Incentive Scheme for MSMEs in Powerloom Sector: Subsidy for Water Conservation/ Environment Compliance
“Subsidy for Water Conservation/ Environment Compliance” incentive under the “Incentive Scheme for MSMEs in Powerloom Sector” scheme by the Dept. of MSME & T, Government of West Bengal, aims to provide reimbursement for expenditure incurred towards cost of captive sound pollution control devices.
About the Incentive Scheme for MSMEs in Powerloom Sector: Subsidy for Water Conservation/ Environment Compliance Scheme
The scheme “Subsidy for Water Conservation/ Environment Compliance” 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 "Subsidy for Water Conservation/ Environment Compliance" Sub-scheme:
Through this incentive, an eligible micro or small enterprise in the Powerloom sector for its approved project will be entitled with a reimbursement for the expenditure incurred by it towards the cost of captive sound pollution control devices.
Benefits
- 50% subsidy subject to a maximum of ₹2,00,000/-.
Eligibility Criteria
- 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.
How to Apply for Incentive Scheme for MSMEs in Powerloom Sector: Subsidy for Water Conservation/ Environment Compliance
Application mode: Offline
- After commencement of production an eligible micro, small or medium enterprise in Powerloom segment claiming the subsidy, will submit application as per prescribed format in Form-A2 with all the relevant documents to the Directorate of Textiles.
> Time frame for submission of first Application:
Within 12 months from the date of 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
- 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).
Frequently Asked Questions
What is the Incentive Scheme for MSMEs in Powerloom Sector: Subsidy for Water Conservation/ Environment Compliance scheme?
The scheme “Subsidy for Water Conservation/ Environment Compliance” 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 B…
Who is eligible for Incentive Scheme for MSMEs in Powerloom Sector: Subsidy for Water Conservation/ Environment Compliance?
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 instituti…
What benefits does Incentive Scheme for MSMEs in Powerloom Sector: Subsidy for Water Conservation/ Environment Compliance provide?
50% subsidy subject to a maximum of ₹2,00,000/-.
How can I apply for Incentive Scheme for MSMEs in Powerloom Sector: Subsidy for Water Conservation/ Environment Compliance?
After commencement of production an eligible micro, small or medium enterprise in Powerloom segment claiming the subsidy, will submit application as per prescribed format in Form-A2 with all the relevant documents to the Directorate of Textiles. > Time frame for submission of first Application:…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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