Objective of the "Incentive Scheme for MSMEs in Powerloom Sector”:

Objective of the "State Capital Investment Subsidy" Sub-scheme:

• 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.

• 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).

Note:

• Equipments 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 equipments and pollution control equipments.
• Power generation set and extra transformer installed by the enterprise as per the regulations of the Power utility.
• Bank charges and service charges paid to the National Small Industries Corporations or the State Small Industries Corporation.
• 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 knowhow for erection of Plant and Machinery.
• Such storage tanks which store raw materials and finished products only and are not linked with the manufacturing process.
• Fire fighting equipments.

• A copy of the Memorandum of Association and Articles of Association authenticated by the Registrar of Companies/ partnership deed (wherever applicable).
• A statement on the name and address of the Directors /Partners /Owners of the enterprise/ Members of Cooperative or Self Help Groups, as applicable.
• Copy of approved project report.
• A copy of loan sanctions letter and disbursement letter issued by financial institutions/ banks.
• Copy of agreement.
• A copy of the audited balance sheet for the last 2 years wherever applicable.
• Existing manufacturing activities in West Bengal stating items, annual approved capacity, annual production during the last three years (in quantity and value in Rs. Lakh), if applicable.
• Copy of the land deed (wherever applicable) (In case of rented /leasehold land / buildings, copy of rent agreement and receipt /lease agreement).
• Copy of mutation & conversion certificate of land/ building.
• Copy of valid consent to operate certificate from the WBPCB.
• Copies regarding SGST.
• Copy of Trade Licence.
• Copy of first electricity bill (wherever applicable).
• Copy of acknowledgement of Udyam Registration.
• Copy of SC /ST certificate wherever applicable.
• Copy of other statutory licenses/certificates, if necessary.
• “Self declaration” as per para 7.1(vi) of the Official Scheme Guidelines.
• Self certification on fixed assets as per Annexure-I.