Incentive Scheme for MSMEs in Powerloom Sector: Interest Subsidy on Term Loan
✓ Information verified — April 2026This scheme helps small and medium powerloom businesses in West Bengal by giving them money to cover interest costs on loans they take from banks. It is run by the Department of MSME & Textiles, Government of West Bengal. The goal is to reduce the financial burden on powerloom owners so they can invest more in their businesses and equipment.
What You Get
- Subsidy on annual interest liability on term loans borrowed from banks
- Reduces the cost of borrowing for powerloom business expansion
- Helps approved powerloom projects become more financially stable
- Encourages investment in powerloom machinery and equipment
Who Can Apply
- Gender: Male only
- Age: 18–100 years
- Residence: West Bengal residents only
- Must be a Micro, Small, or Medium Enterprise (MSME) in the powerloom sector
- Must be located in West Bengal
- Must have taken a term loan from an approved bank for an eligible project
- Project must be approved under the scheme
- Business must be actively engaged in powerloom manufacturing or related activities
Documents Needed
0/7 collected
- 1. Aadhar Card
- 2. Bank Loan Agreement
- 3. Business Registration Certificate
- 4. Powerloom Unit Registration
- 5. Bank Passbook
- 6. Project Approval Letter
- 7. Income Statement
How to Apply
- 1Check your eligibility criteria above
- 2Gather all required documents listed below
- 3Visit the official portal (linked below)
- 4Fill the application form online / offline
- 5Submit the form and note your application reference number
- 6Track status on the official portal or visit nearest CSC
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Quick Facts
- Scheme Level
- West Bengal
- Category
- Employment
- Target Gender
- Male
- Age Group
- 18–100 years
- Application
- Check portal
- Last Updated
- 25 Apr 2026
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