SGST Subsidy for West Bengal Powerloom MSMEs — 8-Year Tax Refund — Eligibility Criteria

• The unit must be a micro, small or medium enterprise in the powerloom sector.
• Commercial production must have begun between 1 January 2022 and 31 December 2024.
• The project must be backed by a detailed feasibility report.
• The project has to be approved and sanctioned by a Central Financial Institution, a Commercial Bank or a State Financial Institution.
• The enterprise must have signed a Four-party agreement with the Directorate of Textiles, a financial institution and Tantuja.
• Units may belong to the private sector, the cooperative sector, joint sector undertakings, companies or undertakings owned and managed by the State Government, or Industrial SHGs.

SGST Subsidy for West Bengal Powerloom MSMEs — 8-Year Tax Refund is open to startups at any 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.