GANDHINAGAR/AHMEDABAD: Just before the state assembly polls, Gujarat CM Bhupendra Patel on Wednesday launched ‘Atmanirbhar Gujarat Schemes for Aid to Industries’, launching a series of incentives for micro, small and medium enterprises, large and mega industries of the State. The government aims to attract investments worth Rs 12.5 lakh crore to create jobs for around 15 lakh youth.
As part of the scheme, MSME and large companies will be eligible for 75% net SGST refund on fixed capital investment for 10 years, employee provident fund refund for 10 years and exemption from electricity tax for five years.
The benefits of the scheme will be spread across 10 sectors, including green energy ecosystem, mobility, capital equipment, metals and minerals, textile and apparel, sustainability, agro-processing, chemicals, gems and jewelery and health.
The program aims to attract industries and investors and thereby create employment opportunities on a large scale. “Gujarat is a land of entrepreneurs. The state is India’s manufacturing hub. The scheme will be instrumental in providing special assistance needed by industries to enable them to become part of global supply chains,” said CM Patel.
According to Gujarat CM Bhupendra Patel, the scheme will also encourage industries towards green manufacturing practices and adopt decarbonisation initiatives. Under the scheme, micro industries will attract capital subsidy of up to Rs 35 lakh, MSMEs will get interest subsidy of up to Rs 35 lakh per annum for up to 7 years and incremental incentives will be extended to women entrepreneurs, young entrepreneurs, start-ups and people with skills different entrepreneurs
On the other hand, large and mega industries will receive interest subsidy up to 12% on fixed capital investment. Additionally, mega investors with at least Rs 2,500 crore investment and employment commitment of 2,500 people will also get SGST net rebate of up to 18% on fixed capital investment for 20 years and 100% of input SGST paid on goods of capital will be repaid over 20 years. Apart from the 100% refund of stamp duty and registration charges paid to the government for the purchase and/or lease of land earmarked for the project Minister of State for Industries Jagdish Vishwakarma said, “33 thousand SMEs in Gujarat were major contributors to Gujarat’s inclusive growth.and generation of sustainable employment opportunities especially in semi-urban and rural India.Industrial assistance schemes will transform Gujarat’s manufacturing landscape in the coming years.

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