On the west coast of India is one of its most industrialized states. This land of fairs and festivals is a popular tourist destination, with a very rich heritage of local art and crafts.
From creating the unique Patola of Patan to the production of oil and natural gas in Ankleswar, Cambay and Kalol, Gujarat is at the forefront of promising commercial pursuits.
11 Gujarat Govt. Schemes under ‘Swavalamban Abhiyaan’
1. Pro-poor initiatives to promote self reliance especially among the youth and women
2. Pandit Dindayal Upadhyaya Young Entrepreneurs Scheme: Benefit in interest on self employment loan to ITI passed apprentice
Incentives for MSME under new industrial policy
1. New scheme of cash assistance on term loan of banks: Maximum Rs. 15 lakh in municipal corporation areas and Rs. 25 lakh in other areas.
2. Interest aid hike for MSME units: SC, ST, women, differently able and young entrepreneurs to get additional 1% assistance.
3. Rs. 50 lakh assistance through equity/loan under Venture capital assistance.
4. Rs. 50 lakh assistance for technology acquisition.
5. Assistance in credit guarantee to SME fee to set up industrial unit to women, SC, ST, differently abled.
Interest Subsidy to modern Jewellery Units: Interest subsidy is provided to modern jewellery units for establishment of new units/ modernisation /diversification /expansion of existing units @ 3% per annum with a ceiling of 15 lakhs per annum.
Market Development Scheme: Ministry of Industries & Commerce, Gujarat, provides MSME’s assistance for packaging design from recognized institutes @ 50% of total cost of packaging design upto a maximum of 2 lakh/- .For participation in International Trade Fairs , financial assistance of 50% of total cost of rent of space /stall is paid to the organizer upto a maximum of 2 lakhs/-
Patent Registration Scheme: Financial assistance upto 50% of expenditure incurred on obtaining patents, subject to a maximum of 10 lakhs/- for domestic patents & 25 lakhs/- for international patents is provided by Ministry of Industries & Commerce, Gujarat.
Prime Ministers Employment Generation Programme: Financial assistance is provided for employment generation through establishment of micro enterprises.Upto 25 lakhs/- is provided for setting up of industry business and upto 10 lakhs/- for services. Beneficiary contribution is 10% for General Category and 5% for SC/ST/OBC/Border Areas/ex-servicemen/Disabled etc.For General Category 15% subsidy is given to urban areas and 25% subsidy to rural areas.For other categories 25% subsidy is given to urban areas and 35% subsidy to rural areas.
Carpet Industries Scheme: Under this scheme training is provide to the beneficiaries for 6 months to a batch of 50.Financial Assistance is provided to the trainees for setting up of looms and are also paid stipend during the training period by the Department of Industries & Mines, Govt. of Gujarat
Shree Vajpayee Bankable Yojana: In order to promote self employment among the unemployed educated persons and artisans , loans are provided.For a small sized industry or services a maximum of 5 lakhs/- and for retail business a maximum of 2 lakhs/- is provided. 40% subsidy is given for loans upto 30,000/- for SC/ST and 25 % subsidy is given to the rest and 50 % subsidy is given to the handicapped beneficiaries. For loans above 30000/-, 30 % subsidy is given to ST, 25% subsidy to SC, 20% to others and 40% subsidy to the handicapped.
Infrastructure Development Scheme: Grant-in-aid is provided by the Department of Agriculture & Co-operation, Govt of Gujarat for setting up of common infrastructural facilities.90% grant is released by APEDA and 10% from other public sector agency.For purchase of specialized transport units for animal products, horticulture products etc, financial assistance of 40 % is provided subject to a limit of 7.5 Lakhs.
Integrated Cold Chain Grant Scheme: The objective of the scheme of Cold Chain, Value Addition and Preservation Infrastructure is to provide integrated cold chain and preservation infrastructure facilities without any break from the farm gate to the consumer. It covers pre-cooling facilities at production sites, reefer vans, mobile cooling units as well as value addition centres which includes infrastructural facilities like Processing/ Multi-line Processing/ Collection Centres, etc. for horticulture, organic produce, marine, dairy, meat and poultry etc. Individual or group of entrepreneurs can set up integrated cold chain and preservation infrastructure with business interest in cold chain solutions.50% of total cost of plant & project is provided as grant in aid under this scheme.
Center of Excellence in Entrepreneurship & Technology
1. Follows a model of idea identification through SpartUps at colleges, followed by grooming and then formal incubation to take the startup to the next level.
2. Guided by an advisory council led by NR Narayana Murthy
Entrepreneurship Development Institute of India
1. An autonomous and non-profit institute, supported by the state government.
2. It has helped set up twelve state-level centres and also runs a premier PGDM-BE, a full time two year residential program for entrepreneurs and managers.
Center of Innovation, Incubation and Entrepreneurship (CIIE), IIM-A also provides a large platform for the youth entrepreneurs of the state.
Centre for Social Entrepreneurship and Enterprises, Institute of Rural Management, Anand
1. Helps to undertake research focused towards inception, growth, issues and impediments to social entrepreneurship and enterprises and promote efforts of individuals, and organizations towards establishing sustainable organizations with a primary objective of creating social surplus more than organizational and individual surplus.
2. Promotes entrepreneurship among IRMAns and support them through networking with other organizations to create viable organizations oriented towards overall mission of IRMA, as also seek interfaces with Government programs to promote social entrepreneurship and enterprises.
MSME’s ESDP: The Ministry of MSME is committed to training of youth to be employable. The training is imparted through the modality of apex organizations namely National Institute for Entrepreneurship & Small Business Development (NIESBUD), Indian Institute of Entrepreneurship (IIE), National Institute for Micro, Small and Medium Enterprises (NI-MSME), National Small Industries Corporation Ltd (NSIC). To enhance the outreach of trainee, these apex organizations not only impart training themselves but also through various Partner Institutions.
In Summary – Gujarat and Entrepreneurship:
Overcoming a major challenge of agriculturally unproductive land, Gujarat has matured as an ideal playground for entrepreneurs of vision. In fact, through key small businesses agriculture, animal husbandry and dairy farming have played vital roles in building the rural economy of Gujarat.
To know more about how Gujarat is building a vibrant entrepreneurship ecosystem, click here.
Data Sources for Gujarat:
Note: Policy details provided here are for the purpose of information only. Please verify the latest information from the relevant Government or MSME website of the state. Other data and information is curated from various websites and public documents. In case you have any corrections, additions, or suggestions, please share the same with us, and we’ll be happy to incorporate them here.