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The West Bengal Incentive Scheme: Tourism Promotion Assistance in lieu of Interest Subsidy

“Tourism Promotion Assistance in lieu of Interest Subsidy” incentive under the “The West Bengal Incentive Scheme” aims to provide Tourism Promotion Assistance for SGST irrespective of the location of the project, which will be in lieu of interest subsidy.

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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. > Objective of the “Tourism Promotion Assistance in lieu of Interest Subsidy” scheme: Through this incentive, an eligible unit shall be provided with a Tourism Promotion Assistance for State Goods and Service Tax (SGST) irrespective of the location of the project, which will be in lieu of interest subsidy.

Benefits

Pattern of Assistance: Assistance at the rate of 75% of SGST for 5 years irrespective of the location of the project, which will be in lieu of interest subsidy.

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):
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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.
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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.
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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.
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All applicable clearance from Govt. authorities (Forest, CRZ, Police, etc.)
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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).
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> Documents required for the application of “Tourism Promotion Assistance in lieu of Interest Subsidy”:
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Certificate from the Commissioner of GST, Govt. of West Bengal as per Annexure A (format is available for download in attachment section).

✦ Required ◦ Optional

How to Apply

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Level: Central Government