The Department of Micro and Small Scale Enterprises and Textiles, Government of West Bengal has sanctioned the implementation of a new scheme for MSMEs in the state to ensure growth and development of the sector.
 
The West Bengal Incentive Scheme 2013 (WBIS-2013) for Micro, Small and Medium Enterprises was unveiled on February-3.
 
“The object of the Scheme is to extend fiscal incentives to encourage entrepreneurs to set up Micro, Small and Medium Enterprises with a view to focusing on development of MSMEs in the backward region of the State and creating a sustainable ecosystem in the MSME sector which can maximize the utilization of resource and widen the area of operation to make the State emerge as the MSME leader in the country,” an official notification said.
 
Effective April 1, 2013, the scheme will be valid until March 31, 2018.
 
“Any micro, small or medium unit/enterprise in the manufacturing sector shall be eligible for incentives under WBIS-2013 for the MSMEs excluding those mentioned in the negative list of industries…,” it said.
 
Among the incentives listed are capital investment subsidy; interest subsidy on term loans; waiver of electricity duty; power subsidy; subsidy for energy efficiency; subsidy on stamp duty and registration fee; refund of entry tax; refund of VAT; refund of central sales tax; subsidy for water conservation/environment compliance; subsidy for standard quality compliance; work force welfare assistance; and subsidy for patent registration.
 
“A micro, small or medium enterprise claiming to be eligible for incentive under WBIS2013 for MSMEs shall duly apply to the General Manager, District Industries Centre concerned for Eligibility-cum-Registration Certificate…,” it said.  Stipulated forms are available for units to apply for incentives. 
 
For full details:  http://www.fisme.org.in/document/Incentive-Scheme-2013.pdf