Aatmanirbhar Gujarat Scheme for assistance to MSMEs: Assistance for Raising Capital through SME Exchange
By Industries and Mines Department, Government of Gujarat
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Quick Answer
This Gujarat state scheme provides financial assistance of up to ₹5 lakh to Micro, Small, and Medium Enterprises (MSMEs) for expenses incurred while raising equity capital through SME Exchanges.
- Funding amount
- Up to ₹5L
- Funding type
- Subsidy
- Application deadline
- Rolling
- Location
- Gujarat
- Registrations needed
- Udyam registration
About this subsidy
The "Aatmanirbhar Gujarat Scheme for MSMEs" is a comprehensive initiative launched by the Industries and Mines Department, Government of Gujarat. This umbrella scheme, effective from October 5, 2022, to October 4, 2027, aims to bolster the state's vibrant Micro, Small, and Medium Enterprise (MSME) sector, which is a pivotal driver of employment, economic growth, and exports for Gujarat. The overarching vision is to contribute to "Aatmanirbhar Gujarat" and the national goal of "Aatmanirbhar Bharat" by fostering innovation, investment, and sustainable development within the MSME ecosystem.
This specific component, "Assistance for Raising Capital through SME Exchange," is designed to facilitate MSMEs in accessing public capital markets. It offers crucial financial assistance to enterprises that choose to raise equity capital by listing on a recognized SME Exchange. By subsidizing a portion of the expenditure incurred during the listing process, the scheme encourages MSMEs to explore diversified funding avenues beyond traditional debt or private equity. This support helps mitigate the financial burden associated with initial public offerings (IPOs) on SME platforms, thereby promoting greater participation from Gujarat-based MSMEs in the capital markets and enhancing their growth potential.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Subsidy providers
The Industries & Mines Department (IMD) of the Government of Gujarat is the state department that makes industrial and MSME policy. Its executive arm, the Industries Commissionerate, implements those policies, both the state's and the central government's, and runs the Startup…
Learn moreBenefits & Funding
- Amount
- Up to ₹5L
What You Get
The scheme offers significant financial assistance by reimbursing 25% of the total expenditure incurred by eligible MSMEs in the process of raising funds through an SME Exchange. This reimbursement is capped at a maximum of ₹5,00,000/- (Rupees Five Lakh only). This financial support helps offset various costs associated with an SME IPO, such as merchant banking fees, legal and compliance expenses, auditing, registrar services, and exchange listing fees. By reducing these initial financial barriers, the program acts as direct fundraising support, encouraging more MSMEs to tap into the public capital markets for growth and expansion, thereby enhancing their access to crucial equity funding.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications will be processed based on the verification of eligibility criteria and submitted documentation. The primary focus of the selection process is to ensure that the applicant MSME meets all the conditions for financial assistance, including valid MSME/DPIIT registration, successful listing on an SME Exchange, and incurring eligible expenditures. The process involves a review of the application and supporting proofs to confirm compliance with the scheme's guidelines. Eligible applications that satisfy all criteria will receive the stipulated financial assistance.
Application Process
- 1
New Investor Registration
Visit the Investor Facilitation Portal and complete the registration form for new investors.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the 'Assistance for Raising Capital through SME Exchange' scheme?
This scheme is a component of the Aatmanirbhar Gujarat Scheme for MSMEs, designed to provide financial assistance to Micro, Small, and Medium Enterprises (MSMEs) in Gujarat. It helps cover 25% of the expenses, up to a maximum of ₹5 lakh, incurred when raising equity capital by listing on a recognized SME Exchange.
Who is eligible to apply for this assistance?
Micro, Small, and Medium enterprises that have successfully raised equity capital through an SME Exchange are eligible. The enterprise must also possess a valid Udyam Registration from the Ministry of MSME or DPIIT Startup India Recognition. The application must be submitted within one year of the enterprise's listing date.
What kind of expenses are covered under this scheme?
The scheme provides reimbursement for various expenditures incurred during the process of listing on an SME Exchange and raising equity capital. This typically includes fees for merchant bankers, legal advisors, auditors, registrars, and other statutory and exchange-related charges.
Is there a specific deadline to apply?
There is no fixed annual deadline for the program itself. However, eligible enterprises must submit their application for assistance within one year from their official listing date on the SME Exchange. The overall Aatmanirbhar Gujarat Scheme for MSMEs is effective until October 4, 2027.
What are the required documents for the application?
While the specific list is available on the Investor Facilitation Portal (IFP), applicants typically need to submit documents related to their MSME or DPIIT registration, proof of listing on the SME Exchange, details of the capital raised, and invoices/proofs of the expenditures for which reimbursement is sought. A document checklist is usually provided on the application portal.
What is an SME Exchange?
An SME Exchange (Small and Medium Enterprises Exchange) is a dedicated trading platform within major stock exchanges (like NSE or BSE) designed to facilitate small and medium-sized enterprises in raising capital from the public. It offers a simpler and less stringent listing process compared to the main board, making it more accessible for growing businesses to go public and get discovered by investors.
Sources
Data on this page is compiled from official program and provider references.
