West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs: Incentive for Basic and Essential Common Infrastructure Facilities

About This Scheme

The scheme “Incentive for Basic and Essential Common Infrastructure Facilities” is a sub scheme under the “West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs”. It was launched on 16th September, 2020, by the Department of Micro, Small & Medium Enterprises and Textiles, Government of West Bengal, shall remain in force up to 5 years. > Objective of the "West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs”: The objective of the Scheme is to provide state support in the form of fiscal and non fiscal incentives in order to encourage private sector to set up industrial parks on their own land with quality infrastructure so as to catalyze and promote growth of MSME units in the state, boost employment generation, and lead to technology advancement and improved environmental compliance. > Objective of the "Incentive for Basic and Essential Common Infrastructure Facilities" Sub-scheme: Through this incentive, an Approved Industrial Park will be entitled to one time back-ended incentive for development of Basic and Essential Common Infrastructure Facilities based on land area.

Eligibility

- Should be a Private sector entity or Existing/ Operational industrial parks. - Should have a minimum of 5 acres of legally owned land (by direct purchase or lease from the State Government). - Special Purpose Vehicle (SPV) must be registered under Companies Act/ Societies Registration Act/Partnership Act/ LLP. - Park area should be expanded up to minimum 5 acres in outlying districts and minimum 2 acres in Kolkata and Howrah. - The individual units have complied with all the necessary clearances for land conversion, fire licence, environmental issues, building plan etc.

Benefits

Area Subsidy20 acres to 39 acres₹2,00,00,000/-40 acres to 59 acres₹4,00,00,000/-60 acres to 79 acres₹6,00,00,000/-80 acres to 99 acres₹8,00,00,000/- 100 acres and above₹10,00,00,000/-Note: - While calculating this incentive the land area in acre will be taken as least whole number. - Of the capital incentive allocated /approved for a project, up to 20% of the allocation shall be towards specific Plant & Equipment required in the Common Facility Centre. The SLEC may make any relaxation in this regard based on the nature of the component and its utility.

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.