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West BengalBusiness & MSME
Interest Subsidy on Term Loan (MSME)
Managed by: Department of Micro, Small & Medium Enterprises and Textiles (Directorate of MSME)
About the Scheme
Provides interest subsidy incentives on bank term loans to registered MSMEs in West Bengal to reduce borrowing costs and encourage industrial growth.
Welfare Benefits & Assistance
- •Interest subsidy of 4% to 6% per annum on term loans for up to 5 years (subject to timely repayment track record)
Eligibility Criteria
State ResidencyEnterprise located in West Bengal
Age LimitsPromoter age 18+
Family Income CapActive micro, small, or medium units with bank loans
Social Class / CategoryAll categories
Additional Prerequisites
- Must possess active Udyam registration
- Loan must be sanctioned by a scheduled commercial bank or financial institution under state guidelines
Documents Required for Application
Tip: Keep scanned color copies of these documents ready before starting your application.
How to Apply (Step-by-Step Guide)
1
Apply through Single Window Portal (myenterprises.wb.gov.in)
1
Submit subsidy claim forms at District Industries Centre (DIC)
Who Should Apply?
- ✓Registered MSME units in WB paying regular interest on bank term loans
Who Should NOT Apply?
- ✗Defaulted accounts (NPAs)
- ✗Businesses without active Udyam IDs
Frequently Asked Questions (FAQs)
What is the maximum duration of the interest subsidy?
The subsidy is provided for a maximum of 5 years from the date of loan disbursement.
Related Welfare Schemes
Banglashree Scheme
Who Can Apply:
New or expanding MSME units in West Bengal
Key Benefits:
•Capital investment subsidies ranging from 10% to 40% based on location zone
•Interest subsidy up to 6% on term loans
Updated: July 2026
Interest Subsidy on Term Loan (Tourism)
Who Can Apply:
Registered homestay and hotel business promoters with active bank term loans in WB
Key Benefits:
•Interest subsidy of 5% to 7% per annum on bank term loans taken for setting up registered hotels, homestays, or wellness centers (max 5 years)
Updated: July 2026
Reimbursement of Stamp Duty and Registration Fee
Who Can Apply:
Registered MSME developers purchasing/leasing industrial land in WB
Key Benefits:
•Reimbursement of up to 100% of stamp duty and registration fees paid on land acquisition for setting up MSME units (varies by zone category)
Updated: July 2026
Artisans Facilitation Supports
Who Can Apply:
Registered handicraft and handloom artisans in West Bengal
Key Benefits:
•Free access to government-sponsored exhibitions and melas for product sale
•Travel and transport allowances for transporting goods to exhibitions
Updated: July 2026
Scheme Details
State / CentralWest Bengal
AuthorityDirectorate of MSME
SubcategoryMSME Loan Subsidy
Launch Date2020
Target Beneficiarymsme
Official Helpline033-2230-0021