Dr.Babasaheb Ambedkar Udyog Uday Yojana: Assistance for Raising Capital through SME Exchange
By Industries and Mines Department, Government of Gujarat
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Quick Answer
This scheme provides financial assistance up to ₹5 lakh to SC/ST-led Micro, Small, and Medium Enterprises (MSMEs) in Gujarat to cover expenses incurred while raising equity capital through SME Exchanges.
- Funding amount
- Up to ₹5L
- Funding type
- Subsidy
- Application deadline
- Rolling
- Eligible stage
- Revenue
- Location
- Gujarat
- Registrations needed
- Udyam registration
About this subsidy
The "Dr.Babasaheb Ambedkar Udyog Uday Yojana" is an umbrella scheme launched by the Industries and Mines Department, Gujarat, designed to invigorate the state's vibrant Micro, Small, and Medium Enterprise (MSME) sector. Active from August 7th, 2020, to August 6th, 2025, this initiative is strategically crafted to support and empower SC/ST entrepreneurs, thereby enhancing their contribution to employment, GDP, and exports, and ultimately strengthening their global competitiveness. This particular component, "Assistance for Raising Capital through SME Exchange," directly addresses a critical challenge faced by growing MSMEs: accessing public capital markets. By providing targeted financial assistance to offset the significant expenditures associated with listing on SME Exchanges, the scheme aims to demystify and make the process of raising equity capital more accessible. It encourages eligible enterprises to explore robust funding options beyond traditional debt, fostering greater financial independence and sustainability. This support is crucial for SC/ST-led businesses seeking to scale, innovate, and expand their operations, contributing to a more inclusive and dynamic economic ecosystem within Gujarat. The initiative implicitly promotes transparency and good corporate governance by encouraging public listing, which also opens doors to further investment and growth opportunities.
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
- Financial Assistance: MSMEs can receive up to 30% of the total expenditure incurred for raising capital through SME Exchange, with a maximum of ₹5,00,000. This reimbursement aims to significantly reduce the financial burden associated with the listing process, making equity capital raising more accessible.
- Potential Equity Support: Gujarat Venture Finance Limited (GVFL) may consider taking an equity stake in enterprises successfully registered and listed on the SME Exchange, offering a further avenue for growth capital. The scheme also provides indirect fundraising support by encouraging and facilitating access to the capital markets, thereby broadening the funding options for eligible MSMEs.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The selection process for this component is primarily an eligibility and verification process rather than a competitive evaluation. Once an application is submitted through the Investor Facilitation Portal, it undergoes a meticulous review by the relevant department officials. The key criteria for assessment will be the applicant's eligibility as an SC/ST-led Micro, Small, or Medium Enterprise, verification of their successful equity capital raising through an SME Exchange, and ensuring the application is filed within one year of the listing date. Additionally, the expenditure details for which financial assistance is sought will be rigorously scrutinized against supporting documents to confirm their authenticity and adherence to scheme guidelines. This process ensures that only genuinely eligible enterprises that have successfully navigated the SME Exchange listing process receive the stipulated financial support.
Application Process
- 1
Register as New Investor
Visit the Investor Facilitation Portal (IFP) and click "New Investor Registration" to fill out and submit the registration form.
You - 2
- 3
- 4
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 primary objective of this scheme component?
The primary objective is to financially assist Micro, Small, and Medium Enterprises (MSMEs) led by SC/ST entrepreneurs in Gujarat for the expenses incurred while raising equity capital through listing on SME Exchanges.
What is the maximum financial assistance available?
Eligible MSMEs can receive financial assistance up to 30% of their total expenditure, with a maximum cap of ₹5,00,000.
Who is considered an 'SC/ST Enterprise' under this scheme?
An SC/ST Enterprise is defined as an enterprise where the contribution of the SC/ST entrepreneur is 51% or more.
What are the key eligibility criteria?
The enterprise must be a Micro/Small/Medium enterprise run by an SC/ST entrepreneur (51%+ contribution) and must have successfully raised equity capital through an SME Exchange.
Is there a deadline for applying after listing on an SME Exchange?
Yes, enterprises must apply for this assistance within one year from their listing date on the SME Exchange.
How can I apply for this scheme?
Applications are submitted online through the Investor Facilitation Portal (IFP) of Gujarat, after completing a new investor registration.
Sources
Data on this page is compiled from official program and provider references.
