State Capital Investment Subsidy — 20% for West Bengal Powerloom MSMEs — Eligibility Criteria

This subsidy is meant for enterprises operating in West Bengal's powerloom sector. The main conditions are set out below.

• Enterprise size: micro, small and medium enterprises (MSMEs) in the powerloom sector, located in any area or zone of West Bengal.
• Ownership pattern: units from the private, cooperative or joint sector, companies and undertakings owned and managed by the State Government, and Industrial Self-Help Groups (SHGs).
• Production start date: commercial production must have commenced between 1 January 2022 and 31 December 2024.
• Project documentation: the proposal has to be supported by a detailed feasibility report or a project report.
• Financial sanction: the project must be approved and sanctioned by a Central Financial Institution, a Commercial Bank or a State Financial Institution.
• Four-party agreement: the enterprise must execute this agreement together with the Directorate of Textiles, a Financial Institution and Tantuja.

All of these conditions have to be satisfied together — meeting only some of them will not make a unit eligible.

State Capital Investment Subsidy — 20% for West Bengal Powerloom MSMEs is open to startups at the product and 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.