The Government of Gujarat on October 05, 2022, issued the Aatmanirbhar Gujarat Scheme for assistance to Mega Industries. It will come into force from October 05, 2022, till October 04, 2032, and will remain operative for a period of ten years.
Under this scheme following points have been stated:
• Under this scheme, Industrial Undertaking has been defined as a legal entity such as a company, partnership firm including LLP, society, trust, industrial cooperative society, or proprietary concern engaged or to be engaged in the manufacture, O production, processing or job work of articles.
• Under this scheme, Mega Industrial Unit has been defined as an industrial undertaking in thrust sectors having investment in Plant and machinery of at least INR 2,500 crore, AND which provides direct employment to at least 2500 persons. The Mega industrial unit must have obtained acknowledgement/ registration, as the case may be from DPIIT
• This scheme has covered Industrial Complex, Existing Industrial Unit, Expansion, Installed Capacity, Gross Fixed Capital Investment (GFCF), Eligible Fixed Capital Investment (EFCI).
• The Ineligible Capital Expenditure/ Assets are Land and Land development cost, Working capital, Goodwill, Royalty, Preliminary and pre-operative expenses 6) Indigenous secondhand plant and machinery, Interest capitalized, Power generation, except for captive use and, Rented or leased property.
• In case of breach of any one or more of the conditions of this GR, the incentives disbursed under the scheme shall be liable to be recovered as an arrear of land revenue or in any other appropriate manner the government may deem fit along with interest at the rate of eighteen per cent per annum from the date of the first availment of such incentive. Further, the non-disbursed incentive amount due to the eligible unit shall also be liable to be forfeited.
• The eligibility conditions of Mega Industrial Undertaking as defined will be verified before the disbursement of each claim.
[Resolution No. MIS-102022-1271(3)-1]
