What you get
- Quantum of Assistance: 70 % of rent paid by the enterprise with a maximum limit of ₹1,00,000/- per annum for 5 years.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
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 "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.
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 objective of the component "Assistance in Rent to MSEs"?
The component "Assistance in Rent to MSEs" provides financial assistance to Micro and Small Enterprises (MSEs) engaged in manufacturing activities that operate from rented or leased sheds.
Who is eligible to apply for the Assistance in Rent to MSEs scheme?
Any Micro or Small Enterprise (MSE) engaged in manufacturing activities and operating from a legally rented or leased shed is eligible to apply.
What percentage of rent assistance is provided under this scheme?
The scheme provides financial assistance of up to 70% of the rent paid by the enterprise, with a maximum limit of [?]1,00,000 per year.
For how many years can an enterprise receive rent assistance?
The assistance is provided for a maximum period of five years.
Are service-based and trading businesses eligible for this scheme?
No, only manufacturing enterprises are eligible. Service-based and trading businesses are not covered under this scheme.
When does the assistance become effective?
The assistance starts from the date of the rent deed or three months before the date of production, whichever is later.
Is it necessary for the rented/leased shed to have a legal ownership certificate?
Yes, the shed's owner must have legal ownership and possession of the property to qualify for the scheme.
Does the enterprise need to consume electricity to be eligible?
Yes, the manufacturing activities must involve the consumption of electricity or power as proof of production.