How to Apply for Interest Subsidy on Term Loan for Powerloom MSMEs, West Bengal (₹8.8 Cr)

Applications land with the Directorate of Textiles, which examines each one against the scheme's conditions. The checks cover the project's feasibility report, the approval granted by the central financial institution, commercial bank or state financial institution, and the four-party agreement.

Once those conditions are met, the interest subsidy is sanctioned. Every annual payout that follows depends on a fresh verification — the enterprise has to show that its interest obligations were discharged on time and without default.