Interest Subsidy on Term Loan for Powerloom MSMEs, West Bengal (₹8.8 Cr) — Eligibility Criteria

Any micro, small or medium enterprise operating in the powerloom sector of West Bengal can apply, as long as the project clears the scheme's conditions.

• The unit must have started commercial production between 1 January 2022 and 31 December 2024 — the same window during which the scheme is valid.
• The project should be backed by a detailed project feasibility report and approved by a central financial institution, a commercial bank or a state financial institution.
• A four-party agreement is required, involving the Directorate of Textiles, the lending financial institution and Tantuja.
• The loan whose interest is being subsidised must come from an eligible lender: a commercial bank, a cooperative bank, an RBI-approved scheduled bank, a Regional Rural Bank, or a central or state-level financial institution.

Eligibility here rests on the unit being an MSME in the powerloom sector with an approved, lender-cleared project — DPIIT startup recognition is not part of the stated criteria.

Interest Subsidy on Term Loan for Powerloom MSMEs, West Bengal (₹8.8 Cr) is open to startups at the revenue stage working in industrial goods and textiles leather. The programme is targeted at startups registered in West Bengal. Applicants should be registered as private limited, llp and opc. Applicants must hold MSME (Udyam) registration.