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The West Bengal Incentive Scheme: State Capital Investment Subsidy

“State Capital Investment Subsidy” incentives under “The West Bengal Incentive Scheme” scheme implemented by the Dept. of Tourism, Government of West Bengal, aims to provide a State Capital Investment Subsidy of the fixed capital investment.

Start date22 Feb 2021

Last verifiedToday

Official Source ↗

About This Scheme

The scheme “State Capital Investment Subsidy” is a sub scheme under “The West Bengal Incentive Scheme”. It was launched on 22nd February, 2021, by the Department of Tourism, Government of West Bengal, and shall remain valid upto 31st December, 2025. > Objective of the "West Bengal Incentive Scheme” Scheme: The object of the Scheme is to provide financial assistance and help enthusiastic intending or prospective entrepreneurs to start their own business as a self-employed youth who will become an employer in upcoming days and generate more employment. > Objectives of the "State Capital Investment Subsidy" Scheme: Through this incentive, eligible micro or small enterprises shall receive a State Capital Investment Subsidy on the fixed capital investment i.e. the investment made in building and plant and machinery and also on equipment installed for pollution control measures in the tourism unit.

Benefits

₹1.0 Cr

Group A: 7.5%, subject to a limit of ₹ 1,00,00,000/-,

₹1.0 Cr

Group B: 10%, subject to a limit of ₹ 1,00,00,000/-,

₹1.2 Cr

Group C: 15%, subject to a limit of ₹ 1,20,00,000/-,

₹1.5 Cr

Group D: 20%, subject to a limit of ₹ 1,50,00,000/-.

₹1.8 Cr

Special Area: 25%, subject to a limit of ₹ 1,75,00,000/-.

Note: In no case, the amount of this subsidy to an eligible unit in respect of the building component will exceed 50% of the total State Capital Investment Subsidy given to the unit.

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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> Documents required for the Registration and Eligibility Certificate [(Form I)](https://westbengalincentive21.wb.gov.in/files/contents/notification_wbis_2021.pdf):
✦
A copy of the Memorandum and Articles of Association issued by the Registrar of Companies/ Partnership agreement.
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A Statement of names and addresses of the Director/ Partners/Owners of the company.
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Project Report.
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Valid No objection Certificate from pollution control Board.
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Valid No objection Certificate from West Bengal Fire Service.
✦
In case of loan, Photocopy of Sanction letter from the Central Financial Institution/State Financial institution/ Bank.
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Copy of the Audited Balance sheet for the last 3 years with Income Tax acknowledgement.
✦
Estimate for Building and Plant & Machinery vetted by Govt. Registered Valluer / Chattered Valluer.
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Land Deed and all other Documents supporting statements made in the Form (Mutation/ROR, Conversion Certificate, site plan,clearance from M.A. Deptt. etc.
✦
All applicable clearance from Govt. authorities (Forest, CRZ, Police, etc.)
✦
Sarai Registration Certificate under Bengal Sarai Regulation Act (in case Hotel started their Commercial operation)
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Valid Trade License from appropriate authority.
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GST Certificate and GST return.
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Sanctioned Building Plan from appropriate authority (KMC/ Municipality/ Panchayat/or any other appropriate authority).
✦
> Documents required for the application of State Capital Investment Subsidy:
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A copy of the Techno-Economic Feasibility Report.
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A copy of (loan) sanctioned letter issued by Financial Institution/Bank.
✦
Valuation Certificate by Govt, registered valuer regarding building and plant & machinery.
✦
A certificate from a Chartered Accountant as per [Annexure-A](https://westbengalincentive21.wb.gov.in/files/contents/notification_wbis_2021.pdf) (format is available for download in attachment section). 1. A certificate in respect of fixed assets as per [Annexure-B](https://westbengalincentive21.wb.gov.in/files/contents/notification_wbis_2021.pdf) (format is available for download in attachment section). 1. Audited Annual Accounts till date.
✦
GST Return.
✦
Trade License up to date.
✦
Proof of date of commencement of commercial operation.

✦ Required ◦ Optional

How to Apply

OOnline

Quick Info

Level: Central Government
Max benefit: ₹1.8 Cr
Launched: 22 Feb 2021