Aatmanirbhar Gujarat Scheme for assistance to MSMEs: Assistance for Technology Acquisition

DETAILS The "Aatmanirbhar Gujarat Scheme for MSMEs" is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state's dynamic MSME sector, which significantly contributes to employment, GDP, and exports. Effective from October 5, 2022, to October 4, 2027, this initiative supports growth, investments, and the vision of "Aatmanirbhar Gujarat" and "Aatmanirbhar Bharat." The component "Assistance for Technology Acquisition" supports enterprises in acquiring appropriate technology for their product or process, covering up to 85% of the cost including royalty payments for the first 2 years. BENEFITS Financial Assistance: Covers 65% of the technology acquisition cost. Maximum assistance of ₹50,00,000/-, including royalty payments for two years. Eligibility for Prior Costs: Enterprises opting for this scheme are eligible for assistance on expenses incurred under the previous scheme during the operative period. ELIGIBILITY The firm must be a Micro/Small/Medium enterprise. The enterprise must have obtained acknowledgment or registration from the Ministry of MSME or the Department for Promotion of Industry and Internal Trade (DPIIT), as applicable. New manufacturing enterprises or existing ones undertaking expansion or diversification are eligible. The enterprise must commence commercial production during the scheme's operative period.