West Bengal Incentive Policy

The following main incentives are proposed to be granted for the upcoming new units &/or expansion of existing ones, under the new Industrial Incentive Policy:

(A)           Scale 1 industries [Fixed Capital Investment (FCI) of Rs. 5 Cr. and upto Rs. 100 Cr.]

Sl. No.	Incentive	Nature of Incentive	Category of Areas
			‘A’	‘B’	‘C’	‘D’
1	Industrial Promotion Assistance	Refund of specified % of VAT & CST paid in previous year for 8 years [upto 75% of FCI]	-	80%		90%
2	Interest Subsidy	Refund of 25% of the annual interest liability for specified years [upto 1.75 Cr. per year]	-	5 years		7 year
3	Electricity Duty	Waiver of Electricity Duty	-	100% for 5 years [Upto INR 1.25 Crs. in 5 years]		100% for 1st 5 years 75% for next 5 years [Upto INR 2.50 Crs. in 5 years]
4	Employment Generation Subsidy	Reimbursement of % of contribution towards ESI & EPF	-	80% for 5 years	80% for 7 years	100% for 10 years
5	Stamp Duty	Refund of Stamp Duty	75% refund for all areas
Maximum Subsidy Admissible			100% of Fixed Capital Investment

(B)           Scale 2 industries [Fixed Capital Investment of Rs. 100 Cr. and upto Rs. 500 Cr.]

Sl. No.	Incentive	Nature of Incentive	Category of Areas
			‘A’	‘B’	‘C’	‘D’
1	Industrial Promotion Assistance	Refund of specified % of VAT & CST paid in previous year for 9 years [upto 75% of FCI]	-	80%		90%
Maximum Subsidy Admissible			100% of Fixed Capital Investment

(C)           Scale 3 industries [Fixed Capital Investment of Rs. 500 Cr. and upto Rs. 1000 Cr.]

Sl. No.	Incentive	Nature of Incentive	Category of Areas
			‘A’	‘B’	‘C’	‘D’
1	Industrial Promotion Assistance	Refund of specified % of VAT & CST paid in previous year for 12 years [upto 75% of FCI]	-	80%		90%
Maximum Subsidy Admissible			100% of Fixed Capital Investment

(D)          Scale 4 industries [Fixed Capital Investment over Rs. 1000 Cr.]

Sl. No.	Incentive	Nature of Incentive	*Category of Areas
			‘A’	‘B’	‘C’	‘D’
1	Industrial Promotion Assistance	Refund of specified % of VAT & CST paid in previous year for 15 years [upto 75% of FCI]	-	80%		90%
Maximum Subsidy Admissible			100% of Fixed Capital Investment

An anchor unit subsidy of Rs. 100 Lakh shall also be offered for the first two manufacturing enterprises with minimum employment of 100 members and minimum investment of Rs. 50 Crore in each of the Sub-Divisions coming in Groups- B, C & D will be offered. Further to above subsidy on Patent Registration, Land Conversion Fees etc. has also been provided.

The draft policy can be downloaded from www.wbidc.com/images/pdf/Industrial_Policy_Draft_Final.pdf