Incentive Scheme for MSMEs in Powerloom Sector: State Capital Investment Subsidy

What is Incentive Scheme for MSMEs in Powerloom Sector: State Capital Investment Subsidy?

“State Capital Investment Subsidy” incentives under “Incentive Scheme for MSMEs in Powerloom Sector” scheme implemented by the Dept. of MSME & T, Government of West Bengal, aims to provide subsidy of the fixed capital investment made for its approved project.

Benefit

- 20% of Fixed Capital Investment on Plant and machinery.

Level

State — West Bengal

Ministry / Dept.

Micro, Small & Medium Enterprises and Textiles Department

Benefit type

cash

Key eligibility

- 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

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Benefits

- 20% of Fixed Capital Investment on Plant and machinery.

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   A micro, small or medium enterprise in Powerloom segment shall duly apply in prescribed form to the Directorate of Textile in Form-A1 before any investment in Plant and machinery (new age shuttle less loom). 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.