Incentive Scheme for MSMEs in Powerloom Sector: Interest Subsidy on Term Loan
✓ Information verified — June 2026“Interest Subsidy on Term Loan” incentives under the “Incentive Scheme for MSMEs in Powerloom Sector” scheme implemented by the Dept. of MSME & T, Government of West Bengal, aims to provide subsidy on annual interest liability on the Term Loan borrowed from a Bank to an approved project.
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
- 14 Jun 2026
Official Source
Last Verified
14 June 2026
Official Portal
www.myscheme.gov.in/schemes/ismpsistl…Related Schemes
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