Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Technology Acquisition

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 Technology Acquisition" supports enterprises in acquiring appropriate technology for their product or process, covering up to 70% of the cost including royalty payments for the first 2 years. BENEFITS Financial Assistance: Covers 70% of the cost of technology acquisition, up to ₹50,00,000/-. ELIGIBILITY The firm must be a Micro/Small/Medium enterprise run by SC/ST entrepreneur. New and existing enterprises engaged in manufacturing or process improvement. The enterprise must acquire technology from a recognized institution. The technology must be relevant to the product or process of the enterprise. The MoU/Agreement/Contract must be signed within one year. The enterprise must obtain prior approval from the MSME Commissionerate. Note: SC/ST Enterprise: SC/ST Enterprise means the enterprise in which contribution of SC/ST entrepreneur is 51% or more. Exclusions Assistance will not be eligible for purchase of any plant and machinery or equipment.