Sarkari Yojana
Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS)
About Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS)
The “Interest Subsidy on Term Loan (IS)” is one component of the larger “Banglashree for Micro, Small and Medium Enterprises” scheme. The Department of Micro, Small and Medium Enterprises and Textiles, Government of West Bengal, brought it into effect on 1st April 2020, and it stays valid until 31st March 2025. > Objectives of the “Banglashree for MSME” Scheme:
Banglashree offers fiscal incentives that motivate entrepreneurs to establish Micro, Small and Medium Enterprises, promoting even growth of MSMEs throughout the State and a sustainable MSME ecosystem that makes the most of resources, creates fresh jobs and broadens operations, so that the State becomes the country’s MSME leader. > Objectives of the Interest Subsidy on Term Loan Scheme:
This incentive lets an eligible micro, small or medium enterprise claim an Interest Subsidy on the yearly interest payable on a Term Loan taken from a Commercial Bank/ Cooperative Bank/ Scheduled Banks approved by RBI/ RRBs/ Financial Institution (Central and State) to carry out its approved project.
Scheme Overview
State Government
Business Entity
01 Apr 2020
Scheme Details
Eligibility Requirements
To qualify for Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS), applicants must satisfy the following conditions:
The applicant must be a Micro/ Small/ Medium…
The applicant must be a Micro/ Small/ Medium Enterprise.
It must operate in the manufacturing sector
It must operate in the manufacturing sector.
Its production must have begun on or after…
Its production must have begun on or after 1st April 2019.
It must be a private sector/ cooperative sector/…
It must be a private sector/ cooperative sector/ joint sector undertaking, or a company/ undertaking owned and run by the State Government or the Industrial SHGs.
Its Date of Commencement of Commercial Production (DOCCP)…
Its Date of Commencement of Commercial Production (DOCCP) must lie between 1st April 2020 to 31st March 2025.
Benefits Provided
Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS) provides the following benefits to eligible applicants:
Pattern Of Assistance: For 5 years, an eligible micro, small or medium enterprise can claim an Interest Subsidy on the yearly interest liability of the Term Loan it took from a Commercial Bank/ Cooperative Bank/ Scheduled Banks approved by RBI/ RRBs/ Financial Institution (Central and State) for its approved project, at these rates:- Micro & Small Enterprise:
Zone A & B get 55% ; Zone…
Zone A & B get 55% ; Zone C, D & E get 70%. Medium Enterprise:
Zone – B, C, D & E
Zone – B, C, D & E: - 25%, up to a limit of ₹1,75,00,000/- per year.
Documents Required
Applicants should keep the following documents ready before starting the application:
Memorandum of Association and Articles of Association certified…
Memorandum of Association and Articles of Association certified by the Registrar of Companies, or the partnership deed (where relevant), in copy.
A list giving names and addresses of the…
A list giving names and addresses of the enterprise's Directors / Partners / Owners, or Members of the Cooperative or Self Help Group, as the case may be.
The approved project report, in copy
The approved project report, in copy.
Loan sanction and disbursement letters from the financial…
Loan sanction and disbursement letters from the financial institutions / banks, in copy.
Audited balance sheets for the past 2 years,…
Audited balance sheets for the past 2 years, where relevant.
Schedule of plant and machinery at original value,…
Schedule of plant and machinery at original value, with copies of bills and money receipts.
Where applicable, details of current manufacturing in West…
Where applicable, details of current manufacturing in West Bengal: items made, approved annual capacity and yearly output over the last three years (quantity and value in Rs. Lakh).
Land deed copy (where relevant); for rented /leasehold…
Land deed copy (where relevant); for rented /leasehold land or buildings, the rent agreement and receipt or the lease agreement.
Mutation & conversion certificate for the land/ building,…
Mutation & conversion certificate for the land/ building, in copy.
A valid consent to operate certificate issued by…
A valid consent to operate certificate issued by the WBPCB, in copy.
SGST-related documents
SGST-related documents.
Trade licence copy
Trade licence copy.
The first electricity bill (where relevant), in copy
The first electricity bill (where relevant), in copy.
Acknowledgement of Udyog Aadhaar Registration, in copy
Acknowledgement of Udyog Aadhaar Registration, in copy.
SC / ST certificate copy, where relevant
SC / ST certificate copy, where relevant.
Any other statutory licences/certificates needed, in copy
Any other statutory licences/certificates needed, in copy.
A self-declaration in line with para 7.1(vi) of…
A self-declaration in line with para 7.1(vi) of the Scheme .
A certificate from the Bank/Fl in the Annexure-II…
A certificate from the Bank/Fl in the Annexure-II format.
2020-04-01
How to Apply
Online Application
Applicants can apply for Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS) through the online application process outlined below.
Registration Process:
Open the Shilpasathi Portal and press ‘Apply Online’,…
Open the Shilpasathi Portal and press ‘Apply Online’, then press ‘Create New’ on the following screen to register afresh.
Choose the Applicant Type (Industry /Business /Commercial /Charitable…
Choose the Applicant Type (Industry /Business /Commercial /Charitable Society/ Govt. entity) and type in the Registration Number.
Complete every mandatory field on the ‘User Registration’…
Complete every mandatory field on the ‘User Registration’ page and press ‘Register’. Application Process:
Open the Shilpasathi Portal and press ‘Apply Online’
Open the Shilpasathi Portal and press ‘Apply Online’.
Sign in with your username & password, or…
Sign in with your username & password, or with an OTP sent to your registered mobile number.
On the user dashboard that opens, press ‘ALL…
On the user dashboard that opens, press ‘ALL SERVICES’ and pick 'MSME Incentive' from the service list.
Press ‘Create CAF’ to generate your CAF ID,…
Press ‘Create CAF’ to generate your CAF ID, then press ‘Apply Online’ to continue.
Complete the "eligibility form" and press “Save and…
Complete the "eligibility form" and press “Save and Continue”, which takes you to the common application form (CAF).
Fill every mandatory field of the CAF and…
Fill every mandatory field of the CAF and press “Update and Continue” to see a preview.
Once the form is submitted, the “Dashboard” opens…
Once the form is submitted, the “Dashboard” opens where you can view the application status.
Resume the application from the Dashboard by pressing…
Resume the application from the Dashboard by pressing “Click to Proceed”, and press “Save” when finished to store the changes.
Press "Preview" to review the form before final…
Press "Preview" to review the form before final submission.
On the following screen, press "Go to Application"…
On the following screen, press "Go to Application" to complete the "Online Form - A" application.
In the "APPLY SUBSIDY" section, review the year-wise…
In the "APPLY SUBSIDY" section, review the year-wise subsidy items for the application concerned, then press "SAVE".
In the "FILL UP SUBSIDY" tab, enter the…
In the "FILL UP SUBSIDY" tab, enter the year-wise subsidy details for the incentive and press "Add More" for a multi-year or year-wise breakup.
Upload the supporting documents, preview everything, press “VERIFY…
Upload the supporting documents, preview everything, press “VERIFY & SUBMIT”, tick the declaration box and press “Submit Application”.
After the Form-A application is finally submitted, an…
After the Form-A application is finally submitted, an application reference number is issued; keep it to track your application status. Date of submission of first application: Either within 12 months of the DOCCP or within 12 months of the Banglashree notification date, whichever falls later.
Exclusions / Who Is Not Eligible
> **Enterprises Excluded from this Scheme:**
- Enterprises registered and for which eligibility certificates have been issued /incentives have been sanctioned and/ or disbursed under the respective Incentive Scheme of the State.
- Enterprises registered and for which eligibility certificates have been issued in terms of the respective Incentive Scheme of the State but no sanction or disbursement of incentive has been made.
- Enterprises commenced production before 01.04.2019 and applied for incentive under the respective Incentive Scheme of the State within the stipulated date.
> **Negative List Of Industries:**
1. Sponge Iron Factory.
1. Bricks (Excluding Fly Ash bricks, Sand lime Bricks, Refractory Bricks).
1. Any other industry notified by the State Govt. for inclusion in this list.
> **Items excluded while calculating the investment made in Plant & Machinery:**
- Equipment such as tools, jigs, dies, moulds and spare parts for maintenance and the cost of consumable stores.
- Installation of Plant and Machinery.
- Research and development equipment and pollution control equipment.
- Power generation set and extra transformer installed by the enterprise as per the regulations of the State Electricity Board.
- Bank charges and service charges paid to the National Small Industries Corporations or the State Small Industries Corporations.
- Procurement or installation of cables, wiring, bus bars, electrical control panels (not mounted on individual machines), oil circuit breakers or miniature circuit breakers which are necessarily to be used for providing electrical power to the Plant and Machinery or for safety measures.
- Gas producer plant.
- Transportation charges for indigenous machinery from the place of their manufacture to the site of the enterprise.
- Charges paid for technical know-how for the erection of the Plant and Machinery.
- Such storage tanks which store raw materials and finished products only and are not linked to the manufacturing process.
- Fire fighting equipment.
**NOTE:** The cost of any second-hand plant and machinery purchased and installed for implementation of the project will be excluded in the calculation of the cost of the plant and machinery.
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Official Application & Website
Verify the latest eligibility, dates and instructions before applying.