Skip to the content
jsrr.in

Scholarships, schemes and gram panchayats

Shortlist

Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: EPF Reimbursement

AGSLITEPF

Revised Official listing text, not yet reviewedHow entries are compiled

Program brief

Form of supportCash, paid into the bank account
LevelState, Gujarat
FieldBusiness & Entrepreneurship
Started2022
How to applyOnline
Compare side by side
Contents of this entry
  1. Overview
  2. Benefits
  3. Eligibility
  4. Documents
  5. Application steps
  6. Questions and answers

Overview

Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: EPF Reimbursement

The "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector" aims to provide incentives to attract increased investments in the manufacturing sector to create more employment opportunities in Gujarat.

The "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector" is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state's dynamic large-industry sector, which significantly contributes to employment, GDP, and exports. Effective from October 5, 2022, to October 4, 2027, this initiative supports growth, investments, and the vision of "Aatmanirbhar Gujarat" and "Aatmanirbhar Bharat."

The component "EPF Reimbursement" offers financial assistance to eligible large industrial undertakings in Gujarat for the employer’s contribution to the Employees' Provident Fund (EPF) for new employees. This assistance is available for a maximum period of 10 years from the date of commencement of commercial production.

Further facts from the listing

Scheme forInfra
DBT (direct bank transfer)No

Benefits

  • Full reimbursement of employer’s contribution: 100% of the employer’s statutory EPF contribution will be reimbursed for eligible new employees.
  • Financial ceiling per employee: The reimbursement amount is limited to 12% of the employee’s basic salary plus Dearness Allowance (DA) and retaining allowance, or Rs. 1800/- per month, whichever is lower.
  • Long-term support: The reimbursement is available for a period of up to 10 years from the date of commencement of commercial production.

Eligibility

Age
18 to 60 years
State
Gujarat
  1. A new large industrial undertaking, or an existing one that undertakes expansion and/or diversification, is eligible for this scheme.
  2. The large industrial undertaking must have obtained acknowledgment/registration, as the case may be from DPIIT.
  3. The industry should commence commercial production during the scheme's operative period.
  4. Must have new employees (those who do not have a Universal Account Number or UAN prior to joining the undertaking).
  5. Must not have availed EPF reimbursement under any other central or state government schemes for the same period.

Who cannot apply

  • An eligible industrial undertaking that has availed EPF reimbursement under any scheme of the central / state government, or any agency of the central/ state government, shall not be eligible for EPF incentive under this scheme for that period.

Documents

0 of 15 ready

Tick a document once you have it. The ticks stay in this browser only.

Application steps

Online

Registration Process:

Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "New Investor Registration" to access the registration form.

Step-2: Fill in the Registration Form. Click on "Submit".

Step-3: Verify the E-mail ID using the link sent on your registered E-mail ID.

Step-4: After verification, you will be registered successfully.

Post-Registration Process:

Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "Login".

Step-2: Enter the email address and password you used during registration.

Step-3: Click the "Login" button to access your account.

Step-4: Now fill in the required details and mandatory documents about your business to complete the application process.

Helpdesk: Contact Here

Terms used on this page

Large Industrial Undertaking

A large industrial undertaking means an industrial undertaking in which the fixed capital investment made in Plant and Machinery is higher than INR 50 crores, and for which an Industrial Entrepreneurs Memorandum has been filed or any other license or permission as prescribed by the Government of India, has been obtained.

The large industrial undertaking must have obtained acknowledgment/ registration, as the case may be from DPIIT.

Thrust Sector

Thrust sector means the sector which is most potential sector and needs additional support to make them viable for global competitiveness.

Gross Fixed Capital Investment (GFCI)

Gross Fixed Capital Investment means the investment made in iand, building, plant and machinery, utilities, tools and equipment, and other fixed assets required to manufacture the end product. Assets acquired and paid for during eligible investment period of the project under this scheme shall be considered for determining the gross fixed capital investment.

Eligible Fixed Capital Investment (EFCI)

Eligible Fixed Capital Investment means following investment made on or after the date of issue of this GR and up to the last date of the eligible investment period as per para-3 of this G.R. Provided that, large industrial undertakings opting /applying under this scheme as per clause 16.2 or clause 16.4 of this scheme, the investment made during the operative period ofthe previous scheme till the date of issue of this GR shall also be considered for calculating eligible FCI.

Date Of Commercial Production (DaCP)

In case of new industrial unit, the DoCP shall be the date of first sale bill of the product(s) for which the project has been set up. In case of expansion and/or diversification projects, the DoCP shall be the date of first sale bill of the product(s) being manufactured by the expansion and/or diversification project.

Questions and answers

What is the "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector"?

The “Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector” is a state initiative designed to support and strengthen the Large Industry and Thrust sector in Gujarat. It aims to enhance growth, encourage investments, and contribute to the vision of self-reliant Gujarat and India.

When is the scheme operative?

The scheme is operative from October 5, 2022, to October 4, 2027, covering a period of 5 years.

What are the objectives of the scheme?

The scheme aims to boost Large Industry growth, enhance the industrial ecosystem, encourage investments, and contribute to Gujarat’s and India’s self-reliance vision.

Who is eligible to benefit from the scheme?

Large Industries established and operating within Gujarat are eligible to benefit from the scheme, as per the criteria defined in the policy framework.

What is the "EPF Reimbursement" component?

EPF Reimbursement is a scheme that provides financial assistance to eligible large industrial undertakings in Gujarat for the employer's contribution to the Employees' Provident Fund (EPF) for new employees.

Who is eligible for EPF Reimbursement?

Only large industrial undertakings in Gujarat that hire new employees without a prior Universal Account Number (UAN) are eligible for EPF reimbursement under this scheme.

How much can an employer claim as EPF reimbursement?

Employers can claim 100% of the employer's statutory contribution to the EPF, with a ceiling of 12% of the employee’s basic salary plus Dearness Allowance (DA) or INR 1800 per month, whichever is lower.

For how long can an employer avail the EPF reimbursement?

Employers can claim the EPF reimbursement for a maximum of 10 years from the date of commencement of commercial production.

What defines a new employee under this scheme?

A new employee is defined as someone who did not have a Universal Account Number (UAN) before joining the eligible industrial undertaking.

Can an employer claim reimbursement for existing employees?

No, the scheme only applies to new employees who do not have a UAN prior to joining the industrial undertaking.

How often can an employer claim the EPF reimbursement?

The EPF reimbursement is processed and provided on a quarterly basis.

What is the maximum amount of reimbursement per employee?

The maximum reimbursement amount per employee is either INR 1800 per month or 12% of the employee’s basic salary plus DA, whichever is lower.

Can an employer claim EPF reimbursement if they have already received assistance under another scheme?

No, an employer cannot claim EPF reimbursement if they have already received EPF assistance under any other central or state government scheme for the same period.

Are there any conditions for claiming EPF reimbursement?

Yes, the assistance is available only for new employees hired beyond the pre-expansion or pre-diversification employee count. Claims must also be supported by valid payment receipts.

Can an employer apply for reimbursement before starting commercial production?

No, an employer can only apply for reimbursement after commercial production has commenced.

Is there a limit to the number of employees eligible for EPF reimbursement?

The reimbursement applies to new employees hired beyond the pre-expansion or pre-diversification employee count. There is no fixed limit, but it must be incremental.

What happens if an employer fails to submit EPF payment receipts on time?

If the EPF payment receipts are not submitted on time, the employer's reimbursement claim will not be processed for that period.

Pass this entry on to someone it fitsWhatsAppTelegramXFacebook

jsrr.in is an independent index, not a funding agency or a government body. The provider's official call is final: confirm every condition, amount and date there, and do not pay anyone who offers to apply for you.

This entry reproduces the official listing and has not yet been rewritten or reviewed by our team. Read the official call before you apply.

Report an error in this entry

Filed under

Ask about this entry

Questions are answered from the official call. Do not post your Aadhaar, bank, roll or mobile number. Your email address is not shown.