Government of Gujarat, to promote the business of Micro, Small and Medium enterprise has formed various subsidies like Interest Subsidy, Capital Subsidy, Technology acquisition subsidy, Market Development Assistance, Assistance for patent registration, SME IPO Subsidy etc.
What is SME IPO?
Our nations 2 major stock exchange has created new platform for listing of companies which are Small or Medium enterprises to give then opportunity to be listed and raise funds from public through SME IPO. BSE SME & NSE Emerge are the exchange platforms for the SME Companies
Let’s today discuss on eligibility, period and procedure for SME IPO Subsidy.
All About SME IPO Subsidy
Who is eligible?
Any organization which is covered under The MSMED Act, 2006 as Micro, Small or Medium Enterprise and has Udhyog Adhaar Number.
What is the quantum of subsidy?
Subsidy available is up to 20% of total cost incurred for raising fund through SME Exchange subject maximum cap of Rs. 5 Lacs.
Application should be for raising equity through SME Exchange for the enterprise to be setup in Gujarat, subsidy will be sanctioned & disbursed by IC Office, Gandhinagar.
Procedure for getting subsidy
The application is to be in form AF-08 as per the checklist in form CL-08 with all relevant documents to be submitted to Industries Commissioner, Gandhinagar.
On receipt of application will be verified and scrutinized and sanctioned by IC office.
Disbursement of amount of assistance will be done by IC office on availability of the fund, on successful raising of fund through equity & commencement of production of the proposed project.
Validity of scheme
From 01/01/2015 to 31/12/2019, At present subsidy is further extended for the period of 6 months up to 30/06/2020.
How much time it take?
This is most important question that every applicant has, generally it takes around 4-6 months to get it completely processed up to disbursement of fund. Recently government has also streamlined the procedure by introducing online platform for application of subsidy. Through this it is expected that time taken for this process will reduce.
Forms which are required to be filled
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