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Banglashree for Micro, Small and Medium Enterprises: Subsidy on Stamp Duty and Registration Fee (SDRFS)

“Subsidy on Stamp Duty and Registration Fee (SDRFS)” incentives under “Banglashree for MSMEs” scheme implemented by the MSMEs Dept., Government of West Bengal, provides a reimbursement of stamp duty and registration fee paid by the eligible enterprises for the purpose of registration of documents.

Start date1 Apr 2020

Last verifiedToday

Official Source ↗

About This Scheme

“Subsidy on Stamp Duty and Registration Fee (SDRFS)” 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 &quot;Subsidy on Stamp Duty and Registration Fee” Scheme: Through this incentive, an eligible micro, small and medium enterprise will be entitled to a reimbursement of stamp duty and registration fee paid by it for the purpose of registration of documents within the State.

Benefits

> Micro & Small Enterprise:

Zone – A - 25%

Zone – B - 50%

Zone – C - 75%

Zone – D & E - 100%

> Medium Enterprise:

Zone – B, C, D and E : 75%

The subsidy will be admissible for the purpose of:

1. Purchase of land and/ or buildings for setting up of the approved project and Land/building/shed taken on Lease (minimum ten years) at any government /government approved Industrial Park/ Estate for setting up of the approved project.

1. The amount admissible will be calculated proportionately based on the percentage of land / buildings used for setting up of the enterprise for implementation of the approved project.

Eligibility

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

Required Documents

✦
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.
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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.
✦
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.
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Copy of trade licence.
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Copy of first electricity bill (wherever applicable)
✦
Copy of acknowledgement of Udyog Aadhaar Registration
✦
Copy of SC / ST certificate wherever applicable.
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Copy of other statutory licenses/certificates, if necessary.
✦
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). - Scheduled of the land.
✦
Sketch map of the land/building purchased.
✦
Documents showing payment of Stamp Duty and Registration Fee.

✦ Required ◦ Optional

How to Apply

OOnline

Quick Info

Level: Central Government
Launched: 1 Apr 2020