Incentive Scheme for MSMEs in Powerloom Sector: Interest Subsidy on Term Loan

Incentive Scheme for MSMEs in Powerloom Sector: Interest Subsidy on Term Loan क्या है?

“Interest Subsidy on Term Loan” incentives under the “Incentive Scheme for MSMEs in Powerloom Sector” scheme implemented by the Dept. of MSME & T, Government of West Bengal, aims to provide subsidy on annual interest liability on the Term Loan borrowed from a Bank to an approved project.

लाभ

> **Micro & Small Enterprise:** - **Zone A & B:** 55% of interest liability for 5 years. - **Zone C, D & E:** 70% of interest liability for 5 years > **Medium Enterprise:** - **Zone B, C, D & E:** 25% of total Term Loan interest paid by the enterprise for 5 years subject to a ceiling of ₹ 1,75,00,000/- per year. > **Note:** The interest subsidy will be payable annually subject to submission of a statement / certificate (in [Annexure-II](https://wbmsmet.gov.in/home/download/YzA0YzdiMjc0YjAwYjBiMDgwYTRjYmRkOTU1MDY1NGQyNTNjM2YyYWYxMDRhNTkyYjRiMWI1YmVkZDYyOTZlN2YwNDc3ZDgwMDM5YzgxYjhmZWZiMWY2ODI0ZTNjYTUzMjU4N2YwYjViMjJiZTllZjAzYmM3NTRiZTY4ZDk0MTVjVmtvdlJCcjA0ZlpLYjZkbTlPQ0hyUTBaNGRuVzZZOXpHTlpGRkJwcUlZaDNwNXF0S01rSU4rTE5ZS3JCd3VKVmp5c1drM3hEb29QaHlXNit1Vy9CQT09)) by the lending Bank /Financial Institution to substantiate that the unit has paid the due interest to the institution on the due dates and has not defaulted in payment of interest at any time during the period.

स्तर

State — West Bengal

मंत्रालय / विभाग

Micro, Small & Medium Enterprises and Textiles Department

लाभ का प्रकार

cash

मुख्य पात्रता

- The Scheme shall be generally applicable to all micro, small, and medium enterprises (MSMEs) in the powerloom sector. - Enterprises must have started production from 01.01.2022 to 31.12.2024. - Enterprises should have executed a Four-party agreement with the Directorate of Textiles, Financial inst

अंतिम सत्यापन

Recently

Benefits

> **Micro & Small Enterprise:** - **Zone A & B:** 55% of interest liability for 5 years. - **Zone C, D & E:** 70% of interest liability for 5 years > **Medium Enterprise:** - **Zone B, C, D & E:** 25% of total Term Loan interest paid by the enterprise for 5 years subject to a ceiling of ₹ 1,75,00,000/- per year. > **Note:** The interest subsidy will be payable annually subject to submission of a statement / certificate (in [Annexure-II](https://wbmsmet.gov.in/home/download/YzA0YzdiMjc0YjAwYjBiMDgwYTRjYmRkOTU1MDY1NGQyNTNjM2YyYWYxMDRhNTkyYjRiMWI1YmVkZDYyOTZlN2YwNDc3ZDgwMDM5YzgxYjhmZWZiMWY2ODI0ZTNjYTUzMjU4N2YwYjViMjJiZTllZjAzYmM3NTRiZTY4ZDk0MTVjVmtvdlJCcjA0ZlpLYjZkbTlPQ0hyUTBaNGRuVzZZOXpHTlpGRkJwcUlZaDNwNXF0S01rSU4rTE5ZS3JCd3VKVmp5c1drM3hEb29QaHlXNit1Vy9CQT09)) by the lending Bank /Financial Institution to substantiate that the unit has paid the due interest to the institution on the due dates and has not defaulted in payment of interest at any time during the period.

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   After commencement of production an eligible micro, small or medium enterprise in Powerloom segment claiming the subsidy, will submit an application as per prescribed format in Form-A2 with all the relevant documents to the Directorate of Textiles. Time frame for submission of first Application: Within 12 months from the date of commencement of commercial production (01.01.2022 to 31.12.2024). Address: Directorate of Textiles, Handlooms, Spinning Mills, Silk Weaving & Handloom Based Handicrafts Division New Secretariat Buildings, 1, K. S. Roy Road, 5th Floor, 'B' Block, Kolkata 700001. Tel No. 033-2248 4537 / 2248 6271 (Ext. 215) Fax No. 033-2248 4537

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.