Sarkari Yojana
Incentive Scheme for MSMEs in Powerloom Sector: Subsidy on Stamp Duty and Registration Fees
About Incentive Scheme for MSMEs in Powerloom Sector: Subsidy on Stamp Duty and Registration Fees
Under the umbrella of the “Incentive Scheme for MSMEs in Powerloom Sector”, the “Subsidy on Stamp Duty and Registration Fees” is a sub scheme launched on 1st January, 2022, by the Department of Micro, Small & Medium Enterprises and Textiles, Government of West Bengal. It is valid until 31st December, 2024. > Objective of the “Incentive Scheme for MSMEs in Powerloom Sector”:
The Scheme’s purpose is to reward textile MSMEs with fiscal incentives for putting in New age shuttleless Powerlooms, thereby lifting production of improved quality fabrics. It also strives for a sustainable ecosystem that puts resources to maximum use, opens up new employment and expands operations, so that the State rises as the country’s top Powerloom state. > Objective of the “Subsidy on Stamp Duty and Registration Fees” Sub-scheme:
Eligible micro, small and medium Powerloom enterprises are reimbursed the stamp duty and registration fee they pay to register documents within the State.
Scheme Overview
State Government
Business Entity
01 Jan 2022
Scheme Details
Eligibility Requirements
To qualify for Incentive Scheme for MSMEs in Powerloom Sector: Subsidy on Stamp Duty and Registration Fees, applicants must satisfy the following conditions:
All micro, small, and medium enterprises (MSMEs) belonging…
All micro, small, and medium enterprises (MSMEs) belonging to the powerloom sector are generally eligible under the Scheme.
Production has to have started within the window…
Production has to have started within the window of 01.01.2022 to 31.12.2024.
A Four-party agreement between the enterprise, the Directorate…
A Four-party agreement between the enterprise, the Directorate of Textiles, the Financial institution and Tantuja must be in place.
Qualifying units are private sector, cooperative sector and…
Qualifying units are private sector, cooperative sector and joint sector undertakings, companies/ undertaking owned and managed by the State Government, and Industrial SHGs.
The project has to be covered by a…
The project has to be covered by a detailed feasibility report/project prepared for the purpose.
It must carry the approval and sanction of…
It must carry the approval and sanction of a Central Financial Institution or Commercial Banks or State Financial Institutions.
Benefits Provided
Incentive Scheme for MSMEs in Powerloom Sector: Subsidy on Stamp Duty and Registration Fees provides the following benefits to eligible applicants:
Micro & Small Enterprise:
Zone A:
75% of stamp duty and registration fee is reimbursed
Zone B:
reimbursement at 75%
Zone C:
75% is paid back
Zone D & E:
the full 100% is reimbursed Medium Enterprise:
Zone B, C, D and E:
75% reimbursement
Documents Required
Applicants should keep the following documents ready before starting the application:
Memorandum of Association and Articles of Association (authenticated…
Memorandum of Association and Articles of Association (authenticated by the Registrar of Companies) or the partnership deed, if relevant.
A statement with the names and addresses of…
A statement with the names and addresses of the Directors /Partners /Owners of the enterprise, or of the Members of the Cooperative or Self Help Group, if relevant.
Copy of the project report bearing approval
Copy of the project report bearing approval.
The loan sanction letter and the disbursement letter…
The loan sanction letter and the disbursement letter from the financial institutions/ banks.
Agreement (copy)
Agreement (copy).
Audited balance sheets from the last 2 years,…
Audited balance sheets from the last 2 years, if relevant.
Write-up of existing manufacturing activity in West Bengal…
Write-up of existing manufacturing activity in West Bengal with items, annual approved capacity and annual production of the past three years (quantity and value in Rs. Lakh), if relevant.
Copy of the land deed if relevant; in…
Copy of the land deed if relevant; in the case of rented /leasehold land / buildings, the rent agreement and receipt /lease agreement.
The mutation & conversion certificate of the land/…
The mutation & conversion certificate of the land/ building (copy).
The WBPCB's valid consent to operate certificate (copy)
The WBPCB's valid consent to operate certificate (copy).
Copies of papers relating to SGST
Copies of papers relating to SGST.
Trade licence (copy)
Trade licence (copy).
First electricity bill copy (if relevant)
First electricity bill copy (if relevant)
Udyam Registration acknowledgement (copy)
Udyam Registration acknowledgement (copy)
SC / ST certificate (copy), if relevant
SC / ST certificate (copy), if relevant.
Copies of other statutory licences/certificates, if required
Copies of other statutory licences/certificates, if required.
“Self declaration” in accordance with para 7.1(vi) of…
“Self declaration” in accordance with para 7.1(vi) of the Official Scheme Guidelines.
Schedule of the land
Schedule of the land.
Sketch map of the purchased land/building
Sketch map of the purchased land/building.
Proof of payment of the Stamp Duty and…
Proof of payment of the Stamp Duty and Registration Fee.
2022-01-01
How to Apply
Offline Application
Applicants can apply for Incentive Scheme for MSMEs in Powerloom Sector: Subsidy on Stamp Duty and Registration Fees through the offline application process outlined below.
Application Process
After starting production, any eligible micro, small or medium Powerloom enterprise claiming this subsidy must hand in an application in the prescribed Form-A2 , along with all relevant documents, at the Directorate of Textiles. Time frame for submission of first Application: Within a period of 12 months from the commencement of commercial production (01.01.2022 to 31.12.2024). Address: Directorate of Textiles, Handlooms, Spinning Mills, Silk Weaving & Handloom Based Handicrafts Division New Secretariat Buildings, 1, K. S. Roy Road, 5th Floor, 'B' Block, Kolkata 700001. Tel No. 033-2248 4537 / 2248 6271 (Ext. 215) Fax No. 033-2248 4537
Exclusions / Who Is Not Eligible
- 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 certificate 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 31.12.2021 and applied for incentive under the respective Incentive Scheme of the State within the stipulated date (The claim will be governed by the respective Incentive Scheme of the State).
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.