government schemes?

Yes, assistance can be availed from both schemes, but the total combined assistance should not exceed 60% of the project cost.

What is the disbursement structure for financial assistance?

Financial assistance is disbursed in four installments—at 25%, 50%, 75%, and 100% of the project cost—with the final 15% disbursed only after project completion.

What expenditures are not eligible for financial assistance under this scheme?

Expenditures such as land purchase, land development, goodwill fees, transportation equipment, working capital, consultant fees, and any expenses deemed ineligible by SLEC are not covered.

What is the maximum time allowed for project completion?

Projects must be completed within 3 years from the date of approval, with an additional 1-year extension granted under valid circumstances.

Can projects under execution before registration qualify for assistance?

No, projects already under execution before obtaining registration with the Industries Commissionerate are not eligible for assistance.

What happens if the logistic park is not maintained for 10 years after completion?

If the logistic park is not maintained for 10 years, the financial incentives disbursed will be recovered as arrears under land revenue laws.

Is it mandatory to appoint a Third Party Quality Assurance (TPQA) agency?

Yes, institutions must appoint a TPQA agency from an approved list and submit quality assurance reports with each subsidy claim.

Who evaluates and approves the applications for financial assistance?

The Industries Commissionerate evaluates the applications and forwards them to the State Level Empowered Committee (SLEC) for approval.

Can an institution apply for multiple state government schemes simultaneously?

No, institutions availing assistance under this scheme cannot avail benefits under other state government schemes unless specifically mentioned in the respective scheme.