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The West Bengal Incentive Scheme: Interest Subsidy on Term Loan

West Bengal

Entrepreneurship
Incentives
Interest Subsidy
MSME
Reimbursement
Subsidy
Term Loan
Tourism
Tourism Units
Details
Benefits
Eligibility
Exclusions
Application Process
Documents Required
Frequently Asked Questions
“Interest Subsidy on Term Loan” is a sub scheme under “The West Bengal Incentive Scheme”. It was launched on 22nd February, 2021, by the Department of Tourism, Government of West Bengal, and shall remain valid upto 31st December, 2025.
Objective of the "West Bengal Incentive Scheme” Scheme:
The object of the Scheme is to provide financial assistance and help enthusiastic intending or prospective entrepreneurs to start their own business as a self-employed youth who will become an employer in upcoming days and generate more employment.
Objectives of the "Interest Subsidy on Term Loan" Scheme:
Through this incentive, an approved project of an eligible unit shall receive an Interest Subsidy on annual interest liability on the Term Loan borrowed from a Commercial Bank/Financial Institution.
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