Scheme for Assistance to Micro, Small and Medium Enterprises (MSME): Assistance for Technology Acquisition
Scheme for Assistance to Micro, Small and Medium Enterprises (MSME): Technology Acquisition Support
The “Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)” is a strategic initiative launched by the Industries and Mines Department of Gujarat. Its primary goal is to establish Gujarat as a prominent global business center, fostering sustainable manufacturing, enhancing the growth of MSMEs, and boosting export competitiveness.
Overview of the Scheme
Implemented by the Industries and Mines Department, the “Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)” is designed to empower Gujarat’s vibrant MSME sector, which plays a crucial role in generating employment, contributing to the Gross Domestic Product (GDP), and facilitating exports. This scheme will be effective from August 7, 2020, until August 6, 2025, providing significant support to entrepreneurs and fortifying MSMEs to enhance their global competitiveness. The specific component titled “Assistance for Technology Acquisition” enables enterprises to procure appropriate technology from recognized institutions, aimed at improving their products or processes.
Key Benefits
- Financial Assistance: The scheme covers 65% of the technology acquisition costs, with a maximum limit of ₹50,00,000.
- Royalty Payment Support: Assistance for royalty payments is provided for the initial two years.
Eligibility Criteria
- The applicant must be a registered Micro, Small, or Medium enterprise.
- The technology should be sourced from a recognized institution or credible technology provider.
- Prior approval from the MSME Commissionerate must be secured within one year of signing the Memorandum of Understanding (MoU).
- The technology should pertain to the enhancement of products or processes.
Exclusions
Financial assistance will not extend to the purchase of any machinery, plant, or equipment.
Application Process
Offline Application Procedure
Follow these steps to register:
- Access the Investor Facilitation Portal (IFP) and select “New Investor Registration” to begin the registration process.
- Complete the registration form and click “Submit.”
- Verify your email address using the link sent to your registered email.
- Upon successful verification, your registration will be complete.
Post-Registration Steps
- Visit the Investor Facilitation Portal (IFP) and click on “Login.”
- Input your registered email address and password.
- Click the “Login” button to access your account.
- Fill in the necessary details and upload the required documents regarding your business to finalize the application process.
Contact Information
For assistance, please contact here.
Definitions
| Term | Definition |
|---|---|
| Micro, Small and Medium Enterprise | An enterprise that meets the criteria set forth by the MSME Development Act, 2006, and has received acknowledgment of its “Udyog Aadhaar Memorandum / Udyam Registration.” |
| New Enterprise | An MSME that has completed Udyog Aadhar / Udyam Registration and has commenced commercial production during the active period of the scheme. |
| Existing Enterprise | An MSME that began commercial production prior to the announcement of this scheme. |
| Expansion | Defined as an increase in gross fixed capital investment by at least 50%, with a minimum of 60% allocated to plant and machinery. |
| Gross Fixed Capital Investment (GFCI) | Investment in buildings, plant, machinery, utilities, tools, and equipment (excluding land) meant for manufacturing end products. |
| Forward Integration | Investment in GFCI for products that serve as raw materials in the enterprise. |
| Backward Integration | Investment in GFCI for further value addition in the enterprise’s end products. |
| Diversification | Investment in GFCI for products different from the enterprise’s existing end products. |
| Term Loan | A loan granted by financial institutions or banks (excluding NBFCs) designated for acquiring GFCI, with only disbursed amounts considered for incentives. |
| Pipeline Enterprises | Enterprises that received their first loan disbursement but could not commence commercial production by August 7, 2020, and must start by March 31, 2021. Those disbursed before August 7, 2020, may opt for the new scheme. |
For more detailed information, visit the official site: myScheme.gov.in.
Eligibility Criteria
The firm must be a Micro/Small/Medium enterprise.
The technology must be acquired from a recognized institution or technology provider.
The applicant must obtain prior approval from the MSME Commissionerate within one year of signing the MoU.
The technology should be related to product or process improvement.
Benefits
Financial Support: 65% of the technology acquisition cost, up to ₹50,00,000/-, is covered.
Royalty Payment Assistance: Includes support for royalty payments for the first 2 years.
Application Process
Apply OfflineRegistration Process:
Step-1: Visit the Investor Facilitation Portal (IFP)
portal. Click on "New Investor Registration" to access the registration form.
Step-2: Fill in the Registration Form. Click on "Submit".
Step-3: Verify the E-mail ID using the link sent on your registered E-mail ID.
Step-4: After verification, you will be registered successfully.
Post-Registration Process:
Step-1: Visit the Investor Facilitation Portal (IFP)
portal. Click on "Login".
Step-2: Enter the email address and password you used during registration.
Step-3: Click the "Login" button to access your account.
Step-4: Now fill in the required details and mandatory documents about your business to complete the application process.
Helpdesk: Contact Here.
References & Official Links
Scheme Details
| Full Name | Scheme for Assistance to Micro, Small and Medium Enterprises (MSME): Assistance for Technology Acquisition |
| Short Title | SAMSMEATA |
| Level | State |
| Scheme For | Infra |
| Categories | Business & Entrepreneurship |
| States | Gujarat |
| Close Date | 2025-08-06 |
| Gender | All |
| Age Range | 50 — Any years |
| Area | Both |
| Source | www.myscheme.gov.in ↗ |