Financial Assistance to Industrial Parks: Assistance on Fixed Capital Investment
25–50% capital investment subsidy up to ₹30 crore · industrial parks Gujarat
A Gujarat state scheme (2020–2025) that reimburses 25–50% of fixed capital investment for setting up new industrial parks, helping associations and SPVs recover a significant portion of their development costs. Parks in Vanbandhu Talukas (tribal areas) qualify for the higher 50% rate. Apply through the Gujarat Investor Facilitation Portal.
About This Scheme
A Gujarat state scheme (2020–2025) that reimburses 25–50% of fixed capital investment for setting up new industrial parks, helping associations and SPVs recover a significant portion of their development costs. Parks in Vanbandhu Talukas (tribal areas) qualify for the higher 50% rate. Apply through the Gujarat Investor Facilitation Portal.
Full official description
The scheme "Financial Assistance to Industrial Parks" 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 boost industrial growth through financial assistance, modern technologies, and enhanced facilities for industrial parks and clusters. The component "Assistance on Fixed Capital Investment", is designed to encourage the development of Industrial Parks by reimbursing a portion of eligible fixed capital investments.
Benefits
- 25% of eligible fixed capital investment, up to ₹30,00,00,000 in general areas
- 50% of eligible fixed capital investment, up to ₹30,00,00,000 in Vanbandhu Talukas (tribal areas)
- 25% of construction cost (up to ₹20,00,00,000) for worker hostels or dormitories
💡 Why Startups Should Care
If you're developing industrial park infrastructure — shared roads, utilities, common facilities for tenant businesses — this scheme funds up to half your capital investment, with even higher support in tribal (Vanbandhu) talukas Gujarat wants to develop.
Who Can Apply (Eligibility)
- Industries associations or enterprises registered under Societies Act, Partnership Act, Trust Act, or Companies Act
- Special Purpose Vehicles (SPVs) constituted specifically to set up an industrial park
Exclusions
- Expenditure on land purchase and land development is ineligible
How to Apply
- Visit ifp.gujarat.gov.in/DIGIGOV/ and register as a new investor.
- Log in and select the Industrial Parks Fixed Capital Investment component.
- Fill in developer company/firm details and park investment plan.
- Upload registration for constitution of the developer entity and project documents.
- Submit the application for subsidy processing.
Frequently Asked Questions
What is the objective of the scheme "Financial Assistance to Industrial Parks" ?
The scheme "Financial Assistance to Industrial Parks" 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 boost industrial growth through financial assistance, modern technologies, and enhanced facilities for industrial parks and clusters.
What is the purpose of the "Assistance on Fixed Capital Investment" component?
The component "Assistance on Fixed Capital Investment", is designed to encourage the development of Industrial Parks by reimbursing a portion of eligible fixed capital investments.
Who is eligible to apply for this assistance?
Industrial Parks that include eligible fixed capital investments, such as new buildings, infrastructure facilities, and residential facilities for workers, are eligible to apply for this assistance.
What types of expenses are considered eligible for assistance?
Eligible expenses include the construction of new buildings, internal roads, power substations, water distribution facilities, sewage systems, and dormitories for workers, as per the SLEC-approved norms.
Is the cost of land purchase covered under this assistance?
No, the cost of land purchase, land development, and related expenses are explicitly excluded from eligibility for this assistance.
What is the maximum amount of financial assistance available?
Industrial Parks can receive up to [?]30,00,00,000/- for infrastructure development and up to [?]20 crores for hostel/dormitory construction, depending on the type and location of the park.
Is prior approval from the State Level Empowered Committee (SLEC) required?
Yes, all projects must obtain prior approval from the SLEC for eligibility before claiming any financial assistance.
Do Industrial Parks in Vanbandhu Taluka receive additional assistance?
Yes, Industrial Parks located in Vanbandhu Taluka are eligible for 50% financial assistance, with a maximum limit of [?]30,00,00,000/-, which is higher than the general rate.
Are technical consultant fees or preliminary expenses eligible for assistance?
No, fees for technical consultants, as well as preliminary and pre-operative expenses, are not eligible for financial assistance.
What are Schedule of Rates (SOR) norms?
SOR norms are cost estimation guidelines set by concerned government departments, which define the eligible construction costs for various infrastructure projects.
Can applicants claim assistance for expenses incurred before receiving approval?
No, only expenses incurred after receiving approval from the SLEC are eligible for financial assistance.
Are transportation equipment and vehicles covered under this assistance?
No, expenses related to transportation equipment or vehicles are not eligible for financial assistance under this scheme.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Copy of registration for constitution of developer company/firm
- Industries Association / enterprise registration under Societies Act, Partnership Act, or Companies Act
- Project report and investment plan