Gujarat MSME SME Exchange Listing Subsidy — 25% Reimbursement, up to ₹5L — Frequently Asked Questions

It is the "Assistance for Raising Capital through SME Exchange" component of Gujarat's Scheme for Assistance to Micro, Small and Medium Enterprises (MSME), run by the Industries and Mines Department, Government of Gujarat. Its purpose is to make it cheaper for MSMEs to mobilise equity capital by listing on an SME Exchange, and it does that by paying back a portion of the listing-related spend.

The scheme returns 25% of the costs borne during the fundraising exercise, with a hard ceiling of ₹5,00,000. The payout never crosses that figure, no matter how large the total bill.

Three things have to line up. Your enterprise needs to be an MSME on the date it lists, it must have actually brought in equity capital by listing on an SME Exchange, and the fundraise must have followed the process approved by that exchange. On top of that, the application has to be submitted within one year of the listing date.

No. The support is structured as a reimbursement, so it is non-dilutive — the state hands back part of your spend and takes no shares, no board seat and no ownership in return. What the scheme does require is that you have already raised equity from investors by way of an SME Exchange listing.

The scheme is rolling and always open, so there is no fixed last date to watch. The real deadline is personal to your listing: the claim must reach the government within a year of the day your enterprise listed on the SME Exchange. Miss that window and the reimbursement is no longer available.

No. The reimbursement applies to costs you have already borne while raising capital on an SME Exchange, so the listing and the equity raise have to be complete first. Applying is the step that follows your listing, not a pre-approval before it.

Being an MSME at the time of listing is a stated requirement of this component. DPIIT recognition does not appear among the conditions of this scheme.

It covers the costs an MSME bears while raising money on an SME Exchange — the expenditure attached to the listing and fundraising process. The benefit is calculated as a flat 25% of that spend, up to ₹5,00,000.

Applications are made online on the Investor Facilitation Portal (IFP). Register as a new investor first, fill in and submit the registration form, then confirm your email address through the verification link sent to you. After that, log in with your email and password, complete the required details and upload the mandatory documents about your business to finish the application.

The umbrella Scheme for Assistance to MSMEs, of which this is one component, is effective from 7 August 2020 to 6 August 2025.

Gujarat MSME SME Exchange Listing Subsidy — 25% Reimbursement, up to ₹5L is offered by Industries and Mines Department, Government of Gujarat, a government body. It is provided as non-dilutive funding.