Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance to MSEs for Shed Developed by Private Developer

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 to MSEs for Shed Developed by Private Developer" provides SC/ST entrepreneurs for acquiring industrial sheds in mini estates developed by private developers. It encourages industrial growth by offering support for land, building, and infrastructure costs. BENEFITS Financial Assistance: Private developers receive an additional 15% assistance on the total cost of the shed. Government Support: SC/ST entrepreneurs need to pay only 30% of the shed price, after which possession is handed over, and developers can claim assistance. Subsidized Costs: The government disburses 35% of the shed cost after the sale and the remaining amount after production begins. ELIGIBILITY The firm must be a Micro/Small/Medium enterprise run by SC/ST entrepreneur. The shed must be located in a government-approved mini estate. The entrepreneur must pay 30% of the shed cost to acquire possession. Note: SC/ST Enterprise: SC/ST Enterprise means the enterprise in which contribution of SC/ST entrepreneur is 51% or more. Exclusions Trading activity will not be eligible under the scheme.