The West Bengal Incentive Scheme: State Capital Investment Subsidy
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 |
The West Bengal Incentive Scheme: State Capital Investment Subsidy in West Bengal
The West Bengal Incentive Scheme: State Capital Investment Subsidy is a government scheme available to eligible residents of West Bengal.
Apply for The West Bengal Incentive Scheme: State Capital Investment Subsidy in West Bengal
Scheme Overview
“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.
Eligibility Criteria
- The Scheme shall be generally applicable to all eligible tourism projects/units and also to expansion projects of existing units set up on or after the effective date (i.e. 22nd February, 2021) of this incentive scheme.
Or,
- Eligible Hotel Units who started their commercial operation on or after 7th January, 2015 to 31st December, 2020 but could not apply under previous scheme 2015 due to absence of a Bar in the Hotel.
- The units may be in the private sector, co-operative sector, joint sector as also companies/undertakings owned or managed by the State Government.
- The project should be covered by a detailed feasibility report/project prepared for the purpose.
- The project should have been approved and sanctioned by a Central Financial Institution or Commercial Banks or State Financial Institutions.
- The unit should hold an Registration Certificate, Date of Commencement Certificate and Eligibility Certificate issued by the West Bengal Tourism Development Corporation Limited on satisfaction of arrangement.
Benefits
Group A: 7.5%, subject to a limit of ₹ 1,00,00,000/-,
Group B: 10%, subject to a limit of ₹ 1,00,00,000/-,
Group C: 15%, subject to a limit of ₹ 1,20,00,000/-,
Group D: 20%, subject to a limit of ₹ 1,50,00,000/-.
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.
Required Documents
| # | Document |
|---|---|
| 1 | A copy of the Memorandum and Articles of Association issued by the Registrar of Companies/ Partnership agreement. |
| 2 | A Statement of names and addresses of the Director/ Partners/Owners of the company. |
| 3 | Project Report. |
| 4 | Valid No objection Certificate from pollution control Board. |
| 5 | Valid No objection Certificate from West Bengal Fire Service. |
| 6 | In case of loan, Photocopy of Sanction letter from the Central Financial Institution/State Financial institution/ Bank. |
| 7 | Copy of the Audited Balance sheet for the last 3 years with Income Tax acknowledgement. |
| 8 | Estimate for Building and Plant & Machinery vetted by Govt. Registered Valluer / Chattered Valluer. |
| 9 | Land Deed and all other Documents supporting statements made in the Form (Mutation/ROR, Conversion Certificate, site plan,clearance from M.A. Deptt. etc. |
| 10 | All applicable clearance from Govt. authorities (Forest, CRZ, Police, etc.) |
| 11 | Sarai Registration Certificate under Bengal Sarai Regulation Act (in case Hotel started their Commercial operation) |
| 12 | Valid Trade License from appropriate authority. |
| 13 | GST Certificate and GST return. |
| 14 | Sanctioned Building Plan from appropriate authority (KMC/ Municipality/ Panchayat/or any other appropriate authority). |
| 15 | A copy of the Techno-Economic Feasibility Report. |
| 16 | A copy of (loan) sanctioned letter issued by Financial Institution/Bank. |
| 17 | Valuation Certificate by Govt, registered valuer regarding building and plant & machinery. |
| 18 | A certificate from a Chartered Accountant as per Annexure-A (format is available for download in attachment section). |
| 19 | A certificate in respect of fixed assets as per Annexure-B (format is available for download in attachment section). |
| 20 | Audited Annual Accounts till date. |
| 21 | GST Return. |
| 22 | Trade License up to date. |
| 23 | Proof of date of commencement of commercial operation. |
Common questions in West Bengal
Who can apply for The West Bengal Incentive Scheme: State Capital Investment Subsidy in West Bengal?
Eligible residents of West Bengal who meet the scheme’s overall criteria can apply for The West Bengal Incentive Scheme: State Capital Investment Subsidy. Refer to the eligibility section above for the complete checklist.
What documents are required for The West Bengal Incentive Scheme: State Capital Investment Subsidy 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 The West Bengal Incentive Scheme: State Capital Investment Subsidy?
Key dates are summarized in the table on this page, from 22 February 2021 through 22 February 2021, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
"Special Area" includes the districts of Paschim Medinipur, Bankura, Purulia, Jhargram & Blocks under Sunderbans area in both North 24 Parganas & South 24 Parganas Districts.