тАЬInterest Subsidy on Term LoanтАЭ incentives under the тАЬIncentive Scheme for MSMEs in Powerloom SectorтАЭ scheme implemented by the Dept. of MSME & T, Government of West Bengal, aims t...
**Zone A & B:** 55% of interest liability for 5 years. - **Zone C, D & E:** 70% of interest liability for 5 years
> **Medium Enterprise:**
**Zone B, C, D & E:** 25% of total Term Loan interest paid by the enterprise for 5 years subject to a ceiling of тВ╣ 1,75,00,000/- per year.
> **Note:** The interest subsidy will be payable annually subject to submission of a statement / certificate (in [Annexure-II](https://wbmsmet.gov.in/home/download/YzA0YzdiMjc0YjAwYjBiMDgwYTRjYmRkOTU1MDY1NGQyNTNjM2YyYWYxMDRhNTkyYjRiMWI1YmVkZDYyOTZlN2YwNDc3ZDgwMDM5YzgxYjhmZWZiMWY2ODI0ZTNjYTUzMjU4N2YwYjViMjJiZTllZjAzYmM3NTRiZTY4ZDk0MTVjVmtvdlJCcjA0ZlpLYjZkbTlPQ0hyUTBaNGRuVzZZOXpHTlpGRkJwcUlZaDNwNXF0S01rSU4rTE5ZS3JCd3VKVmp5c1drM3hEb29QaHlXNit1Vy9CQT09)) by the lending Bank /Financial Institution to substantiate that the unit has paid the due interest to the institution on the due dates and has not defaulted in payment of interest at any time during the period.
The Scheme shall be generally applicable to all micro, small, and medium enterprises (MSMEs) in the powerloom sector.
Enterprises must have started production from 01.01.2022 to 31.12.2024.
Enterprises should have executed a Four-party agreement with the Directorate of Textiles, Financial institution and Tantuja.
The units should be a private sector, cooperative sector and joint sector undertaking as also companies/undertakings owned and managed by the State Government and the Industrial SHGs.
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.
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**Offline**
- After commencement of production an eligible micro, small or medium enterprise in Powerloom segment claiming the subsidy, will submit an application as per prescribed format in [Form-A2](https://wbmsmet.gov.in/home/download/YzA0YzdiMjc0YjAwYjBiMDgwYTRjYmRkOTU1MDY1NGQyNTNjM2YyYWYxMDRhNTkyYjRiMWI1YmVkZDYyOTZlN2YwNDc3ZDgwMDM5YzgxYjhmZWZiMWY2ODI0ZTNjYTUzMjU4N2YwYjViMjJiZTllZjAzYmM3NTRiZTY4ZDk0MTVjVmtvdlJCcjA0ZlpLYjZkbTlPQ0hyUTBaNGRuVzZZOXpHTlpGRkJwcUlZaDNwNXF0S01rSU4rTE5ZS3JCd3VKVmp5c1drM3hEb29QaHlXNit1Vy9CQT09) with all the relevant documents to the Directorate of Textiles.
> **Time frame for submission of first Application:**
Within 12 months from the date of commencement of commercial production (01.01.2022 to 31.12.2024).
> **Address:**
Directorate of Textiles, Handlooms, Spinning Mills, Silk Weaving & Handloom Based Handicrafts Division
- The Scheme shall be generally applicable to all micro, small, and medium enterprises (MSMEs) in the powerloom sector.
- Enterprises must have started production from 01.01.2022 to 31.12.2024.
- Enterprises should have executed a Four-party agreement with the Directorate of Textiles,...
> **Micro & Small Enterprise:**
- **Zone A & B:** 55% of interest liability for 5 years. - **Zone C, D & E:** 70% of interest liability for 5 years
> **Medium Enterprise:**
- **Zone B, C, D & E:** 25% of total Term Loan interest paid by the en...
**Offline**
- After commencement of production an eligible micro, small or medium enterprise in Powerloom segment claiming the subsidy, will submit an application as per prescribed format in [Form-A2](https://wbmsmet.gov.in/home/download/YzA0YzdiMjc0YjAwYjBiMDgwYTRjYmRkOTU1MDY1NGQyNTNjM2Yy...