Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS)
in West Bengal
Last updated:
Key dates and updates (West Bengal)
Nationwide and West Bengal-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS) in West Bengal
Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS) is a government scheme available to eligible residents of West Bengal.
Apply for Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS) in West Bengal
Scheme Overview
“Interest Subsidy on Term Loan (IS)” incentives under “Banglashree for MSMEs” scheme implemented by the MSMEs Dept., Government of West Bengal, aims to provide Interest Subsidy on annual interest liability on the Term Loan borrowed from a Commercial Bank to an eligible micro or small enterprise.
Eligibility Criteria
- The business/organization should be a Micro/ Small/ Medium Enterprise.
- The business/organization should belong to the manufacturing sector.
- The business/organization should have started production on or after 1st April 2019.
- The business/organization should be in the private sector/ cooperative sector/ joint sector undertaking or should be a company/ undertaking owned and managed by the State Government or the Industrial SHGs.
- The Date of Commencement of Commercial Production (DOCCP) should be between 1st April 2020 to 31st March 2025.
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Benefits
**Pattern Of Assistance:** An eligible micro, small or medium enterprise will be entitled to Interest Subsidy on annual interest liability for 5 years on the Term Loan borrowed from a Commercial Bank/ Cooperative Bank/ Scheduled Banks approved by RBI/ RRBs/ Financial Institution (Central and State) for implementation of the approved project as follows:-
> **Micro &amp; Small Enterprise:**
Zone A &amp; B - 55% ; Zone C, D &amp; E– 70%.
> ***Medium Enterprise:***
Zone – B, C, D &amp; E: - 25% subject to a ceiling of ₹1,75,00,000/- per year.
Required Documents
| # | Document |
|---|---|
| 1 | Copy of the Memorandum of Association and Articles of Association authenticated by the Registrar of Companies / partnership deed (wherever applicable). |
| 2 | A statement on the name and address of the Directors / Partners / Owners of the enterprise / Members of Cooperative or Self Help Groups, as applicable. |
| 3 | Copy of approved project report. |
| 4 | A copy of loan sanctions letter and disbursement letter issued by financial institutions / banks. |
| 5 | A copy of the audited balance sheet for the last 2 years wherever applicable. |
| 6 | A list of plants and machinery with original value along with copies of the bills, money receipts. |
| 7 | 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. |
| 8 | Copy of the land deed (wherever applicable). In case of rented /leasehold land / buildings, copy of rent agreement and receipt /lease agreement. |
| 9 | Copy of mutation & conversion certificate of land/ building. |
| 10 | Copy of valid consent to operate certificate from the WBPCB. |
| 11 | Copies regarding SGST. |
| 12 | Copy of trade licence. |
| 13 | Copy of first electricity bill (wherever applicable) |
| 14 | Copy of acknowledgement of Udyog Aadhaar Registration |
| 15 | Copy of SC / ST certificate wherever applicable. |
| 16 | Copy of other statutory licenses/certificates, if necessary. |
| 17 | Self declaration as per para 7.1(vi) of the Scheme. |
| 18 | A certificate from Bank/Fl as per Annexure-II. |
Common questions in West Bengal
Who can apply for Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS) in West Bengal?
Eligible residents of West Bengal who meet the scheme’s overall criteria can apply for Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS). Refer to the eligibility section above for the complete checklist.
What documents are required for Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS) in West Bengal?
Applicants in West Bengal typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS)?
Key dates are summarized in the table on this page, from 1 April 2020 through 1 April 2020, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
Zone A includes the Kolkata Municipal Corporation Area, all municipal areas of North 24-Parganas, all municipal areas of South 24-Parganas, and all municipal corporation and municipal areas of Howrah.