Subsidy

Unlock the Full Potential of Your Business with Expert Subsidy Advisory

At Windson and Co., we are dedicated to supporting businesses across various industries with our expertise in Working Capital Management, Liquidity Management, Project Finance, Wealth Management, Growth Stage Investing, Investment Banking, and Capital Markets. Our mission is to empower our clients’ growth by providing custom-tailored business solutions that are renowned for their quality, integrity, and excellence. Leveraging our technological, managerial, and business acumen, we deliver dependable services that address the unique challenges faced by businesses today.

What Kind of Subsidy Advisory Services we Provide ?

Assistance to MSMEs:

Eligibility • Micro, Small, and Medium Enterprises (MSMEs) as defined under the MSMED Act, 2006.
• Enterprises with fixed capital investment in Plant and Machinery within the specified limits:
   – Micro: Up to ₹1 crore
   – Small: More than ₹1 crore and up to ₹10 crore
   – Medium: More than ₹10 crore and up to ₹50 crore
Requirements • Proof of MSME classification as per the MSMED Act, 2006.
• Compliance with the guidelines of the Atmanirbhar Gujarat Scheme.
• Submission of necessary documents as specified in the scheme guidelines.
Benefits Capital Subsidy:
   – Category 1: 25% of term loan amount up to ₹35 lakhs (for Micro enterprises)
   – Category 2: 20% of term loan amount up to ₹30 lakhs (for Micro enterprises)
   – Category 3: 10% of term loan amount up to ₹10 lakhs (for Micro enterprises)
Interest Subsidy:
   – Category 1: 7% on term loan up to ₹35 lakhs per annum for 7 years
   – Category 2: 6% on term loan up to ₹30 lakhs per annum for 6 years
   – Category 3: 5% on term loan up to ₹25 lakhs per annum for 5 years
Net SGST Reimbursement:
   – Category 1: 100% for 10 years up to 7.5% of Eligible Fixed Capital Investment (eFCI) per annum
   – Category 2: 90% for 10 years up to 6.5% of eFCI per annum
   – Category 3: 80% for 10 years up to 5% of eFCI per annum
EPF Reimbursement: 100% reimbursement of employer contribution up to 12% of basic pay or ₹1,800 per month per employee, whichever is less, for 10 years
Electricity Duty Exemption: 100% exemption for 5 years
Key Details Operative Period: October 5, 2022, to October 4, 2027
Eligible Investment Period: Investments made from the date of issue of the Government Resolution (GR) and within 12 months from the date of commencement of commercial production/rendering services
Option to Choose Between Schemes:
   – MSMEs that commenced production before the GR date can avail incentives under the previous scheme
   – MSMEs that applied under the previous scheme but haven’t commenced production before the GR date can opt for either scheme within 6 months
   – New applications after the GR date will be considered under this scheme

Assistance to Large Industries and Thrust Sector:

Eligibility • Large Industrial Units and enterprises operating within the Thrust Sectors as defined by the Government of Gujarat.
• Units must be established and operational within the state of Gujarat.
Requirements • Submission of a detailed project report outlining the proposed investment and operations.
• Compliance with the guidelines and criteria specified under the Atmanirbhar Gujarat Scheme.
• Necessary approvals and clearances from relevant state authorities.
Benefits Interest Subsidy:
   – Category 1: 7% on term loan for 10 years, up to 1% of Eligible Fixed Capital Investment (eFCI) per annum.
   – Category 2: 7% on term loan for 8 years, up to 1% of eFCI per annum.
   – Category 3: 7% on term loan for 6 years, up to 1% of eFCI per annum.

Net SGST Reimbursement:
   – Category 1: 100% for 10 years, up to 7.5% of eFCI per annum.
   – Category 2: 90% for 10 years, up to 6.5% of eFCI per annum.
   – Category 3: 80% for 10 years, up to 5% of eFCI per annum.

EPF Reimbursement:
   – 100% reimbursement of employer contribution up to 12% of basic pay or ₹1,800 per month per employee, whichever is less, for 10 years.

Electricity Duty Exemption:
   – 100% exemption for 5 years.

Key Details Operative Period:
   – October 5, 2022, to October 4, 2027.

Thrust Sectors Include:
   – Green Energy Ecosystem (e.g., Green Hydrogen, Renewable Energy Equipment).
   – Mobility (e.g., Electric Vehicles, Auto Components).
   – Capital Equipment (e.g., Industrial Machinery, Telecom Equipment).
   – Metals and Minerals (e.g., Metal Processing, Ceramics).
   – Textile & Apparel (e.g., Technical Textiles, Garments).
   – Sustainability (e.g., Waste Recycling Equipment).
   – Agro Processing (e.g., Food Processing).
   – Gems and Jewellery (e.g., Lab Grown Diamonds).
   – Healthcare (e.g., Pharmaceuticals, Medical Devices).

Additional Notes:
   – Enterprises must adhere to environmental and regulatory standards as specified by the state.
   – Detailed guidelines and application procedures are available in the official scheme document.

Assistance to Mega Industries:

Eligibility • Mega Industrial Units with a minimum fixed capital investment as specified by the Government of Gujarat.
• Units must be established and operational within the state of Gujarat.
Requirements • Submission of a comprehensive project report detailing the proposed investment and operational plans.
• Adherence to the guidelines and criteria outlined in the Atmanirbhar Gujarat Scheme.
• Acquisition of necessary approvals and clearances from relevant state authorities.
Benefits Interest Subsidy:
   – 12% of eligible fixed capital investment (eFCI) per annum for a period of 10 years.

Net SGST Reimbursement:
   – 100% reimbursement for a period of 20 years, up to 15% of eFCI per annum.

EPF Reimbursement:
   – 100% reimbursement of the employer’s contribution up to 12% of basic pay or ₹1,800 per month per employee, whichever is less, for a period of 10 years.

Electricity Duty Exemption:
   – 100% exemption for a period of 10 years.

Key Details Operative Period:
   – October 5, 2022, to October 4, 2027.

Additional Notes:
   – Mega Industries are defined based on their fixed capital investment thresholds as specified by the Government of Gujarat.
   – Enterprises must comply with environmental and regulatory standards as mandated by the state.
   – Detailed guidelines and application procedures are available in the official scheme document.

Assistance for Environment Protection Measures:

Eligibility • Micro, Small, and Medium Enterprises (MSMEs) and Large Industrial Units operating within Gujarat.
• Units must undertake projects aimed at environmental protection and sustainable industrial practices.
Requirements • Submission of a detailed project report outlining the environmental protection measures to be implemented.
• Compliance with the guidelines specified under the Scheme for Assistance for Environment Protection Measures.
• Necessary approvals and clearances from relevant state environmental authorities.
Benefits Financial Assistance:
   – For MSMEs: Up to 35% of the cost of machinery, with a ceiling of ₹35 lakhs during the operative period of the scheme.
   – For Large Projects: Up to 10% of the cost of plant and machinery, with a ceiling of ₹35 lakhs during the operative period of the scheme.

Eligible Activities and Corresponding Assistance:
   1. **Implementation of Cleaner Production Technology:**
     – Up to 35% of the cost of machinery, with a ceiling of ₹35 lakhs for MSMEs.
     – Up to 10% of the cost of plant and machinery, with a ceiling of ₹35 lakhs for Large Projects.

   2. **Periodic Environmental Audits:**
     – Up to 75% of the fees for audit services, with a ceiling of ₹50,000 per audit, once during the operative period of the scheme.

   3. **Installation of Online Continuous Stack Emission Monitoring Systems (CSEMS):**
     – Assistance as per scheme guidelines.

   4. **Green Building Certification:**
     – Up to 50% of consulting charges, with a ceiling of ₹2.5 lakhs, for industrial buildings obtaining green ratings from recognized bodies like IGBC, LEED, or GRIHA.

   5. **Setting Up of Environment Management Systems and Laboratories:**
     – Up to 50% of the cost of equipment, with a ceiling of ₹10 lakhs, once during the operative period of the scheme.

   6. **Purchase of Equipment for Safety, Occupational Health, or Environmental Compliance for Industrial Clusters:**
     – Up to 35% of the cost of equipment or systems, with a ceiling of ₹35 lakhs per cluster of a minimum of 10 units.

Key Details Operative Period:
   – August 7, 2020, to August 6, 2025.

Additional Notes:
   – The scheme aims to promote sustainable industrial growth by supporting eco-friendly practices and ensuring compliance with environmental norms.
   – Detailed guidelines and application procedures are available in the official scheme document.

Assistance to Logistic Parks:

Eligibility • Industrial Associations or enterprises registered under the Societies Act, Partnership Act, Trust Act, Companies Act, or Special Purpose Vehicles (SPVs) constituted for setting up Logistic Parks.
• The Logistic Park should be developed in a minimum area of 20 hectares.
Requirements • Submission of a detailed project report outlining the proposed Logistic Park, including infrastructure facilities and services to be provided.
• Compliance with the guidelines specified under the Scheme for Assistance to Logistic Parks.
• Necessary approvals and clearances from relevant state authorities.
Benefits Financial Assistance:
   – 25% of the eligible Fixed Capital Investment (excluding the cost of land and transport vehicles), with a maximum ceiling of ₹15 crores.

Stamp Duty Reimbursement:
   – 100% reimbursement of stamp duty paid on the purchase of land for the Logistic Park.

Key Details Operative Period:
   – August 7, 2020, to August 6, 2025.

Infrastructure Facilities:
   – The Logistic Park should provide facilities for cargo aggregation/segregation, distribution, inter-modal transfer of material and containers, open and closed storage, ambient condition storage for transit periods, custom bonded warehouses, container freight stations, material handling equipment, and business & commercial facilities as required for efficient movement and distribution of semi-finished or finished products.

Additional Notes:
   – The Logistic Park must be completed within three years from the date of approval by the Industries Commissioner.
   – The institution shall be responsible for maintaining the Logistic Park for at least ten years after its completion.
   – Detailed guidelines and application procedures are available in the official scheme document.

Assistance for Industrial Infrastructure:

Eligibility • Industrial Associations, Industrial Parks, or Special Purpose Vehicles (SPVs) formed by a group of industries.
• Entities must be registered under the Societies Act, Partnership Act, Trust Act, Companies Act, or any other relevant Act.
• The proposed project should be located within the state of Gujarat.
Requirements • Submission of a detailed project report outlining the proposed infrastructure development, including cost estimates and implementation timelines.
• Compliance with the guidelines specified under the Scheme for Assistance for Industrial Infrastructure.
• Necessary approvals and clearances from relevant state authorities.
• Proof of land possession or lease agreement for the proposed project site.
Benefits Financial Assistance:
   – Up to 60% of the project cost for common infrastructure facilities, with a maximum ceiling of ₹10 crores per project.
   – For projects in areas other than the 8 Municipal Corporations, the assistance can be up to 80% of the project cost, with the same maximum ceiling.

Eligible Infrastructure Facilities:
   – Roads, drainage, water supply, power supply, effluent treatment plants, and other facilities as approved by the State Level Approval Committee (SLAC).

Key Details Operative Period:
   – August 7, 2020, to August 6, 2025.

Additional Notes:
   – The project must be completed within two years from the date of approval by the SLAC.
   – The applicant entity is responsible for the operation and maintenance of the infrastructure facilities for a minimum period of 10 years after completion.
   – Detailed guidelines and application procedures are available in the official scheme document.

Financial Assistance to Industrial Parks:

Eligibility • Private developers, industrial associations, or any other entities registered under relevant acts intending to develop new industrial parks in Gujarat.
• The proposed industrial park should have a minimum area of 20 hectares and house at least 10 industrial units.
Requirements • Submission of a detailed project report (DPR) outlining the master plan, infrastructure facilities, and financial details.
• Compliance with the guidelines specified under the Scheme for Financial Assistance to Industrial Parks.
• Necessary approvals and clearances from relevant state authorities.
• Proof of land possession or lease agreement for the proposed project site.
Benefits Financial Assistance:
   – Up to 25% of the eligible fixed capital investment (excluding the cost of land), with a maximum ceiling of ₹30 crores per park.

Stamp Duty Reimbursement:
   – 100% reimbursement of stamp duty paid on the purchase of land for the industrial park.

Key Details Operative Period:
   – August 7, 2020, to August 6, 2025.

Infrastructure Facilities:
   – The industrial park should provide essential infrastructure such as roads, water supply, power supply, drainage, and other common facilities.

Additional Notes:
   – The project must be completed within three years from the date of approval by the State Level Approval Committee (SLAC).
   – The developer is responsible for the operation and maintenance of the industrial park for a minimum period of 10 years after completion.
   – Detailed guidelines and application procedures are available in the official scheme document.

Assistance for Startups and Innovation:

Eligibility • Startups registered under the Companies Act, 2013, or the Partnership Act, 1932, or as a Limited Liability Partnership (LLP) under the LLP Act, 2008.
• The startup should be working towards innovation, development, or improvement of products or processes, or services, and/or have scalable business models with a high potential for employment generation or wealth creation.
• The entity should not have been formed by splitting up or reconstructing an already existing business.
Requirements • Submission of a detailed project report outlining the innovative idea, business model, and projected financials.
• Recommendation from a recognized Nodal Institute approved by the Government of Gujarat.
• Compliance with the guidelines specified under the Scheme for Assistance for Startups/Innovation.
• Necessary approvals and clearances from relevant state authorities, if applicable.
Benefits Seed Support:
   – Up to ₹30 lakh assistance for product development, marketing, and professional assistance.

Sustenance Allowance:
   – ₹20,000 per month for one year.
   – ₹25,000 per month for one year if the startup has at least one woman co-founder.

Additional Support:
   – Assistance up to ₹1 lakh for obtaining national and international patents.
   – Assistance up to ₹3 lakh for participation in national and international recognized acceleration programs.
   – Interest subsidy of 8% per annum for a period of 3 years on loans obtained from scheduled banks or financial institutions, with a maximum limit of ₹2 lakh per year.

Key Details Operative Period:
   – August 7, 2020, to August 6, 2025.

Nodal Institutes:
   – Recognized institutions approved by the Government of Gujarat to support and mentor startups.
   – Responsible for evaluating startup proposals and recommending them for assistance under the scheme.

Additional Notes:
   – The startup should not have received similar financial assistance from any other Government of Gujarat scheme.
   – Detailed guidelines and application procedures are available in the official scheme document.

Capital Subsidy to Large Industries and Thrust Sector:

Eligibility • New industrial units or existing units undertaking expansion or diversification that commence commercial production during the operative period of the scheme.
• Units operating in specified thrust sectors or general sectors as defined by the policy.
Requirements • Submission of a detailed project report outlining the proposed investment, including cost estimates and implementation timelines.
• Compliance with the guidelines specified under the Scheme for Capital Subsidy to Large Industries and Thrust Sectors.
• Necessary approvals and clearances from relevant state authorities.
• Proof of land possession or lease agreement for the proposed project site.
Benefits Capital Subsidy:
   – The subsidy percentage varies based on the category of the taluka and the sector (thrust or general) in which the unit operates. The categories are defined as follows:

Category General Sectors Thrust Sectors
Category I Taluka 10% of eligible Fixed Capital Investment (excluding land) 12% of eligible Fixed Capital Investment (excluding land)
Category II Taluka 8% of eligible Fixed Capital Investment (excluding land) 10% of eligible Fixed Capital Investment (excluding land)
Category III Taluka & Municipal Corporation Area 4% of eligible Fixed Capital Investment (excluding land) 6% of eligible Fixed Capital Investment (excluding land)

   – The eligible capital subsidy will be disbursed over a period of 10 years from the date of commercial production in equal annual installments, subject to an annual ceiling of ₹40 crores.
   – If the total eligible capital subsidy is not disbursed within the initial 10-year period due to the annual ceiling limit, the disbursement period may be extended further up to 10 additional years, maintaining the same annual ceiling limit.

Key Details Operative Period:
   – August 7, 2020, to August 6, 2025.

Thrust Sectors:
   – Sectors identified as high-priority by the Government of Gujarat, which may include industries such as electrical machinery, industrial machinery, auto and auto components, technical textiles, agro and food processing, pharmaceuticals, and others as specified in the policy.

Additional Notes:
   – The unit must comply with all applicable environmental and labor regulations.
   – Detailed guidelines and application procedures are available in the official scheme document.

Assistance to GIDC for Development of Multi-Storeyed Sheds for MSEs:

Eligibility • Gujarat Industrial Development Corporation (GIDC) is the primary implementing agency for this scheme.
• The scheme focuses on developing multi-storeyed sheds in saturated estates to accommodate Micro and Small Enterprises (MSEs).
Requirements • GIDC is responsible for identifying suitable locations within saturated estates where land scarcity is a constraint.
• Development of detailed project reports (DPRs) outlining the design, infrastructure facilities, and financial estimates for the proposed multi-storeyed sheds.
• Compliance with building codes, safety regulations, and environmental norms during construction.
• Allocation of constructed sheds to MSEs through a transparent and fair process.
Benefits Financial Assistance:
   – The state government provides financial support to GIDC for the development of multi-storeyed sheds.
   – This initiative aims to optimize land use in industrial estates and provide affordable industrial spaces to MSEs.

Support to MSEs:
   – MSEs benefit from ready-to-use industrial spaces, reducing the initial capital expenditure on land and building.
   – Access to common infrastructure facilities and amenities within the industrial estate.

Key Details Operative Period:
   – The scheme is operative from August 7, 2020, to August 6, 2025.

Implementation Strategy:
   – GIDC will undertake the construction of multi-storeyed sheds in a phased manner based on demand assessments.
   – Priority will be given to saturated estates where horizontal expansion is not feasible.

Additional Notes:
   – The scheme aims to promote industrial growth by efficiently utilizing available land resources.
   – Detailed guidelines, including the application process for MSEs to acquire sheds, are provided in the official scheme document.

Dr. Babasaheb Ambedkar Udhyog Uday Yojana for SC and ST Entrepreneurs:

Eligibility • Enterprises registered as MSMEs under the MSMED Act, 2006, with the respective District Industries Centre (DIC) as manufacturing enterprises.
• The enterprise must be wholly (100%) owned by SC/ST entrepreneurs.
• The entrepreneur should possess a valid Udyog Aadhaar registration.
• The applicant must be above 18 years of age.
• The enterprise should have received its first term loan disbursement on or after April 1, 2017.
• The enterprise must commence commercial production during the operative period of the scheme.
Requirements • Submission of a detailed project report outlining the proposed investment, including cost estimates and implementation timelines.
• Compliance with the guidelines specified under the Dr. Babasaheb Ambedkar Udhyog Uday Yojana.
• Necessary approvals and clearances from relevant state authorities.
• Proof of land possession or lease agreement for the proposed project site.
• The enterprise must adhere to pollution control measures as prescribed by the Gujarat Pollution Control Board (GPCB) or other competent authorities.
Benefits Capital Subsidy:
   – For manufacturing sector enterprises:
     – **Category I Taluka:** 30% of the term loan, up to a maximum of ₹40 lakhs.
     – **Category II Taluka:** 25% of the term loan, up to a maximum of ₹35 lakhs.
     – **Category III Taluka & Municipal Corporation Areas:** 15% of the term loan, up to a maximum of ₹15 lakhs.

Interest Subsidy:
   – For eligible fixed capital investments exceeding ₹10 crore:
     – **Category I Taluka:** Additional ₹10 lakhs per annum at 8% interest subsidy for a period of 7 years, with a maximum cap of ₹35 lakhs per annum.
     – **Category II Taluka:** Additional ₹7.5 lakhs per annum at 7% interest subsidy for a period of 6 years, with a maximum cap of ₹30 lakhs per annum.
     – **Category III Taluka & Municipal Corporation Areas:** Additional ₹5 lakhs per annum at 6% interest subsidy for a period of 5 years, with a maximum cap of ₹25 lakhs per annum.

Additional Incentives:
   – 1% additional interest subsidy for differently-abled entrepreneurs, women entrepreneurs, and registered startups in the manufacturing sector.
   – 1% additional interest subsidy for young entrepreneurs below the age of 35 years as of the date of term loan sanction.

Note: The maximum rate of interest subsidy will not exceed 9%, 8%, or 7% for interest subsidies of 7%, 6%, and 5% respectively. Enterprises must bear a minimum of 2% interest on the term loan from the bank or financial institution.

Key Details Operative Period:
   – The scheme is operative from August 7, 2020, to August 6, 2025.

Terms and Conditions:
   – Only one expansion, diversification, or modernization activity will be eligible for assistance during the policy period.
   – Term loans sanctioned or disbursed for second-hand assets are not eligible for incentives under this scheme.
   – Loans must be sanctioned by banks or financial institutions as per RBI guidelines; loans from Non-Banking Financial Companies (NBFCs) are not eligible.
   – Enterprises availing assistance under this scheme are not entitled to benefits under any other State Government scheme, unless specified.
   – Enterprises must furnish annual details of production, sales, turnover, and employment to the concerned DIC before the end of September each year.

Additional Notes:
   – The scheme aims to promote industrial growth among SC/ST entrepreneurs by providing financial assistance for setting up, expansion, and modernization of enterprises.
   – Detailed guidelines and application procedures are available in the official scheme document.

Market Development Assistance to MSMEs:

Eligibility • Micro, Small, and Medium Enterprises (MSMEs) in the manufacturing sector registered in Gujarat.
• MSMEs participating in exhibitions or trade fairs at the State, National, or International levels.
• The scheme is applicable for participation within India and abroad.
Requirements • Submission of an application in the prescribed format to the concerned authority before participation.
• Proof of MSME registration in Gujarat.
• Details of the exhibition or trade fair, including organizer information, dates, and venue.
• Original receipts or invoices of stall rent and other related expenses.
• A brief report on the benefits or outcomes of participation in the event.
Benefits Financial Assistance for Participation:
   – **State Level Exhibitions:**
     – Assistance of 75% of stall rent, up to a maximum of ₹50,000 per exhibition.

   – **National Level Exhibitions:**
     – Assistance of 75% of stall rent, up to a maximum of ₹1,00,000 per exhibition.

   – **International Level Exhibitions within India:**
     – Assistance of 75% of stall rent, up to a maximum of ₹2,00,000 per exhibition.

   – **International Exhibitions Abroad:**
     – Assistance of 60% of stall rent, up to a maximum of ₹5,00,000 per exhibition.

Frequency of Assistance:
   – An individual unit or association can avail assistance for participation:
     – Up to 5 times for exhibitions within India during the policy period.
     – Up to 3 times for international exhibitions abroad during the policy period.

Key Details Operative Period:
   – The scheme is operative from August 7, 2020, to August 6, 2025.

Additional Notes:
   – The assistance is provided to encourage MSMEs to market their products at national and international levels, enhancing their competitiveness.
   – Detailed guidelines, including the application process and required documentation, are provided in the official scheme document.

Assistance to MSEs for Sheds Developed by Private Developers:

Eligibility • Micro and Small Enterprises (MSEs) defined under the MSMED Act, 2006.
• Applicable to units operating in sheds developed by private developers.
Requirements • Proof of MSE classification.
• Compliance with the Gujarat Industrial Policy 2020 guidelines.
Benefits • Financial support to offset high land and construction costs in urban areas.
• Encourages growth, innovation, and employment opportunities.
Key Details • Operative Period: August 7, 2020, to August 6, 2025.
• Targets MSEs struggling to start or expand due to rising urban land prices.

Why Choose Us ?

Why Choose Windson and Co.?

  • Expertise: Years of experience in financial and subsidy advisory.
  • Customized Solutions: Tailored strategies for businesses of all sizes.
  • Proven Track Record: Success stories and satisfied clients.
  • End-to-End Support: Comprehensive support from application to implementation.

How It Works

Our Working Procedure

  • Consultation: Initial consultation to understand your business needs.
  • Assessment: Detailed assessment of your eligibility for various subsidies.
  • Application: Assistance with application preparation and submission.
  • Follow-Up: Continuous follow-up with authorities for timely approvals.
  • Implementation: Support during the implementation phase.

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