Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Raising Capital through SME Exchange

Dr. Babasaheb Ambedkar Udyog Uday Yojana: Capital Assistance for Entrepreneurs

The Dr. Babasaheb Ambedkar Udyog Uday Yojana serves as a vital initiative by the Gujarat government, designed to bolster the entrepreneurial spirit among SC/ST individuals. This scheme aims to enhance the competitiveness of Micro, Small, and Medium Enterprises (MSMEs) by facilitating their access to capital through SME Exchanges.

Overview of the Scheme

Introduced by the Industries and Mines Department of Gujarat, the Dr. Babasaheb Ambedkar Udyog Uday Yojana is a comprehensive program aimed at supporting the state’s vibrant MSME sector. This initiative, effective from August 7, 2020, to August 6, 2025, seeks to empower SC/ST entrepreneurs and enhance the global competitiveness of MSMEs. A specific focus of this scheme is the component titled Assistance for Raising Capital through SME Exchange, which encourages MSMEs to raise equity capital by listing on SME Exchanges. The scheme provides financial support to cover the costs associated with this process, thereby motivating MSMEs to tap into capital market funding.

Benefits of the Scheme

• Financial Assistance: MSMEs can receive up to 30% of their total expenses incurred while raising capital through the SME Exchange, with a cap of ₹5,00,000.
• Support from GVFL: Gujarat Venture Finance Limited (GVFL) may take an equity stake in enterprises that are registered with the SME Exchange.

Eligibility Criteria

• The business must qualify as a Micro, Small, or Medium enterprise, primarily operated by an SC/ST entrepreneur.

<liThe enterprise should have successfully raised equity capital through an SME Exchange.

<liApplications must be submitted within one year from the date of listing on the SME Exchange.

Note: An SC/ST Enterprise is defined as one where the contribution from the SC/ST entrepreneur is at least 51%.

Exclusions

Details regarding exclusions are available on the official site.

Application Process

Online Registration Steps:

1. Access the Investor Facilitation Portal (IFP). Click on “New Investor Registration” to fill out the registration form.
2. Complete the registration form and click on “Submit”.
3. Verify your email ID using the link sent to your registered email.
4. Upon verification, your registration will be successful.

Post-Registration Steps:

1. Go to the Investor Facilitation Portal (IFP) and click on “Login”.
2. Input the email address and password used during registration.
3. Click “Login” to access your account.
4. Fill in the necessary details and upload the required documents to complete your application.

Definitions and Terms

Contact Information

For assistance and inquiries, please reach out through the designated helpdesk.

To learn more about this scheme, visit the official source: myScheme.gov.in.