Scheme for assistance for Start Ups/ Innovation: Interest Subsidy
Industries and Mines Department, Government of Gujarat · Central government
Gujarat's Scheme for Assistance for Start Ups/Innovation gives eligible innovative startups an extra 1% interest subsidy on MSME term loans, up to 9% total.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Not specified
- Instrument
- Subsidy
- Deadline
- Rolling
- Disbursement
- Reimbursed after spend
About this scheme
The Industries and Mines Department, Gujarat, introduced the Scheme for Assistance for Start Ups/ Innovation under the Gujarat Industrial Policy. This component offers an interest subsidy to startups, providing financial support for those needing term loans. The objective is to support economic growth, create jobs, improve market competitiveness, and encourage the development of new solutions across industries.
Through this interest subvention, the state government lowers the cost of capital for emerging businesses, making it easier for them to invest in innovation and scale operations. The initiative reflects Gujarat's focus on building a supportive ecosystem for entrepreneurship and technological progress, reinforcing its position in industrial development.
Who can apply
- Eligible business forms
- Private limited company, Limited liability partnership, One person company, Partnership firm, Sole proprietorship
- Udyam registration
- Not specified
- MSME registration
- Required
- DPIIT startup recognition
- Not specified
- GST registration
- Not specified
- Where the business may be based
- Gujarat
- Any individual or group of individuals possessing an innovative idea or concept, provided the idea is recommended by an approved Nodal Institution, qualifies. - The scheme is sector-agnostic, open to startups across all fields, including science, technology, engineering, agriculture, healthcare, and others. - Startups already receiving benefits under the Student Startup and Innovation Policy (SSIP) are also eligible.
How to apply
**Step 1: Registration** - Go to the online portal (https://startup.gujarat.gov.in/home) and select the 'Register' option located at the top right corner. - Provide your Email ID and press 'Next'. Confirm the information and press 'Submit' to complete registration. - After logging in, complete the Common Application Form with the required details and press 'Sign Up'.
**Step 2: Application Submission** - Access the portal and choose 'Login'. Enter your Registered Email ID and Password, then press 'Sign In'. - Under the 'Dashboard' section, provide all mandatory information. - Press the 'Apply Now' icon available on the User Dashboard. - Choose the 'Interest Subsidy' scheme from the options presented, then proceed to complete the application. Ensure that all relevant documents and details concerning your innovative idea and the term loan are furnished correctly.
**Contact Us:** For assistance, contact the Startup Gujarat Cell at the Office of Industries Commissionerate, Block No: 1, 3rd Floor, Udhyog Bhavan, Sector: 11, Gandhinagar - 382010 Gujarat, INDIA. Phone: 079-23252588 / 1800-233-0616. Email: icstup@gujarat.gov.in
Frequently asked questions
What is the primary benefit of the Interest Subsidy scheme?
Eligible startups receive an additional 1% interest subsidy on term loans, capping the effective interest rate at 9% under MSME assistance schemes. This reduces the borrowing cost for innovative businesses.
Who is eligible to apply for this scheme?
Any individual or group with an innovative idea or concept, recommended by an approved Nodal Institution, is eligible. Startups already benefiting from the Student Startup and Innovation Policy (SSIP) are also welcome to apply. The scheme is sector-agnostic, open to all branches of science, technology, engineering, agriculture, and healthcare.
Are there any sector-specific restrictions for this scheme?
No, the scheme is sector-agnostic and open to startups across all fields, including science, technology, engineering, agriculture, and healthcare. Innovation is the sole criterion for eligibility, irrespective of the industry.
How do I apply for the Interest Subsidy?
Register an account on the Startup Gujarat portal, log in, and complete the common application form. Then, from your dashboard, go to the 'Apply Now' section, select the Interest Subsidy scheme, and submit the required details; the Startup Gujarat Cell is available for assistance.
What is the duration of the scheme?
The umbrella 'Scheme for Assistance for Start Ups/ Innovation' is valid from August 7th, 2020, to August 6th, 2025. This component operates within that overall validity period.
Is MSME registration required for this scheme?
Yes, the applicant must hold MSME registration, as the interest subsidy applies only to term loans sanctioned under MSME assistance schemes.
Sectors
- Interest Subsidy
- Msme
- Gujarat Startups
- Innovation
- Financial Assistance
Details last verified on 3 August 2026. Source: the issuer's published information.