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Scheme for Financial Assistance to Integrated Logistics Facilities: Interest Subsidy

The "Scheme for Financial Assistance to Integrated Logistics Facilities" under the Gujarat Integrated Logistics and Logistics Park Policy, provides financial support to private developers for creating logistics facilities and parks with the necessary infrastructure and services.

Ministry / Department
Industries and Mines Department
Level
State
Benefit type
cash
Last verified: Recently

What is Scheme for Financial Assistance to Integrated Logistics Facilities: Interest Subsidy?

The "Scheme for Financial Assistance to Integrated Logistics Facilities" under the Gujarat Integrated Logistics and Logistics Park Policy, provides financial support to private developers for creating logistics facilities and parks with the necessary infrastructure and services.

Benefit
- **Coverage of Moratorium Period:** Interest repayment during the moratorium period is also eligible for subsidy. - **Assistance on Actual Disbursement:** The subsidy is calculated based on the actual disbursed amount of the sanctioned term loan. - **Encourages Timely Repayment:** Incentivizes developers to maintain regular repayment schedules to avoid being declared defaulters.
Level
State — Gujarat
Ministry / Dept.
Industries and Mines Department
Benefit type
cash
Key eligibility
1. The subsidy is applicable only to new units/projects. 1. The term loan’s first disbursement date must fall within the scheme’s operative period. 1. Developers must not be declared defaulters as per RBI guidelines. 1. Repayment against the principal must be timely.
Last verified
Recently

Benefits

- **Coverage of Moratorium Period:** Interest repayment during the moratorium period is also eligible for subsidy. - **Assistance on Actual Disbursement:** The subsidy is calculated based on the actual disbursed amount of the sanctioned term loan. - **Encourages Timely Repayment:** Incentivizes developers to maintain regular repayment schedules to avoid being declared defaulters.

Eligibility

1. The subsidy is applicable only to new units/projects. 1. The term loan’s first disbursement date must fall within the scheme’s operative period. 1. Developers must not be declared defaulters as per RBI guidelines. 1. Repayment against the principal must be timely.Area: GujaratBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Registration 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.

    2. Step 2: Offline application — step 1

      Registration Procedure: Step-1: Submit the application in the prescribed form along with the required documents to the Industries Commissionerate . Step-2: The Industries Commissionerate will review and request missing details, if any, within 15 days. Step-3: The application will then be forwarded to the GM of the District Industries Centre (DIC) for a site visit and inspection report. Step-4: Based on the report, the Industries Commissionerate may issue a Registration Certificate. Sanction Procedure: Step-1: After registration and approval of the project layout plan, submit the application in the prescribed format for sanction with a detailed project report and required documents to the Industries Commissionerate . Step-2: The Industries Commissionerate will scrutinize and request missing details within 15 days. Step-3: Applicants must present their project to a Screening Committee chaired by the Industries Commissioner. Step-4: After addressing committee remarks, the application is reviewed by the Sanctioning Authority for approval based on scheme guidelines.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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