BGVB Udyog Scheme

MSMEs are complementary to large industries as ancillary units and this sector contributes significantly in the inclusive industrial development of the country. MSME Segment "Manufacturing" plays very vital role in all the sectors of the economy. Besides, manufacturing industries help people to export their products and to ensure good supply of products to Indians. Many Indian products are also exported to many countries, which creates dependency of other countries on India. It helps reducing import of foreign products which will lead India to become self- dependent and enable it to become developed country.


    To meet the working capital requirement (including Pre and Post Shipment credit).


    For acquiring fixed assets like land & factory building, plant and machinery by new enterprises. In case of existing units, for BGVB, renovating and modernizing the existing factory with a view to improve the quality or reducing production cost, creating additional infrastructure facilities, like setting up of Research & Development Centres I Testing Laboratories, purchase of vehicle (other than the vehicles meant for personal use) which are required to meet production and marketing needs of the unit etc.