Plastic Industry Policy

Gujarat Government’s Scheme for financial assistance to Plastic Industry

1)Name of the Scheme
Scheme for financial assistance to Plastic industry by way of Interest Subsidy and VAT incentive.
2) Operative Period :
From 01/01/2015 to 31/12/2019
3) Who will eligible?
The New Enterprises which are registered as an industrial unit as MSME with respective DIC are
and obtained IEM form GOIare eligible to get benefit under the scheme forfollowing purpose:
o The New Enterprises, which is engaged in manufacturing of plastic products / items / articles
by using plastic as a raw materials purchased within the state only, is eligible.
o The enterprise that has availed assistance under this scheme will not be entitled to avail
benefit under any other scheme of State Government, unless and otherwise specified under
that scheme.
4) Assistance Available
4.1 Interest subsidy for New Enterprises:-
o Interest subsidy up to 7% of term loan Maximum limit of Rs. 100 lakhs per annum, for 5
years. for fixed capital investment in building, new plant & machinery, equipment (including
cost of installation, erection, transportation, electrification) and other related assets
required for the manufacturing of the product. However, cost of land and land development
will not be eligible.

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