An awareness session on ‘Promotional Schemes for Trade and Industry of Gujarat Government’ was organized by The Southern Gujarat Chamber of Commerce and Industry (SGCCI) and District Industries Center Surat. In which General Manager of District Industries Center Surat M.K. Ladani gave detailed information to the industrialists about the Gujarat Government’s incentive schemes for trade and industries such as Atmanirbhar Gujarat Yojana 2019, Gujarat Textile Policy 2019 and Logistics Policy to help industries.
General Manager of District Industries Center Surat M.K. Ladani said that all industries have been included in Atmanirbhar Gujarat schemes to help industries. In particular, it has been decided to give subsidy to micro industry on taluka basis. Micro industries located in Umarpada and Mahuva taluks of Surat district are given 25% subsidy, 20% in Bardoli and Mandvi taluks and 10% loan amount in Mangrol, Kamrej, Sion and Olpad taluks in lieu of investment.
Under the Atmanirbhar Gujarat scheme to support industries, MSMEs get reimbursement of net SGST from 100 to 80 per cent for 10 years depending on the taluka. MSMEs are therefore available annual interest subsidy of up to Rs 35 lakh per taluka for 7 years and EPF reimbursement for ten years. Under this scheme, the unit holder’s E.P.F. 12% of the reimbursement or Rs 1800 whichever is less will be returned as subsidy for five years.
Gujarat Textile Policy 2019 is only for Textile Industry. In this, MSMEs get 6 percent subsidy as interest payment. If the weaving unit has an LT connection, the unit gets a subsidy of Rs 3. Whereas subsidy of Rs 2 is available on other connections. An industrial unit with 100 employees gets 4% subsidy, 100 to 200 employees 4.5% subsidy, 200 to 500 employees 5% subsidy and more than 500 employees 6% subsidy.
Under the market development assistance in this policy, textile industrialists participating in local and state level exhibitions get a subsidy of up to Rs 50,000. Subsidy is available up to Rs.1 lakh for national level exhibitions in the country, Rs.2 lakh for international level exhibitions and up to Rs.5 lakh for exhibitions held abroad.
In addition, a subsidy of up to Rs 30 crore is given to developers for setting up industrial parks. While under the Logistics Policy, capital subsidy of up to Rs 15 crore is given for the Logistics Park.
Chamber President Himanshu Bodawala gave the welcome speech. President Elect Ramesh Vaghasia thanked everyone. Vice President-elect Vijay Mewawala and Honorary Minister Bhavesh Taylor were present. The entire session was moderated by Rajeev Kapsiawala, Chairman of the Chamber’s Government Planning Committee. While co-chairman Mayur Golwala introduced the speaker. In this awareness session, the chairman answered the questions of the office bearers and representatives of various industrial associations and then concluded the session.
