Interest Subsidy on Term Loan (IS) under Banglashree MSME: Detailed overview of the Interest Subsidy on Term Loan (IS) under the Banglashree for MSME scheme, including objectives and key details.
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Important Details – Interest Subsidy on Term Loan (IS)
| Details | Description |
|---|---|
| Scheme Name | Interest Subsidy on Term Loan (IS) |
| Launch Date | 1st April 2020 |
| End Date | 31st March 2025 |
| Implementing Department | Department of Micro, Small and Medium Enterprises and Textiles, Government of West Bengal |
Overview of the Banglashree for MSME Scheme
| Aspect | Description |
|---|---|
| Objective | To offer financial incentives to promote the establishment of Micro, Small, and Medium Enterprises (MSMEs) across the State. |
| Focus | Balanced development of MSMEs, creating a sustainable ecosystem, and maximizing resource utilization. |
| Outcome Goals | Generate new employment opportunities and enhance the State’s position as a leader in MSME development. |
Key Features of the Interest Subsidy Scheme
| Feature | Description |
|---|---|
| Subsidy Details | Financial assistance on term loans for MSME development. |
| Eligibility | Micro, Small, and Medium Enterprises within the State of West Bengal. |
| Application Process | Applications are to be submitted to the Department of Micro, Small and Medium Enterprises and Textiles. |
| Duration | The scheme is valid from 1st April 2020 to 31st March 2025. |
Frequently Asked Questions (FAQs)
| Question | Answer |
|---|---|
| What is the Interest Subsidy on Term Loan (IS) scheme? | The IS scheme provides financial support on term loans for setting up MSMEs. |
| When was the scheme launched? | The scheme was launched on 1st April 2020. |
| How long will the scheme be in effect? | The scheme is valid until 31st March 2025. |
| Who is eligible for the scheme? | Micro, Small, and Medium Enterprises located in West Bengal. |
| Where can I apply for this scheme? | Applications should be submitted to the Department of Micro, Small and Medium Enterprises and Textiles. |
| What are the main objectives of the Banglashree for MSME scheme? | The scheme aims to support MSME development, create jobs, and enhance resource utilization. |
Tags: Interest Subsidy on Term Loan, West Bengal