West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS

The State Government will extend financial support to clear 100% overdue principal amount +25% overdue interest amount as on 31/03/2024 of the NPA account of viable and potentially viable PWCS.

"NPA" means Non Performing Assets.

The balance 75% overdue interest and the penal interest, if any, shall be written off by the West Bengal State Cooperative Bank Ltd./ District Central Cooperative Bank Ltd. of the concerned Districts.

The Scheme will be implemented and monitored by the Micro, Small & Medium Enterprise and Textiles Department.

The Committee will scrutinize and examine the claim proposals as would be submitted in the prescribed format and will cause Field Enquiry, if necessary. The Committee will recommend the claim based on the scrutiny/ examination undertaken to the Director, Textiles/ CEO KWBVIB as the case may be.

In case of any misrepresentation of facts or furnishing false information by an applicant ,all his/ her claims under the scheme shall be revoked.

Yes, an eligible PWC/Khadi Society etc. which has availed of incentive/subsidy under any other scheme prior to the introduction of this scheme shall be eligible to get the benefits under this scheme.

Yes, an eligible PWC/Khadi Society etc. which has availed of incentive/subsidy under any other scheme prior to the introduction of this scheme shall be eligible to get the benefits under this scheme.

In case of any grievances against the decision of the Directorate of Textiles, application is to be made to the Principal Secretary, Department of MSME&T, Government of West Bengal. In case of any interpretation regarding the scheme, the Director of Textile shall consult with the Department of MSME&T before taking any final decision.

"West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS" scheme implemented by the MSME and Textiles Dept, Government of West Bengal aims to make PWCS debt free by providing financial support for One Time Settlement (OTS) of NPA accounts of PWCS.

This scheme was launched on 7th March, 2024 and will remain in force for five years.

Entrepreneur Weavers/Individual Weavers of the state are the targeted beneficiaries under this scheme.

An eligible PWCs/ Khadi society/ Individual Weaver will apply either in online or in offline mode in the prescribed format (as would be notified by this department) before the Director, Textiles.

The assistance will be provided one time to the beneficiaries.

"Societies" means and includes PWCS, Handloom Clusters, JLG groups, Handloom Groups.

"Khadi Society" means Society Registered under Co-operative Societies Act / Official Trustees Act / Societies Act/ Partnership Firm/ Company's Act etc. who are involved/ engaged in handloom/ khadi related activities.