AI SummaryAatmanirbhar Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy supports manufacturing growth in Gujarat by giving interest subsidy on term loans to large industrial units. This helps these units reduce their borrowing costs while creating more jobs across the state.
Aatmanirbhar Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy
Aatmanirbhar Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy is a key part of the state's push to help large-scale manufacturers grow. These industries work as the backbone of the economy, driving exports, state GDP, and employment. As of August 2026, the scheme is still open for applications and continues to accept new registration for eligible projects.
The scheme is operative from October 5, 2022, until October 4, 2027. It gives interest subsidy on term loans so that eligible industrial units find it easier to invest in expansion and diversification projects. Under this scheme, the state reimburses a part of the interest paid on term loans taken for eligible fixed capital investment.
Key Information
Below are the main details of the scheme at a glance.
| Scheme Name | Aatmanirbhar Scheme for assistance to Large Industries and Thrust Sector: Assistance of Interest Subsidy |
|---|---|
| Level | State |
| Scheme For | Infra |
| Beneficiary State | Gujarat |
| Category | Business & Entrepreneurship |
| Target Beneficiaries | Industries and Business Entities |
| Benefit Type | Cash subsidy |
| Nodal Department | Industries and Mines Department |
| Open Date | October 5, 2022 |
Benefits
Eligible units can receive long-term financial support through interest subsidy on their term loans. The benefit depends on the taluka classification and whether the business falls under the general or thrust sector. The interest subsidy is 7% on the term loan, given for a period of 6 to 10 years, with an annual cap that is linked to the effective Fixed Capital Investment (eFCI).
| Category of Taluka | General | Thrust |
|---|---|---|
| Category 1 | 7% interest subsidy on term loan for 10 years (up to 1% of eFCI p.a.) | 7% interest subsidy on term loan for 10 years (up to 1.2% of eFCI p.a.) |
| Category 2 | 7% interest subsidy on term loan for 8 years (up to 1% of eFCI p.a.) | 7% interest subsidy on term loan for 10 years (up to 1% of eFCI p.a.) |
| Category 3 | 7% interest subsidy on term loan for 6 years (up to 1% of eFCI p.a.) | 7% interest subsidy on term loan for 8 years (up to 1% of eFCI p.a.) |
Note: Check the list of taluka categories here.
Eligibility
To qualify for this subsidy, an applicant should meet the following criteria:
- The unit must be a new large industrial undertaking, or an existing one that carries out expansion or diversification.
- The applicant must have the required registration or acknowledgment from DPIIT.
- The facility should begin commercial production within the active period of the scheme, that is from October 5, 2022, to October 4, 2027.
Exclusions
A unit is not eligible for this interest subsidy if it has already claimed incentives for the same Gross Fixed Capital Investment (eFCI) under another state government scheme or its agency, unless this is specifically allowed. Also, penalties and additional charges levied by the financial institution are not covered under this subsidy.
Application Process
Registration Process
Applications are made online through the official Investor Facilitation Portal (IFP).
STEP 1 - Visit the Investor Facilitation Portal (IFP) and click on 'New Investor Registration'.
STEP 2 - Fill in the registration form with all the required business details, then click on 'Submit'.
STEP 3 - Verify the email address using the link sent to your registered email.
STEP 4 - After verification, your registration is complete and you can proceed.
Applying for the Subsidy
STEP 1 - Log in to the IFP portal using the email address and password used during registration.
STEP 2 - Click on the 'Login' button to enter your account.
STEP 3 - Fill in the project details and submit all the mandatory documents to complete your online application.
Documents
Keep these documents ready before applying for the claim. The list below covers what is generally required.
- Bank certificate for the claim period.
- Certified term loan statement from the financial institution for the claim period.
- First sale bill, required only for the first claim.
- Purchase, sale, and electricity bills for the last month of the claim period.
- Attendance or salary register for the last month of the claim period.
- Employment statement in the prescribed format for the last month of the claim period.
- Details of apprentices, if applicable.
- Valid insurance policy for fixed assets.
- Sanction letter from the new bank, if a loan take-over has occurred.
- No due certificate from the previous bank.
- Authority letter with board resolution and company details.
- Pan Card.
- Cancelled cheque.
Definitions
Large Industrial Undertaking
A unit where the fixed capital investment in plant and machinery exceeds ₹50 crores and which holds a valid Industrial Entrepreneurs Memorandum or equivalent license from the Government of India.
Thrust Sector
These are high-potential industries that need extra support so that they can remain competitive globally.
Gross Fixed Capital Investment (GFCI)
This covers the total investment in land, building, plant, machinery, tools, and other assets required for manufacturing.
References
Use these official sources for full scheme details and forms.
Official scheme page | Official Guidelines | Document Checklist
FAQ's
What is this scheme?
This is a state scheme that supports the growth of large industries in Gujarat by giving financial help through interest subsidy on term loans.
When is the scheme operative?
The scheme is operative from October 5, 2022, to October 4, 2027, covering a period of five years.
What is the benefit offered?
Eligible units can get a 7% interest subsidy on their term loans for a period of 6 to 10 years, depending on the project type, taluka category, and sector.
Can this be combined with a central subsidy?
Yes, an undertaking can apply alongside Government of India subsidies, as long as it continues to pay at least 2% of the interest on the term loan itself.
What if there is a loan default?
The unit will not get the subsidy for any period during which the loan is in default according to RBI guidelines.