Banglashree Interest Subsidy Scheme — Up to ₹1.8 Cr for West Bengal MSMEs — Frequently Asked Questions

The amount depends on your enterprise category and the zone your unit sits in. Micro and Small Enterprises get 55% of their annual interest liability in Zone A & B and 70% in Zone C, D & E. Medium Enterprises get 25% across Zones B, C, D & E, with a yearly ceiling of ₹1.75 crore (₹17,500,000). Across the scheme, support can go up to ₹1.8 crore.

The subsidy applies to term loans taken for an approved project from Commercial Banks, Cooperative Banks, RBI-approved Scheduled Banks, Regional Rural Banks (RRBs), and Central or State Financial Institutions. In other words, it works on borrowing you already have from a recognised lender rather than through a separate funding account.

Your unit must be a Micro, Small or Medium Enterprise in the manufacturing sector. Production should have started on or after 1 April 2019, and the Date of Commencement of Commercial Production (DOCCP) must fall between 1 April 2020 and 31 March 2025. The unit also has to be in the private sector, the cooperative sector, a joint sector undertaking, or a company/undertaking owned and managed by the State Government or an Industrial SHG.

No. The scheme is restricted to the manufacturing sector. A business operating in services does not qualify, even if it otherwise meets the size and production-date conditions.

An eligible enterprise receives the subsidy on its annual interest liability for a period of 5 years from the date of commencement of commercial production, provided it continues to meet the scheme's conditions.

The scheme remains in force until 31 March 2025. Applications must be submitted online within 12 months of the Date of Commencement of Commercial Production (DOCCP), or within 12 months of the date the Banglashree scheme was notified — whichever is later. This applies only where the DOCCP itself falls between 1 April 2020 and 31 March 2025.

Applications are made entirely online on the Shilpasathi Portal at silpasathi.wb.gov.in. You first create a user registration by selecting your applicant type and entering your registration number, then log in to your dashboard. From there, choose 'ALL SERVICES', pick 'MSME Incentive' and click 'Create CAF' to generate a Common Application Form ID. After completing the eligibility form and the CAF, you move to 'Online Form - A', fill in the year-wise subsidy details under 'APPLY SUBSIDY', upload your documents, and finish with 'VERIFY & SUBMIT'. On submission you receive an application reference number to track your case.

Applicants generally have to provide proof of MSME status, project details, loan sanction letters, evidence of interest paid, and the certificate showing commencement of commercial production. These are uploaded on the Shilpasathi Portal, which also carries a user manual setting out the specific document requirements.

No. This is an interest subsidy — a fiscal incentive that offsets part of the interest you pay on a term loan. It is not an equity investment, so the government does not acquire shares or any ownership stake in your enterprise.

DPIIT recognition is not among the conditions listed for this scheme. Eligibility rests on being a micro, small or medium manufacturing enterprise, meeting the ownership-type conditions, and having a DOCCP within the specified window. Applicants are generally asked to submit proof of their MSME status as part of the application.

Banglashree Interest Subsidy Scheme — Up to ₹1.8 Cr for West Bengal MSMEs is offered by Department of Micro, Small and Medium Enterprises and Textiles, Government of West Bengal, a government body. It is provided as non-dilutive funding.

Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.