West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs: Reimbursement of Stamp Duty

Description
The scheme “Reimbursement of Stamp Duty” is a sub scheme under the “West Bengal Incentive Scheme for Approved Industrial Park SAIP for MSMEs”. It was launched on 16th September, 2020, by the Department of Micro, Small & Medium Enterprises and Textiles, Government of West Bengal, shall remain in force up to 5 years. Objective of the "West Bengal Incentive Scheme for Approved Industrial Park SAIP for MSMEs”: The objective of the Scheme is to provide state support in the form of fiscal and non fiscal incentives in order to encourage private sector to set up industrial parks on their own land with quality infrastructure so as to catalyze and promote growth of MSME units in the state, boost employment generation, and lead to technology advancement and improved environmental compliance. Objective of the "Reimbursement of Stamp Duty" Sub-scheme: Through this incentive, an Approved Industrial Park shall be entitled to reimbursement of stamp duty paid by the SPV for registration of land documents within the State relating to purchase of land for development of the AIP.

Exclusions
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Benefits
• Approved Industrial Park shall be entitled to reimbursement of stamp duty paid by the SPV for registration of land documents within the State relating to purchase of land for development up of the AIP.

Eligibility Criteria
1. - Should be a Private sector entity or Existing/ Operational industrial parks.
2. - Should have a minimum of 5 acres of legally owned land (by direct purchase or lease from the State Government).
3. - Special Purpose Vehicle (SPV) must be registered under Companies Act/ Societies Registration Act/Partnership Act/ LLP.
4. - Park area should be expanded up to minimum 5 acres in outlying districts and minimum 2 acres in Kolkata and Howrah.
5. - The individual units have complied with all the necessary clearances for land conversion, fire licence, environmental issues, building plan etc.

Required Documents
• Registration certificate of the applicant Private Sector/SPV.
• Memorandum and Articles of Associations of Private Sector/SPV.
• Company credentials and Financial Statements (Balance Sheet and Profit and Loss) of Private Sector Companies forming SPV in the last 3 years.
• Copy of land Deed/ legal possession of the land for Park.
• Any other documents/ papers required to be submitted in accordance with EOI such as the Detailed Project Report (DPR), Lay out Plan, Operation & Maintenance (O&M) Plan etc.
• Application for grant of incentive under West Bengal Incentive Scheme, for Approved Industrial Park for MSMEs:
• Registration Certificate of the SPV.
• Memorandum and Articles of Association of the SPV.
• Shareholders Agreement of the SPV.
• Approved Layout plan.
• Land deed.
• Certificate for mutation and conversion of land.
• Consent to Establish Certificate from WBPCB.
• Other statutory approvals/ clearances / licenses.
• Approval notification under the Scheme and approved extension if any.
• Certificate of completion of constru

Frequently Asked Questions
Q: What is the objective of this scheme?
A: The “Incentive for Basic and Essential Common Infrastructure Facilities” under the “SAIP for MSMEs” scheme, aims to provide one time back-ended incentive for development of Basic and Essential Common Infrastructure Facilities based on land area.

Q: Who is eligible to apply for this scheme?
A: Any private sector having minimum 5 acre land under its legal possession (by direct purchase, or on lease from the State Govt) can apply through a Special Purpose Vehicle (SPV) registered under Companies Act/Societies Registration Act /Partnership Act/LLP can apply for setting up a new Industrial Park on the said land.
Also, Owner of any existing/operational privately operated.
industrial parks can also apply under SAIP, provided:-
a) Park area is expanded up to minimum 5 acre in outlying districts and minimum 2 acre in Kolkata and Howrah.
b) The individual units have complied with all the necessary clearances for land conversion, fire licence, environmental issues, building plan etc.

Q: What is the minimum size of land for a Park under SAIP?
A: Minimum area required for a Park with for heterogeneous activities is 5 acre in any district.
However, the scheme shall also be extended to parks dedicated entirely/substantially for Logistics and Warehousing Industry. But such parks shall have to be set up outside the municipal limits and must be developed upon a minimum area of 10 acres.
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Q: What is the role of SPV?
A: SPV will develop the Master Plan/Layout plan of the AIP adhering to the Urban Planning/ Town &amp;amp; Country Planning rules and shall have to obtain the master plan/ layout plan approval from relevant State Government Department with respect to adherence of rules (FAR, Land use, Area Statement, Open Space, Fire Safety, Waste water Management, Water Conservation, Drainage, Sewerage, Solid Waste Disposal, Utility shifting, Power, water, telecommunication, road connectivity and network, etc) including conformation of specification of infrastructure facilities/utilities and quality standard.
The SPV shall also be responsible for compliance of other statutory norms (Consent to Establish for the Park based on the activities of the proposed Units envisaged, Mutation, Conversion, Exemption of 14Y of WBLR/ UC Acts, if applicable, etc) as relevant from concerned State Government Departments/Govt. of India/ Authorities. All the compliances/ approvals/ licenses shall have to be obtained before construction of the park.

Q: What does Legal Possession of any land mean?
A: The basic requirement of legal possession is completion of Mutation process for the proposed land in f/o the SPV, or, in favour of the proponent individuals. For the latter, the said individuals have to make a Development agreement with the SPV giving it liberty to develop the Park upon their land.

Q: What are the basic and common infrastructural facilities to be installed in the AlP?
A: Common infrastructural facilities mean anything that will be used commonly by the MSME units in the park. Examples are - Land development, boundary walls, internal roads and street lighting, storm water drainage, sewerage system, STP &amp;amp; WTP (if applicable), water distribution network, electrical main distribution network, telecommunication network, common firefighting infrastructure, solid waste disposal site (if applicable), greenery, guardhouse, gate, and misc. civil structure etc.

Q: What is desired manner of land/plot/space allotment to individual units?
A: The SPV shall allot the saleable land plot/ space of the ATP to MSMEs through open advertisement in newspapers declaring rates of plot of land/ shed / buildings/ installations. In case applications more than the available plot of land/ shed/ buildings/ installations are received then allotment shall be made through lottery.

Q: What is the minimum number of units to be accommodated in an Approved Industrial Park?
A: There shall be minimum 5 number of independent MSME Units in Park which will cover 60% of the allottable area of the park.

Q: What kind of activities are allowed in an AIP?
A: Minimum 60% of allottable area can have different manufacturing activities including Cold Storage, Poultry, Fisheries, Logistics &amp; Warehousing.Maximum 5% area can have hostel/housing/guest house.Minimum 10% as open space, or, as per guideline of Building Rule and Ministry of Environment &amp; Forest, Gol.Rest areas can be used for common infrastructure and greenery.

Q: For how long shall the SPV manage the AIP?
A: The SPV shall manage and maintain the AIP for a minimum period of 5 years from the date of completion of construction/installation of the Basic and Essential Common infrastructure Facilities and allotment of minimum 80% of the saleable land to MSMEs without change in shareholding pattern.

Q: What is the definition of "Approved Industrial Park"?
A: Industrial Park for MSMEs approved by &quot;State Level Empowered Committee&quot; (SLEC) under the Scheme and subsequently notified by the State Government in the Department of Micro, Small &amp; Medium Enterprises and Textiles, Government of West Bengal.