West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs: Reimbursement of Stamp Duty

About This Scheme

The scheme “Reimbursement of Stamp Duty” 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 "Reimbursement of Stamp Duty" Sub-scheme: Through this incentive, an Approved Industrial Park shall be entitled to reimbursement of stamp duty paid by the SPV for registration of land documents within the State relating to purchase of land for development of the AIP.

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

- Approved Industrial Park shall be entitled to reimbursement of stamp duty paid by the SPV for registration of land documents within the State relating to purchase of land for development up of the AIP.

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.