Incentive Scheme for MSMEs in Powerloom Sector: Waiver of Electricity Duty

The scheme “Waiver of Electricity Duty” 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 "Waiver of Electricity Duty" Sub-scheme: Through this incentive, an eligible micro, small or medium enterprise in the Powerloom sector for its approved project will be entitled an reimbursement of electricity duty on the electricity consumed for the manufacturing activity for 5 years from the date of commencement of commercial production.