Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Raising Capital through SME Exchange
30% SME Exchange listing cost up to ₹5 lakh · SC/ST enterprises Gujarat
Dr. Babasaheb Ambedkar Udyog Uday Yojana reimburses up to 30% of the cost of listing on an SME Exchange (max ₹5 lakh) for SC/ST MSMEs in Gujarat — and Gujarat Venture Finance Limited (GVFL) may also take equity in such enterprises.
About This Scheme
Dr. Babasaheb Ambedkar Udyog Uday Yojana reimburses up to 30% of the cost of listing on an SME Exchange (max ₹5 lakh) for SC/ST MSMEs in Gujarat — and Gujarat Venture Finance Limited (GVFL) may also take equity in such enterprises.
Full official description
The scheme "Dr.Babasaheb Ambedkar Udyog Uday Yojana" is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state's dynamic MSME sector, which significantly contributes to employment, GDP, and exports. Effective from August 7th, 2020 to August 6th, 2025, this initiative supports SC/ST entrepreneurs and strengthens MSMEs, making them globally competitive. The component "Assistance for Raising Capital through SME Exchange" aims to help MSMEs raise equity capital by listing on SME Exchanges. It provides financial assistance to MSMEs for expenses incurred in this process, encouraging them to explore funding options through the capital markets.
Benefits
- Reimbursement: 30% of total IPO/listing expenditure on SME Exchange
- Maximum: ₹5,00,000
- Bonus: GVFL may invest equity in listed SC/ST enterprises
- Purpose: Helps SC/ST entrepreneurs access public capital markets affordably
💡 Why Startups Should Care
Listing on the SME Exchange is a serious growth milestone that opens access to public capital markets — but legal and listing fees can run into lakhs. This scheme covers 30% of that cost while also opening the door to equity investment from GVFL, Gujarat's state venture fund.
Who Can Apply (Eligibility)
SC/ST-owned MSME that has successfully raised equity capital through NSE Emerge or BSE SME Exchange. Must be registered in Gujarat.
How to Apply
- Visit ifp.gujarat.gov.in/DIGIGOV/ and register as a new investor.
- Log in and select the SME Exchange Assistance component.
- Fill in enterprise details and SME Exchange listing details.
- Upload constitution of enterprise, board resolution, Udyam/IEM/LOI certificate, and SME Exchange listing letter from BSE/NSE.
- Submit the application for reimbursement.
Frequently Asked Questions
What is the "Dr. Babasaheb Ambedkar Udyog Uday Yojana"?
It is a special scheme introduced under the Industrial Policy 2020 to provide financial assistance and support to Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs in the MSME sector.
What sectors are prioritized under the Industrial Policy 2020?
The policy prioritizes industries such as Auto and Auto Components, Chemicals and Petrochemicals, Pharmaceuticals, Cement, Textiles, Engineering, Gems and Jewellery, and Ceramics.
How does the scheme promote export competitiveness?
The scheme emphasizes "Vocal for Local to become Global," strengthening integrated value chains and encouraging MSMEs to enhance their export potential.
What is the duration of the scheme?
The scheme is effective from August 7, 2020, and will remain in operation until August 6, 2025.
What is the SME Exchange?
The SME Exchange is a stock exchange platform that allows small and medium enterprises (MSMEs) to raise equity capital from the public.
Who is eligible to apply for financial assistance under this scheme?
Any MSME that has successfully raised equity capital through an SME Exchange and meets the eligibility criteria can apply for assistance.
What percentage of expenses is reimbursed under this scheme?
The scheme reimburses up to 30% of the total expenditure incurred in raising funds through an SME Exchange, subject to a maximum limit of [?]5 lakh.
Is the financial assistance provided multiple times to the same enterprise?
No, financial assistance under this scheme is provided only once to an enterprise.
What is the deadline for submitting the application for assistance?
The enterprise must submit the application within one year from the date of listing on the SME Exchange.
What types of expenses are considered for reimbursement under this scheme?
The scheme covers expenses related to raising capital through an SME Exchange as per the approved guidelines.
Are there any restrictions on the type of MSMEs that can apply for this scheme?
The enterprise must qualify as an MSME on the date of listing, but there are no industry-specific restrictions.
Is it mandatory for GVFL to take equity in an enterprise applying for this scheme?
No, it is not mandatory for GVFL to take equity in an enterprise, but it has the option to do so for enterprises registered with the SME Exchange.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Constitution of enterprise (MOA & AOA)
- Board resolution regarding authorised signatory
- Copy of Udyam / IEM / LOI registration certificate
- SME Exchange registration/listing letter from BSE/NSE