Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Raising Capital through SME Exchange

DETAILS The scheme "Dr.Babasaheb Ambedkar Udyog Uday Yojana" 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 August 7th, 2020 to August 6th, 2025, this initiative supports SC/ST entrepreneurs and strengthens MSMEs, making them globally competitive. The component "Assistance for Raising Capital through SME Exchange" aims to help MSMEs raise equity capital by listing on SME Exchanges. It provides financial assistance to MSMEs for expenses incurred in this process, encouraging them to explore funding options through the capital markets. BENEFITS Financial Assistance: MSMEs can receive up to 30% of the total expenditure incurred for raising capital through SME Exchange with a maximum up to ₹5,00,000/-. Support from GVFL: Gujarat Venture Finance Limited (GVFL) may take equity in enterprises registered with the SME Exchange. ELIGIBILITY The firm must be a Micro/Small/Medium enterprise run by SC/ST entrepreneur. The enterprise must have successfully raised equity capital through an SME Exchange. Enterprise shall have to apply within one year from the listing date in SME Exchange. Note: SC/ST Enterprise: SC/ST Enterprise means the enterprise in which contribution of SC/ST entrepreneur is 51% or more.