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West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs: Reimbursement of Stamp Duty

“Reimbursement of Stamp Duty” under the “SAIP for MSMEs” scheme, aims to provide reimbursement of stamp duty paid by the SPV for registration of land documents.

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About This Scheme

The scheme “Reimbursement of Stamp Duty” is a sub scheme under the “West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs”. It was launched on 16th September, 2020, by the Department of Micro, Small & Medium Enterprises and Textiles, Government of West Bengal, shall remain in force up to 5 years. > Objective of the "West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs”: The objective of the Scheme is to provide state support in the form of fiscal and non fiscal incentives in order to encourage private sector to set up industrial parks on their own land with quality infrastructure so as to catalyze and promote growth of MSME units in the state, boost employment generation, and lead to technology advancement and improved environmental compliance. > Objective of the "Reimbursement of Stamp Duty" Sub-scheme: Through this incentive, an Approved Industrial Park shall be entitled to reimbursement of stamp duty paid by the SPV for registration of land documents within the State relating to purchase of land for development of the AIP.

Benefits

Approved Industrial Park shall be entitled to reimbursement of stamp duty paid by the SPV for registration of land documents within the State relating to purchase of land for development up of the AIP.

Eligibility

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

Required Documents

  • Registration certificate of the applicant Private Sector/SPV.
  • Memorandum and Articles of Associations of Private Sector/SPV.
  • Company credentials and Financial Statements (Balance Sheet and Profit and Loss) of Private Sector Companies forming SPV in the last 3 years.
  • Copy of land Deed/ legal possession of the land for Park.
  • Any other documents/ papers required to be submitted in accordance with EOI such as the Detailed Project Report (DPR), Lay out Plan, Operation & Maintenance (O&M) Plan etc.
  • Application for grant of incentive under West Bengal Incentive Scheme, for Approved Industrial Park for MSMEs:
  • Registration Certificate of the SPV.
  • Memorandum and Articles of Association of the SPV.
  • Shareholders Agreement of the SPV.
  • Approved Layout plan.
  • Land deed.
  • Certificate for mutation and conversion of land.
  • Consent to Establish Certificate from WBPCB.
  • Other statutory approvals/ clearances / licenses.
  • Approval notification under the Scheme and approved extension if any.
  • Certificate of completion of constru

✦ Required ◦ Optional

How to Apply

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Level
Central Government