Scheme for Financial Assistance to Integrated Logistics Facilities: Interest Subsidy

DETAILS The "Scheme for Financial Assistance to Integrated Logistics Facilities" is an umbrella scheme launched by the Industries and Mines Department, Gujarat under the Gujarat Integrated Logistics and Logistics Park Policy. Effective from August 2nd, 2021 to August 1st, 2026, this initiative aims to provide financial assistance to the private developer for developing Logistics Facilities and Logistics Park with all required infrastructure and logistic services. The component "Interest Subsidy" is designed to assist developers by reducing their interest burden on term loans. It is applicable only to new units or projects, enabling developers to improve their financial stability during the project's development phase. BENEFITS Coverage of Moratorium Period: Interest repayment during the moratorium period is also eligible for subsidy. Assistance on Actual Disbursement: The subsidy is calculated based on the actual disbursed amount of the sanctioned term loan. Encourages Timely Repayment: Incentivizes developers to maintain regular repayment schedules to avoid being declared defaulters. ELIGIBILITY The subsidy is applicable only to new units/projects. The term loan’s first disbursement date must fall within the scheme’s operative period. Developers must not be declared defaulters as per RBI guidelines. Repayment against the principal must be timely. Exclusions Periods with default in principal repayment (90 days or more) are not eligible, even if interest is repaid during this time.