WB Govt Introduces Incentives For SMEs

Kolkata: Bengal government on June 27, declared an incentive scheme for Micro and Small Scale Enterprises to boost growth of small enterprises in the state. The West Bengal Incentive Scheme 2007 for Micro and Small Scale Enterprises will be applicable to micro and small enterprises in the manufacturing sector set up on or after April 2007. The incentives comprise state capital investment subsidy ranging from 17 per cent to 35 per cent and interest subsidies ranging from 25 per cent to 30 per cent. The scheme also comprises waiver of electricity duty for a period of 5 years from the date of commercial production and 30 per cent reimbursement of electricity charges for a period of 5 years from the date of commercial production.