Directorate of Micro, Small & Medium Enterprises

West Bengal Incentive Subsidy Scheme

West Bengal Incentive Scheme
(2013 - 2018)

Short Title

The Scheme may be called the West Bengal Incentive Scheme 2013 for Micro, Small and Medium Enterprises as modified up to 22.05.2015 (hereinafter referred to as WBIS 2013 for MSMEs as modified up to 22.05.2015)

Object

The object of the Scheme is to extend fiscal incentives to encourage entrepreneurs to set up Micro, Small and Medium Enterprises with a view to focusing on development of MSMEs in the backward region of the State and creating a sustainable ecosystem in the MSME sector which can maximize the utilization of resource and widen the area of operation to make the State emerge as the MSME leader in the country.

Commencement and Duration

Unless specifically mentioned against the respective items of incentives sanctioned under the Scheme, it comes into effect on and from the 1st day of April, 2013 in the whole of West Bengal and shall remain in force for a period of five years ending on 31st March 2018, if not withdrawn/ amended earlier by a Notification in the official Gazette to that effect.

Definitions

In the WBIS 2013 for MSMEs as modified up to 22.05.2015, unless the context otherwise requires.

(i) "Approved Location" means location mentioned in the approved project.

(ii) "Approved Project" means the industrial project of a unit in the manufacturing sector which should be approved before implementation of the project by any Directorate under the Deptt. of Micro, Small & Medium Enterprises and Textiles, Govt. of West Bengal or concerned DIC or Micro, Small & Medium Enterprises Development Institute (MSMEDI), Govt. of India or Food Processing Industries & Horticulture Deptt., Govt. of West Bengal or Commercial Banks/ Financial Institution (Central and State)/ Cooperative Banks/ scheduled banks approved by RBI/ RRBs financing the project.

(iii) "Central Government" means the Government of India

(iv) "DIC" means the District Industries Centre, which also includes the Sub-DIC, Durgapur/Siliguri.

(v) "Eligible Unit/Enterprise" means a micro, small or medium enterprise which has filed Entrepreneurs Memorandum (Part-II) and subsequently been found eligible as per terms and conditions of WBIS-2013 for MSMEs as amended up to 22.05.2015

(vi) "Existing Industrial Unit" means a micro, small or medium enterprise which has started production before 1st April,2013 and filed EM (Part-II) .

(vii) "New Industrial Unit" means a micro, small or medium enterprise in the manufacturing sector which has started production on or after the 1st April,2013 and filed EM(Part-II). If an existing industrial unit sets up a branch as second/ third unit etc. in different locations in the State and manufactures new items, its second/ third unit etc. will only be treated as a new industrial unit provided EM(Part-II) is filed for the same.

(viii) "Factory" means any premises including the precincts thereof: a) Wherein ten or more workers are working or were working in any part of which a manufacturing process is being carried out with the aid of power or is ordinarily so carried on, Or b) Wherein twenty or more workers are working or were working on any of the preceding twelve months and in any of which a manufacturing process is being carried on without the aid of power or is ordinarily so carried on but does not include a mine, subject to the operation of the Mines Act, 1952 (35 of 1952) or a railways running shed. c) "Factory Worker" means a person employed, directly or through any agency, whether for wages or not, in any manufacturing process for cleaning any part of the machinery or equipment or premises used for manufacturing process or in any other kind of work incidental to or connected with the manufacturing process or the subject of the manufacturing process.

(ix) "Term Loan" means a loan secured from any Bank or Financial Institution for acquiring fixed capital assets in the form of land, building, plant and machinery, tools & implements, appliances etc.

(x) "Working Capital" means capital required for running any industrial unit and includes cash credit and / or any other short term loan actually utilized as working capital.

(xi) "Fixed Capital Investment" means investment made in plant and machinery in an approved project of the eligible unit/enterprise on or after 1st April, 2012 subject to other conditions laid down in paragraph-7 of WBIS-2013 for MSMEs as modified up to 22.05.2015.

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