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NEW SCHEMES FOR WEST BENGAL FOOD PROCESSING INDUSTRIES AND
HORTICULTURE
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West Bengal offers a package of financial incentives to
complement the Central Government programme. The help
offered by the state government is certainly competitive to
what the other states have to offer. The currently offered
Incentive Scheme in the state is the West Bengal Incentive
Scheme, 2004. Highlights of the new scheme are given as
under:
West Bengal Incentive Scheme, 2004
The West Bengal Incentive Scheme, 2004 came into effect from
the 1st day of April, 2004 in the whole of West Bengal and
shall remain valid for a period of five years ending on the
31st of March, 2009. The scheme offers different and new
incentives, quite attractive for industries in large, medium
and small-scale sectors.
Applicability of the 2004-Scheme:
The 2004 Scheme shall generally be applicable to all large/
small-scale projects and tourism units in large/ medium
sector to be set up and also expansion projects of existing
units on or after 1st April, 2004. The units may be in the
private sector, cooperative sector, joint sector as also
companies /undertakings owned or managed by the State
Government
 Non-Applicability of the 2004-Scheme:
1. The 2004-Scheme shall not be applicable to those
industrial / tourism projects that have been registered for
and have been sanctioned incentives under any previous
scheme.
2. The 2004-Scheme shall not be applicable to the industries
listed in the Negative List of Industries.
Eligibility Criteria for Incentives under the 2004 Scheme:
Any industrial project in the large sector to which this
scheme applies, shall be eligible for securing an
eligibility certificate provided:
a) The project is covered by a detailed feasibility
report/project report prepared for the purpose.
b) The project has been approved and sanctioned by the
Central Financial Institutions or the Commercial
Banks or the State Financial Institutions, as the case may
be. In the case of projects with arrangement of finance from
own resources, issue of eligibility certificate shall be
considered provided the WBIDC is satisfied about the
arrangement of such finance.
There is a separate set of eligibility criteria for small
scale sector.
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