West Bengal Textile Incentive Scheme: Incentive for Energy Efficiency

The scheme “Incentive for Energy Efficiency” is a sub scheme under “West Bengal Textile Incentive Scheme”. It was launched on 13 December, 2022, by the Department of Micro, Small and Medium Enterprises and Textiles, Government of West Bengal, and shall remain valid upto five years. > Objective of the "West Bengal Textile Incentive Scheme” Scheme: The object of the scheme is to extend fiscal incentives to textile sector across the entire value chain starting from fibre to stitched garments for setting up such units in the State. The focus is on accelerated and focused development of the textiles sector across the state. This shall enable to maximize the utilization of resources, generate new employment and widen the area of operation to make the state emerge as the preferred destination for investment in the textile sector. > Objective of the "Incentive for Energy Efficiency" Scheme: Through this incentive, an eligible micro or small enterprise for its approved project will be entitled to a reimbursement of the cost of energy audit undertaken by a certified agency. The reimbursement will be made after implementation of the recommendations. Also a reimbursement of the cost of installations for energy conservation as per energy audit will be entitled for its approved project.