Incentive Scheme for MSMEs in Powerloom Sector: State Capital Investment Subsidy
State: West Bengal
Ministry: null
Department: Micro, Small & Medium Enterprises and Textiles Department
Category: Business & Entrepreneurship
Beneficiary Type: Business Entity, Industries, Joint Liability Groups (JLGS), NGO, Registered Societies, Trust, Self Help Groups (SHGS)

“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.

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

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 institution and Tantuja.
  - The units should be a private sector, cooperative sector and joint sector undertaking as also companies/undertakings
  - owned and managed by the State Government and the Industrial SHGs.
  - The project should be covered by a detailed feasibility report/project prepared for the purpose.
  - The project should have been approved and sanctioned by a Central Financial Institution or Commercial Banks or State Financial Institutions.

Application Process:
[Offline]
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

Documents Required:
A copy of the Memorandum of Association and Articles of Association authenticated by the Registrar of Companies/ partnership deed (wherever applicable).
A statement on the name and address of the Directors /Partners /Owners of the enterprise/ Members of Cooperative or Self Help Groups, as applicable.
Copy of approved project report.
A copy of loan sanctions letter and disbursement letter issued by financial institutions/ banks.
Copy of agreement.
A copy of the audited balance sheet for the last 2 years wherever applicable.
Existing manufacturing activities in West Bengal stating items, annual approved capacity, annual production during the last three years (in quantity and value in Rs. Lakh), if applicable.
Copy of the land deed (wherever applicable) (In case of rented /leasehold land / buildings, copy of rent agreement and receipt /lease agreement).
Copy of mutation & conversion certificate of land/ building.
Copy of valid consent to operate certificate from the WBPCB.
Copies regarding SGST.
Copy of Trade Licence.
Copy of first electricity bill (wherever applicable).
Copy of acknowledgement of Udyam Registration.
Copy of SC /ST certificate wherever applicable.
Copy of other statutory licenses/certificates, if necessary.
“Self declaration” as per para 7.1(vi) of the Official Scheme Guidelines.
Self certification on fixed assets as per Annexure-I.