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West Bengal

Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS)

Financial Assistance
Interest Subsidy
Term Loan
Application Process
Documents Required
Frequently Asked Questions
The scheme “Interest Subsidy on Term Loan (IS)” is a sub-scheme under the “Banglashree for Micro, Small and Medium Enterprises” scheme. It was launched on 1st April 2020 by the Department of Micro, Small and Medium Enterprises and Textiles, Government of West Bengal, and shall remain in force till 31st March 2025.
Objectives of the "Banglashree for MSME” Scheme:
The objective 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 the balanced development of MSMEs across the State and creating a sustainable ecosystem in the MSME sector which can maximize the utilization of resource, generate new employment and widen the area of operation to make the State emerge as the MSME leader in the country.
Objectives of the Interest Subsidy on Term Loan Scheme:
Through this incentive, an eligible micro, small or medium enterprise will be entitled to Interest Subsidy on annual interest liability on the Term Loan borrowed from a Commercial Bank/ Cooperative Bank/ Scheduled Banks approved by RBI/ RRBs/ Financial Institution (Central and State) for implementation of the approved project.
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