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Incentive Scheme for MSMEs in Powerloom Sector: Work Force Welfare Assistance

West Bengal

Entrepreneurship
EPF
ESI
Powerloom
Reimbursement
Subsidy
Waiver
Work Force Welfare
Details
Benefits
Eligibility
Exclusions
Application Process
Documents Required
Frequently Asked Questions
The scheme “Work Force Welfare Assistance” is a sub scheme under the “Incentive Scheme for MSMEs in Powerloom Sector”. It was launched on 1st January, 2022, by the Department of Micro, Small & Medium Enterprises and Textiles, Government of West Bengal, and shall remain valid upto 31st December, 2024.
Objective of the "Incentive Scheme for MSMEs in Powerloom Sector”:
The objective of the Scheme is to extend fiscal incentives for installation of New age shuttleless Powerlooms by MSMEs in Textile sector with a view to boost production of the improved quality fabrics and to create a sustainable ecosystem for MSMEs in Textile sector which can maximize the utilization of resource, generate new employment and widen the area of operation to make the State emerge as the leader in Powerloom sector in country.
Objective of the "Work Force Welfare Assistance" Sub-scheme:
Through this incentive, an eligible micro, small or medium enterprise in Powerloom sector for its approved project will be entitled to a reimbursement expenditure incurred by it for paying its contribution towards Employees State Insurance (ESI) and Employees Provident Fund (EPF) if at least 50% of the employees in the enterprise are recruited from amongst the persons registered with Employment Bank of the State.
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