GIFT Scheme
The Green Investment and Financing for Transformation (GIFT) Scheme is a government initiative designed to help Micro, Small, and Medium Enterprises (MSMEs) across India adopt environmentally friendly technologies and practices. By providing financial support and credit guarantees, the scheme aims to encourage MSMEs to invest in green solutions such as waste management, pollution control, and water treatment, making their operations more sustainable and eco-friendly.
Objectives
- ☉ To promote the adoption of green technologies among MSMEs.
- ☉ To provide financial assistance and credit guarantees for investments in eco-friendly solutions.
- ☉ To encourage sustainable manufacturing practices by supporting waste management, pollution control, and water treatment initiatives.
Eligible Beneficiaries
- ☉ Proprietorships
- ☉ Partnerships
- ☉ Private Limited Companies
- ☉ Limited Liability Partnerships (LLPs)
- ☉ Co-operatives
- ☉ Registered MSMEs involved in manufacturing across India
Eligible Activities
- ☉ Any manufacturing industry investing in waste management solutions.
- ☉ Adoption of green technologies to reduce environmental impact.
- ☉ Installation of pollution control equipment.
- ☉ Setting up waste management and water treatment facilities.
Eligible Components
- ☉ Green technology adoption (e.g., energy-efficient machinery, renewable energy systems)
- ☉ Pollution control equipment (e.g., air and water filtration systems)
- ☉ Waste management facilities (e.g., recycling units, composting plants)
- ☉ Water treatment facilities (e.g., effluent treatment plants, rainwater harvesting systems)
Benefits
- ☉ Financial support for eligible projects aimed at environmental sustainability
- ☉ Credit guarantees to make it easier for MSMEs to access loans and funding.
- ☉ Assistance in adopting new technologies and infrastructure for green manufacturing.
- ☉ Support for compliance with environmental regulations, improving business reputation and market access.
Important Documents
- ☉ Business registration certificate (Proprietorship, Partnership, LLP, Private Limited, etc.)
- ☉ Detailed project report (DPR) describing the proposed green investment.
- ☉ PAN card and Aadhaar card of business owners/partners/directors.
- ☉ Financial statements for the last 2-3 years.
- ☉ Bank account details and statements.
- ☉ Quotations/estimates for proposed equipment or facilities.
- ☉ Compliance certificates (if any) related to pollution control or environmental standards.
How to Apply for the GIFT Scheme
- ☉ Assess Eligibility: Check if your business falls under the eligible categories and activities.
- ☉ Prepare Project Proposal: Draft a detailed project report outlining the green investments you plan to make.
- ☉ Gather Required Documents: Collect business registration certificates, financial statements, project reports, and compliance documents.
- ☉ Submit Application: Apply through the official MSME channels or consult with subsidy solution providers for guidance.
- ☉ Follow Up: Track your application status and respond to any queries from the authorities.
Avail Subsidy Summary Report On Your Project
Got any questions?
Any registered MSME (Proprietorship, Partnership, LLP, Private Limited, Co-operative) in the manufacturing sector investing in green technologies or waste management can apply.
The scheme offers financial assistance for green investments and credit guarantees to help MSMEs secure loans for their projects.
Eligible activities include the adoption of green technology, installation of pollution control equipment, and the setting up waste management or water treatment facilities.
