āInterest Subsidy on Term Loanā incentives under āThe West Bengal Incentive Schemeā scheme by the Dept. of Tourism, Government of West Bengal, aims to provide Interest Subsidy on a...
Department: · Level: state · State: West Bengal
**Group-'Aā and āB' areas:** 50%, subject to a limit of ā¹ 25,00,000/- per year, for 5 years. **Group-'C' and 'D' areas:** 60%, subject to a limit of ā¹ 25,00,000/- per year, for 7 years. **Special Areas:** 75% , subject to a limit of ā¹ 30,00,000/- per year, for 7 years. **Note:** The interest subsidy will be payable annually subject to submission of statement or certificate by the lending bank/financial institution to prove that the unit has paid the due interest to the institution on the due dates. The subsidy shall, however, not be paid in respect of term loans availed for second-hand plant and machinery or hire-purchase equipment.
- 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.
**Online** > **Registration Process:** **Step 1:** Visit the official [Shilpasathi portal](https://silpasathi.wb.gov.in/) and click on āApply onlineā button. **Step 2:** A sign up window will appear. Click on āCreate Newā for new user. **Step 3:** Select the Industry /Business /Commercial /Charitable Society/ Govt. entity and enter the concerned Registration number. **Step 4:** Then the āUser Registrationā window will appear with the relevant fields that the applicant needs to fill accurately and click on āRegisterā. In case the applicant already has an account, click on the āSign Inā button and login using valid User ID, password and Captcha code. > **Application Process:** **Step 1:** Visit the official [Shilpasathi portal](https://silpasathi.wb.gov.in/) and click on āApply onlineā button. **Step 2:** Enter your user name, password and captcha code then click on āLog Inā. Or sign in with the registered mobile number and OTP. **Step 3:** Applicants will be directed to the user dashboard. Click on āALL SERVICESā to get the desired service. **Step 4:** A list of services will appear. Applicants need to click on the check box adjacent to the service named āTourism Incentive...