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Atma Nirbhar Gujarat Scheme for Assistance to Mega Industry

The Atma Nirbhar Gujarat Scheme offers a comprehensive suite of incentives for mega industries, helping businesses grow and thrive in Gujarat. Here are the key benefits available:

1. Assistance of Interest Subsidy

Quantum of Interest Subsidy: Eligible businesses can receive an interest subsidy at 7% on Term Loans, capped at 1.2% of Eligible Fixed Capital Investment per annum for up to 10 years.

  • A minimum of 2% interest must be borne by the business on each term loan from financial institutions.
  • If availing an interest subsidy from the Government of India, the state subsidy will ensure the business still bears at least 2% of the interest.

2. SGST Reimbursement on Sales

Quantum of Incentive: Eligible projects are entitled to 100% reimbursement of net SGST, with a cap of 0.9% of Eligible Fixed Capital Investment per annum for up to 20 years, beginning from the commencement of commercial production.

3. Reimbursement of SGST Paid on Capital Goods

Quantum of Incentive: Eligible mega industrial units can claim 100% reimbursement of SGST paid on capital goods during the investment period, as per the Gujarat GST Act 2017.

4. Reimbursement of EPF Contributions

Quantum of Incentive: Businesses can claim reimbursement of the employer’s statutory contribution to EPF for new employees in Gujarat for up to 10 years from the start of commercial production.

  • Covers 100% of the employer’s EPF contribution, capped at 12% of the employee’s basic salary, Dearness Allowance (DA), and retaining allowance, or INR 1,800 per month, whichever is lower.

5. Reimbursement of Stamp Duty and Registration Fees

Quantum of Incentive: Eligible mega industrial units can claim 100% reimbursement of stamp duty and registration fees paid for the purchase or lease of land for their project.

 
     
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