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Banglashree for Micro, Small and Medium Enterprises: Subsidy for Work Force Welfare Assistance (WWAS)

“Subsidy for Work Force Welfare Assistance (WWAS)” incentives under “Banglashree for MSMEs” scheme implemented by the MSMEs Dept., Government of West Bengal, aims to provide reimbursement of expenditure incurred for paying contribution towards Employees State Insurance (ESI) and Employees Provident.

Start date1 Apr 2020

Last verifiedToday

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About This Scheme

The scheme “State Capital Investment Subsidy” is a sub-scheme under the “Banglashree for Micro, Small and Medium Enterprises” scheme. It was launched on 1st April 2020 by the Department of Micro, Small and Medium Enterprises and Textiles, Government of West Bengal, and shall remain in force till 31st March 2025. > Objectives of the "Banglashree for MSME” Scheme: The objective of the scheme is to extend fiscal incentives to encourage entrepreneurs to set up Micro, Small and Medium Enterprises with a view to focusing on the balanced development of MSMEs across the State and creating a sustainable ecosystem in the MSME sector which can maximize the utilization of resource, generate new employment and widen the area of operation to make the State emerge as the MSME leader in the country. > Objectives of the "Subsidy for Work Force Welfare Assistance (WWAS)" Scheme: Through this incentive, eligible micro or small enterprises shall receive reimbursement of expenditure incurred by it for paying its contribution towards Employees State Insurance (ESI) and Employees Provident Fund (EPF) if at least 50% of the employees in the enterprise are recruited from amongst the persons registered with the Employment Bank of the State.

Benefits

Pattern Of Assistance:

An eligible micro, small or medium enterprise for its approved project will be entitled to a reimbursement of 100% in first year and 75% in the remaining years of expenditure incurred by it for paying its contribution towards Employees State Insurance (ESI) and Employees Provident Fund (EPF) if at least 50% of the employees in the enterprise are recruited from amongst the persons registered with Employment Bank of the State. The period of assistance will be as follows:-

Zone - B: 5 years.
Zone - C: 7 years.
Zone - D & E: - 9 years.

NOTE: The reimbursement of expenditure specified above will be payable annually based on a minimum statutory limit subject to the condition that the enterprise has paid its contribution towards ESI and EPF on due dates.

‘Employee’ will have the same meaning as defined under “Employees’ Provident Fund Act, 1952" and “Employees’ State Insurance Act, 1948”.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

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Copy of the Memorandum of Association and Articles of Association authenticated by the Registrar of Companies / partnership deed (wherever applicable).
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A statement on the name and address of the Directors / Partners / Owners of the enterprise / Members of Cooperative or Self Help Groups, as applicable.
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Copy of approved project report.
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A copy of loan sanctions letter and disbursement letter issued by financial institutions / banks.
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A copy of the audited balance sheet for the last 2 years wherever applicable.
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A list of plants and machinery with original value along with copies of the bills, money receipts.
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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.
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Copy of the land deed (wherever applicable). In case of rented /leasehold land / buildings, copy of rent agreement and receipt /lease agreement.
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Copy of mutation & conversion certificate of land/ building.
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Copy of valid consent to operate certificate from the WBPCB.
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Copies regarding SGST.
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Copy of trade licence.
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Copy of first electricity bill (wherever applicable)
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Copy of acknowledgement of Udyog Aadhaar Registration
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Copy of SC / ST certificate wherever applicable.
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Copy of other statutory licenses/certificates, if necessary.
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Self declaration as per [para 7.1(vi) of the Scheme](https://silpasathi.wb.gov.in/read-bytea-file-all/aWQ%3D/MTU5/NDQ%3D/ZW9kYl9zdGF0aWNfcGFnZV9wZGZfbWFuYWdl/cGRmX2NvbnRlbnQ%3D/MDFfMTU0M19tc21ldF8xODAxMV8yMjA3MjAyMF9jb21wcmVzc2VkLnBkZg%3D%3D). 1. Copies of documents regarding contributions made to EST/EPF
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A statement showing the names of workers, their age, date of appointment, nature of appointment and nature of work.
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Certificate from the Regional Provident Fund Commission as per [Annexure - III.](https://silpasathi.wb.gov.in/read-bytea-file-all/aWQ%3D/MTU5/NDQ%3D/ZW9kYl9zdGF0aWNfcGFnZV9wZGZfbWFuYWdl/cGRmX2NvbnRlbnQ%3D/MDFfMTU0M19tc21ldF8xODAxMV8yMjA3MjAyMF9jb21wcmVzc2VkLnBkZg%3D%3D) 1. Certificate from the Director, ESI as per [Annexure-Ill.](https://silpasathi.wb.gov.in/read-bytea-file-all/aWQ%3D/MTU5/NDQ%3D/ZW9kYl9zdGF0aWNfcGFnZV9wZGZfbWFuYWdl/cGRmX2NvbnRlbnQ%3D/MDFfMTU0M19tc21ldF8xODAxMV8yMjA3MjAyMF9jb2

✦ Required ◦ Optional

How to Apply

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Quick Info

Level: Central Government
Launched: 1 Apr 2020