The West Bengal Incentive Scheme: Tourism Promotion Assistance in lieu of Interest Subsidy
in West Bengal
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The West Bengal Incentive Scheme: Tourism Promotion Assistance in lieu of Interest Subsidy in West Bengal
The West Bengal Incentive Scheme: Tourism Promotion Assistance in lieu of Interest Subsidy is a government scheme available to eligible residents of West Bengal.
Apply for The West Bengal Incentive Scheme: Tourism Promotion Assistance in lieu of Interest Subsidy in West Bengal
Scheme Overview
“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.
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
**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.
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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 | Certificate from the Commissioner of GST, Govt. of West Bengal as per Annexure A (format is available for download in attachment section). |
Common questions in West Bengal
Who can apply for The West Bengal Incentive Scheme: Tourism Promotion Assistance in lieu of Interest Subsidy in West Bengal?
Eligible residents of West Bengal who meet the scheme’s overall criteria can apply for The West Bengal Incentive Scheme: Tourism Promotion Assistance in lieu of Interest Subsidy. Refer to the eligibility section above for the complete checklist.
What documents are required for The West Bengal Incentive Scheme: Tourism Promotion Assistance in lieu of Interest 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.
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. <br>