What Government Subsidy Programs Support Stone Crusher Plant Investments in Gujarat?
Tid:
23 February 2021
As of the latest data up to October 2023, government incentives and subsidy programs in Gujarat and India in general aim to support industrial investments, including stone crusher plants, by reducing upfront costs and encouraging entrepreneurship. Here are key subsidy programs and schemes that may support stone crusher plant investments in Gujarat:
Central Government Schemes
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Pradhan Mantri Mudra Yojana (PMMY)
- Provides financial assistance to micro and small enterprises (including stone crusher plants).
- Offers loans under three categories: Shishu (up to ₹50,000), Kishor (₹50,000 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh).
- Helps small-scale entrepreneurs obtain funding with minimal collateral.
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Credit Linked Capital Subsidy Scheme (CLCSS)
- Provides subsidies to small-scale industries (SSIs) for upgrading machinery and technology.
- Applicable for stone crusher plants that adopt modern machinery.
- Offers up to 15% subsidy on capital investment for technological upgradation.
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National Bank for Agriculture and Rural Development (NABARD) Subsidies
- NABARD assists industries with loans and subsidies for rural and semi-urban infrastructure development.
- If the stone crusher plant is set up in such areas, applicants can check the schemes available for loans and interest rate rebates.
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Startup India Scheme
- Provides funding and mentorship support for startups.
- If the stone crusher plant can be categorized as an innovative or eco-friendly venture, it may qualify for tax exemptions and funding benefits.
Gujarat State Government Subsidies
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Gujarat Industrial Policy 2020
- Encourages micro, small, and medium enterprises (MSMEs) through financial aid, subsidies, and interest assistance.
- Capital subsidy of up to 6% interest reimbursement is available for eligible projects.
- Industries in backward regions and priority sectors (like mining and minerals processing) can claim additional benefits.
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Gujarat MSME Schemes
- Offers financial assistance for establishing, upgrading, or expanding MSME units, which could include stone crusher plants.
- Interest subsidy up to 7% for machinery purchases.
- Subsidy for acquiring certification (ISO, BIS, etc.), which enhances operational credibility.
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Environmental Clearance Assistance
- The Gujarat government simplifies processes and provides guidance for industries to obtain environment-related licenses and clearances.
- Applicable to stone crusher plants requiring compliance with pollution control norms.
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Mining Policy Support
- Stone crusher plants that depend on mining activities may receive benefits under Gujarat’s mining-focused policies.
- Subsidies or discounted rates on mineral royalty/taxes may apply.
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Skill Development Subsidy
- Gujarat provides funding to train the workforce under various programs.
- You can leverage training subsidies for your plant workers and operators.
Other Relevant Programs
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Electricity Duty Waiver
- Subsidized electricity rates and duty waivers may apply to industrial activities in Gujarat.
- Energy investments and power generation costs can be reduced significantly for stone crusher plants.
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Cluster Development Schemes
- If multiple stone crusher units operate close to each other, the state may provide aid under cluster development initiatives.
How to Avail the Subsidies
To avail of these subsidies and benefits:
- Contact the Gujarat Industrial Development Corporation (GIDC).
- Approach District Industries Centres (DICs) or MSME offices for guidance.
- Consult NABARD or state banks that administer central and state government schemes.
- Seek advice from Gujarat Pollution Control Board for environmental compliance-related incentives.
It’s important to stay updated with relevant subsidies by consulting official government websites and local representatives, as policies may evolve regularly.
Contact Us
Shanghai Zenith Mineral Co., Ltd. is a leading manufacturer of crushing and grinding equipment in China. With more than 30 years of experience in the mining machinery industry, Zenith has built a strong reputation for delivering high-quality crushers, mills, sand-making machines, and mineral processing equipment to customers around the world.
Headquartered in Shanghai, China, Zenith integrates research, production, sales, and service, providing complete solutions for aggregates, mining, and mineral grinding industries. Its equipment is widely used in metallurgy, construction, chemical engineering, and environmental protection.
Committed to innovation and customer satisfaction, Shanghai Zenith continues to advance in intelligent manufacturing and green production, offering reliable equipment and comprehensive after-sales service to help clients achieve efficient and sustainable operations.
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