“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...
Department: · Level: state · State: West Bengal
**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 & Small Enterprise:** - Zone A & B - 55% ; Zone C, D & E– 70%. > ***Medium Enterprise:*** - Zone – B, C, D & E: - 25% subject to a ceiling of ₹1,75,00,000/- per year.
- 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. <br> <br>
**Online** > **Registration Process:** Step 1: Visit the [Shilpasathi Portal](https://silpasathi.wb.gov.in/) and click ‘Apply Online’. On the next screen, click ‘Create New’ for new registration. Step 2: Select the Applicant Type (Industry /Business /Commercial /Charitable Society/ Govt. entity) and enter the Registration Number. Step 3: On the ‘User Registration’ page, fill in all the mandatory fields and click ‘Register’. <br> > **Application Process:** Step 1: Visit the [Shilpasathi Portal](https://silpasathi.wb.gov.in/) and click ‘Apply Online’. Step 2: Login to the portal using your username &amp; password or via OTP using your registered mobile number. Step 3: You will be directed to the user dashboard. Click ‘ALL SERVICES’ and then select &#39;MSME Incentive&#39; from the list of services. Step 4: Click ‘Create CAF’. Your CAF ID will be created. Click ‘Apply Online’ to proceed. Step 5: Fill in the &quot;eligibility form&quot; and click “Save and Continue” to get redirected to the common application form (CAF). Step 6: In the CAF, fill in all the mandatory fields, and click “Update and Continue” to preview the form. Step 7: After the form...