State govt launches 'Aatmanirbhar Gujarat' scheme for industries ahead of polls

With the aim to bolster to manufacturing sector in the state, Chief Minister Bhupendra Patel on Wednesday launched the 'Aatmanirbhar Gujarat' scheme to provide assistance and various incentives to industries.

"Gujarat is a land of entrepreneurs. The state is India's manufacturing hub. It is prepared to lead India in fulfilling Prime Minister Narendra Modi's call of Aatmanirbhar Bharat," the chief minister said, adding that the scheme shall encourage budding entrepreneurs to fulfil their entrepreneurial ambitions.

Patel said that the scheme would provide special assistance needed to industries to enable them to become part of the global supply chains.


Mega, heavy and micro industries as well as MSMEs (micro, small and medium enterprises) will get different types of incentives under the scheme, the chief minister said.

Under the 'Aatmanirbhar Gujarat' scheme, large enterprises will get interest subsidy of up to 12 per cent on Fixed Capital Investment, EPF (Employees' Provident Fund) reimbursement for 10 years, net State Goods and Services Tax (SGST) reimbursement of up to 75 per cent of Fixed Capital Investment over 10 years and electricity duty exemption for five years.

For MSMEs, the incentives include capital subsidy of up to Rs 35 lakh for micro Industries, interest subsidy of up to Rs 35 lakh per annum for up to 7 years, EPF reimbursement for 10 years and incremental incentives to women entrepreneurs, young entrepreneurs, startups and differently-abled entrepreneurs.

Elections in the Bharatiya Janata Party (BJP)-ruled state are slated to be held by the end of this year.

(With inputs from PTI)