The West Bengal Incentive Scheme: Additional Incentive on Generation of Employment

About This Scheme

“Additional Incentive on Generation of Employment” is a sub scheme under “The West Bengal Incentive Scheme 2021”. It was launched on 22nd February, 2021, by the Department of Tourism, Government of West Bengal, and shall remain valid upto 31st December, 2025. > Objective of the “West Bengal Incentive Scheme” scheme: The objective of the Scheme is to provide financial assistance and help enthusiastic intending or prospective entrepreneurs to start their own business as a self-employed youth who will become an employer in upcoming days and generate more employment. > Objective of the “Additional Incentive on Generation of Employment” scheme: Through this incentive, an eligible unit will be entitled to an additional incentive for employment generation for paying its contribution towards Employees State Insurance (ESI) and Employees Provident Fund (EPF) Scheme.

Eligibility

- The Scheme shall be generally applicable to all eligible tourism projects/units/expansion projects of existing units set up on or after the effective date (i.e. 22nd February, 2021) of this incentive scheme. Or, - Eligible Hotel Units who started their commercial operation on or after 7th January, 2015 to 31st December, 2020 but could not apply under previous scheme 2015 due to absence of a Bar in the Hotel. - The units may be in the private sector, co-operative sector, joint sector as also companies/undertakings owned or managed by the State Government. - The project should be covered by a detailed feasibility report/project prepared for the purpose. - 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

- Group A, B, C & D areas: 60% for a period of 5 years - Special Areas: 60% for a period of 10 years.

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.