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Incentive Scheme for MSMEs in Powerloom Sector: Subsidy for Energy Efficiency

West Bengal

Energy Audit
Energy Conservation
Energy Efficiency
Energy Installations
Entrepreneurship
Powerloom
Reimbursement
Subsidy
Details
Benefits
Eligibility
Exclusions
Application Process
Documents Required
Frequently Asked Questions
The scheme “Subsidy for Energy Efficiency” is a sub scheme under the “Incentive Scheme for MSMEs in Powerloom Sector”. It was launched on 1st January, 2022, by the Department of Micro, Small & Medium Enterprises and Textiles, Government of West Bengal, and shall remain valid upto 31st December, 2024.
Objective of the "Incentive Scheme for MSMEs in Powerloom Sector”:
The objective of the Scheme is to extend fiscal incentives for installation of New age shuttleless Powerlooms by MSMEs in Textile sector with a view to boost production of the improved quality fabrics and to create a sustainable ecosystem for MSMEs in Textile sector which can maximize the utilization of resource, generate new employment and widen the area of operation to make the State emerge as the leader in Powerloom sector in country.
Objective of the "Subsidy for Energy Efficiency" Sub-scheme:
Through this incentive, an eligible micro or small enterprise in the Powerloom sector for its approved project will be entitled to a reimbursement of the cost of energy audit undertaken by a certified agency. The reimbursement will be made after implementation of the recommendations. Also a reimbursement for the cost of installations for energy conservation as per energy audit will be entitled for its approved project.
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