Scheme for assistance for Start Ups/ Innovation: Interest Subsidy
The “Scheme for Assistance for Start Ups/ Innovation” under the Gujarat Industrial Policy, aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions.
About This Scheme
The “Scheme for Assistance for Start Ups/ Innovation” is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Industrial Policy. Effective from August 7th, 2020 to August 6th, 2025, it aims to drive economic growth by generating jobs, fostering competition, and introducing next-gen solutions.
The component “Interest Subsidy” provides financial support to startups with innovative ideas across various sectors. Startups approved under this scheme are eligible for an additional interest subsidy of 1%, up to a maximum of 9%, on term loans for MSME assistance.
Benefits
Financial Support: Interest subsidy of 1%, maximum up to 9% on term loans under the provisions of scheme for assistance to MSMEs.
Eligibility Criteria
Any individual or group of individuals with an innovative idea or concept, recommended by an approved Nodal Institution, is eligible.
The scheme is open to startups in any sector or branch of science, technology, engineering, agriculture, healthcare, etc., making it sector-agnostic.
Note: Startups availing benefits under the Student Startup and Innovation Policy (SSIP) are also eligible.
Application Process
Apply Online
Registration Process:
Step 1: Visit the
online portal
and click on the “Register” button, located at the top right corner.
Step 2: Enter Email ID and click on Next button. Verify the details and click on “Submit” to get registered on portal.
Step 3: Upon login, fill in the details on Common Application Form. Click on “Sign Up”.
Application Process:
Step 1: Visit the
online portal and c
lick on Login button. Enter Registered Email ID and Password and click on the “Sign In” button
Step 2: In “Dashboard” section fill in all the required details.
Step 3: Click on Apply Now Icon located at Dashboard of User.
Step 4: From the list Select the Scheme and Fill the Application details.
Contact Us:
Startup Gujarat Cell
Office of Industries Commissionerate
Block No: 1, 3rd Floor, Udhyog Bhavan, Sector: 11, Gandhinagar – 382010 Gujarat, INDIA.
079-23252588 / 1800-233-0616
icstup@gujarat.gov.in
Official Source: View on myScheme.gov.in
Benefits
Financial Support: Interest subsidy of 1%, maximum up to 9% on term loans under the provisions of scheme for assistance to MSMEs.
Application Process
Apply Online
Registration Process:
Step 1: Visit the online portal
and click on the "Register" button, located at the top right corner.
Step 2: Enter Email ID and click on Next button. Verify the details and click on "Submit" to get registered on portal.
Step 3: Upon login, fill in the details on Common Application Form. Click on "Sign Up".
Application Process:
Step 1: Visit the online portal and c
lick on Login button. Enter Registered Email ID and Password and click on the "Sign In" button
Step 2: In "Dashboard" section fill in all the required details.
Step 3: Click on Apply Now Icon located at Dashboard of User.
Step 4: From the list Select the Scheme and Fill the Application details.
Contact Us:
Startup Gujarat Cell
Office of Industries Commissionerate
Block No: 1, 3rd Floor, Udhyog Bhavan, Sector: 11, Gandhinagar - 382010 Gujarat, INDIA.
079-23252588 / 1800-233-0616
icstup@gujarat.gov.in
References & Official Links
Scheme Details
| Full Name | Scheme for assistance for Start Ups/ Innovation: Interest Subsidy |
| Short Title | SFASIIS |
| Level | State |
| Scheme For | Infra |
| Categories | Business & Entrepreneurship |
| States | Gujarat |
| Gender | All |
| Age Range | Any — 9 years |
| Area | Both |
| Source | myScheme.gov.in ↗ |