West Bengal Textile Incentive Scheme: Incentive for Energy Efficiency

About This Scheme

The scheme “Incentive for Energy Efficiency” is a sub scheme under “West Bengal Textile Incentive Scheme”. It was launched on 13 December, 2022, by the Department of Micro, Small and Medium Enterprises and Textiles, Government of West Bengal, and shall remain valid upto five years. > Objective of the "West Bengal Textile Incentive Scheme” Scheme: The object of the scheme is to extend fiscal incentives to textile sector across the entire value chain starting from fibre to stitched garments for setting up such units in the State. The focus is on accelerated and focused development of the textiles sector across the state. This shall enable to maximize the utilization of resources, generate new employment and widen the area of operation to make the state emerge as the preferred destination for investment in the textile sector. > Objective of the "Incentive for Energy Efficiency" Scheme: Through this incentive, an eligible micro or small enterprise for its approved project will be entitled to a reimbursement of the cost of energy audit undertaken by a certified agency. The reimbursement will be made after implementation of the recommendations. Also a reimbursement of the cost of installations for energy conservation as per energy audit will be entitled for its approved project.

Eligibility

- Industries in the manufacturing and processing of textiles, apparel and technical textiles products. - The unit should have started production on or after 1st April 2022. - The units may be in the private sector, co-operative sector, joint sector as also companies/undertakings owned or managed by the State Government. - Shall not be applicable to the industrial units/enterprises. - The project should have been approved and sanctioned by a Central Financial Institution or Commercial Banks or State Financial Institutions. - The unit should hold an Registration Certificate, Date of Commencement Certificate and Eligibility Certificate issued by the West Bengal Tourism Development Corporation Limited on satisfaction of arrangement.

Benefits

- 50% subject to a maximum of ₹2,00,000/- (For the cost of energy audit). - 25% for subject to a maximum of 10,00,000/- (For the cost of installations for energy conservation).

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.