Central GovernmentVerified
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.
Start date1 Jan 2022
Last verifiedToday
About This Scheme
The scheme “State Capital Investment Subsidy” is a sub scheme under the “Incentive Scheme for MSMEs in Powerloom Sector”. It was launched on 1st January, 2022, by the Department of Micro, Small & Medium Enterprises and Textiles, Government of West Bengal, and shall remain valid upto 31st December, 2024. > Objective of the "Incentive Scheme for MSMEs in Powerloom Sector”: The objective of the Scheme is to extend fiscal incentives for installation of New age shuttleless Powerlooms by MSMEs in Textile sector with a view to boost production of the improved quality fabrics and to create a sustainable ecosystem for MSMEs in Textile sector which can maximize the utilization of resource, generate new employment and widen the area of operation to make the State emerge as the leader in Powerloom sector in country. > Objective of the "State Capital Investment Subsidy" Sub-scheme: Through this incentive, an eligible micro or small or medium enterprise in Powerloom sector irrespective of area/ zone will be entitled to Capital Investment Subsidy for its approved project of fixed capital investment on Plant and machinery (new age shuttle less powerloom).
Benefits
20% of Fixed Capital Investment on Plant and machinery.
Eligibility
Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
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Required Documents
- ✦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](https://wbmsmet.gov.in/home/download/YzA0YzdiMjc0YjAwYjBiMDgwYTRjYmRkOTU1MDY1NGQyNTNjM2YyYWYxMDRhNTkyYjRiMWI1YmVkZDYyOTZlN2YwNDc3ZDgwMDM5YzgxYjhmZWZiMWY2ODI0ZTNjYTUzMjU4N2YwYjViMjJiZTllZjAzYmM3NTRiZTY4ZDk0MTVjVmtvdlJCcjA0ZlpLYjZkbTlPQ0hyUTBaNGRuVzZZOXpHTlpGRkJwcUlZaDNwNXF0S01rSU4rTE5ZS3JCd3VKVmp5c1drM3hEb29QaHlXNit1Vy9CQT09). - Self certification on fixed assets as per [Annexure-I](https://wbmsmet.gov.in/home/download/Yz
✦ Required ◦ Optional
How to Apply
IIn-person
Quick Info
- Level
- Central Government
- Launched
- 1 Jan 2022