West Bengal government loan for business schemes are among the best options to support your entrepreneurial journey in the state. West Bengal is a land of rich industrial diversity, offering ample scope for both new and established entrepreneurs. To facilitate the development of micro, small, and medium enterprises (MSMEs), the state government has introduced several initiatives to make credit more accessible. As a businessperson seeking funding, it is important to learn about the MSME loan schemes in West Bengal. Not only do these schemes provide funding, but they also offer subsidies, interest relief, and collateral-free loans to help your business grow. In this blog, we are going to discuss the most applicable and useful MSME loan schemes in West Bengal. So, let’s check!
What is West Bengal Government Loan for Business?
The West Bengal government loan for business includes various financial schemes introduced by the state to support entrepreneurs, startups, and MSMEs. These loans are designed to offer easy credit access, interest subsidies, and collateral-free funding to promote business growth across the state, especially in regions like Kolkata.
Here are some key highlights:
- West Bengal subsidy loan scheme provides interest subsidies and financial aid to help reduce the burden on small businesses.
- West Bengal govt loan for small business is ideal for startups and micro-enterprises looking for capital to kickstart or expand operations.
- MSME loan West Bengal initiatives are focused on boosting the manufacturing, service, and trade sectors through easy and fast loan approvals.
- Business loan in Kolkata is available for entrepreneurs in the capital city, offering location-specific benefits and support.
- You can apply online for West Bengal government loan scheme through the official state portal, making the process faster and more convenient.
These schemes not only provide financial support but also empower local businesses to thrive in a competitive environment.
- West Bengal State Financial Corporation (WBSFC) Term Loan Scheme
- West Bengal Minorities Development and Finance Corporation (WBMDFC) Loan Scheme
- West Bengal Backward Classes Finance and Development Corporation (WBCFDC) Loan Scheme
- West Bengal State Handloom Weavers’ Cooperative Society Ltd. (TANTUJA) Credit Assistance Scheme
- West Bengal Scheme for Small Road Transport Operators (SRTO)
- West Bengal Composite Loan Scheme
- Swami Vivekananda Swanirbhar Karmasansthan Prakalpa (SVSKP)
- Banglashree Scheme
- West Bengal Bhabishyat Credit Card Scheme (WBBCCS)
- Incentive Scheme for MSMEs in Powerloom Sector (Interest Subsidy)
- West Bengal Incentive Scheme – Interest Subsidy on Term Loan
West Bengal State Financial Corporation (WBSFC) Term Loan Scheme
The West Bengal State Financial Corporation (WBSFC) Term Loan Scheme offers financial assistance to entrepreneurs in the MSME sector. This West Bengal government loan for business supports the purchase of land, buildings, machinery, equipment, and working capital. The scheme is available for both new and existing enterprises in the manufacturing and service sectors, aimed at expanding the state’s economic outlook and ambit. The following are its main features:
| Purpose | For Financing Working Capital |
|---|---|
| Loan limit | Need-based Working Capital Term Loan requirement less margin of 25%. |
| Repayment period | 3 Years |
| Age group | 18 and above |
| Additional security | Liquid collateral securities around 25% of the Working Capital Term Loan. |
West Bengal Minorities Development and Finance Corporation (WBMDFC) Loan Scheme
The West Bengal Minorities Development and Finance Corporation (WBMDFC) Loan Scheme, a type of West Bengal government loan for business and MSME loan West Bengal, aims to provide financial assistance to entrepreneurs belonging to minority communities in the state. The loan can be used to purchase land, buildings, machinery, equipment, and working capital. The scheme is available only for existing enterprises. The following are its main features:
| Rate of interest | Interest @ 6% per annum |
|---|---|
| Loan limit | Maximum up to Rs. 5 lakh |
| Age group | 18 to 50 years |
| Repayment period | 3-5 years |
| Security | Collateral required loans above 50,000 |
West Bengal Backward Classes Finance and Development Corporation (WBCFDC) Loan Scheme
The West Bengal Backward Classes Finance and Development Corporation (WBCFDC) Loan Scheme aims to provide financial assistance to entrepreneurs belonging to backward classes in the state. This West Bengal government loan for business is provided under NBCFDC. The loan can be used to purchase land, buildings, machinery, equipment, and working capital. The scheme is available for both new and existing enterprises in the manufacturing and service sectors. The following are its main features:
| Eligibility | Members of Backward Classes |
|---|---|
| Loan limit | Rs. 15.00 Lakh |
| Repayment period | 8 years |
| Rate of interest | Interest from 6% – 8% per annum |
| Age group | 18 to 60 years |
West Bengal State Handloom Weavers’ Cooperative Society Ltd. (TANTUJA) Credit Assistance Scheme
The West Bengal State Handloom Weavers’ Cooperative Society Ltd. (TANTUJA) Credit Assistance Scheme provides credit assistance to handloom weavers in the state under the west bengal government loan for business initiatives. TANTUJA is one central marketing organization (Apex Society) rendering marketing support to Primary Weavers Cooperative Societies and handloom artisans working outside cooperatives through their marketing outlets. This scheme is also considered a part of the broader msme loan West Bengal support programs. The scheme is available for both new and existing handloom weavers. The following are its main features:
| Gender | Both |
|---|---|
| Qualification | Not Relevant |
| Age Group | 18 and above |
| Social Category | Handloom Weavers |
West Bengal Scheme for Small Road Transport Operators (SRTO)
This loan is available to the service sector in West Bengal. As part of the West Bengal government loan for business initiatives, this scheme aims to provide financial assistance for acquiring new passenger commercial vehicles and for meeting initial taxes, insurance etc. The subsidy is given to both new and existing MSME units under the msme loan West Bengal category. The following are its main features:
| Gender | Both |
|---|---|
| Age Group | 18 and above |
| Loan limit | 75% of P.C. (Max.) |
| Sector | Service sector only |
West Bengal Composite Loan Scheme:
This scheme aims to provide financial incentives to the tiny sectors in West Bengal. As part of the West Bengal government loan for business initiatives, it supports entrepreneurs looking to strengthen their ventures. MSME loan West Bengal options like this make it easier for small businesses to access credit. Loan available for acquiring fixed assets and working capital. The interest rate depends upon your business and sector. The following are some of its features:
| Loan limit | Rs 1.50 lakh (Max) |
|---|---|
| Age Group | 18 and above |
| Repayment period | 10 years |
| Gender | Both |
Swami Vivekananda Swanirbhar Karmasansthan Prakalpa (SVSKP)
The basic objective of the scheme is to provide increased access to credit for the development of rural/urban enterprises by supporting unemployed young individuals and groups of individuals. As part of the West Bengal government loan for business initiatives, this also contributes to the broader goals of financial inclusion. More stress has been placed on training, especially on trades where the locally available abundant raw materials, wasted due to ignorance, could be utilized for producing finer articles and on traditional crafts where there is sufficient potential. This scheme also falls under the category of MSME loan West Bengal, aimed at boosting grassroots entrepreneurship. The following are some of its features:
| Age Group | 18-45 years |
|---|---|
| Social Category | Economically Weaker Sections |
| Income ceiling | Rs.15,000/month for the family |
| Employment status | Unemployed |
Banglashree Scheme
Banglashree is the flagship incentive scheme of West Bengal to the MSMEs which was launched April 1, 2020. The manufacturing units that have been set up after April 2019 and have invested in plant and machinery are eligible to receive comprehensive fiscal support. As a key part of the West Bengal government loan for business initiatives, this scheme offers crucial support for those seeking an MSME loan West Bengal. Subsidies are capital investment subsidies (especially to women, SC/ST and minority entrepreneurs), electricity duty exemptions, energy subsidies, SGST reimbursement, water-conservation reimbursement, and all are dependent on the geographic zone. The scheme also eases the process of accessing funds, lowering expenses, and expanding operations due to a single application and unified inspections through the portal called “Silpa Sathi”.
| Eligibility | MSMEs (manufacturing) started after April 1, 2019 in West Bengal |
|---|---|
| Type of Support | Subsidy and incentives |
| Incentives Offered | – Capital investment subsidy (20–40%)
– Electricity duty exemption – Power subsidy (₹1.00–₹1.50/unit) – SGST reimbursement – Interest subsidy – Water conservation subsidy |
| Geographic Zone Coverage | Zones A to E with varying levels of subsidy |
| Duration | Up to 5 years from date of production |
| Special Support | Extra benefits for SC/ST, Women, Minority entrepreneurs |
| Application Portal | Silpa Sathi Portal |
West Bengal Bhabishyat Credit Card Scheme (WBBCCS)
The Bhabishyat Credit Card Scheme is a collateral-free working-capital/term loans facility, up to 5 lakh, to micro and small entrepreneurs (18-55 years) which was launched in 2024. As part of the West Bengal government loan for business initiatives, it provides much-needed support to small-scale ventures. The state provides the guarantee, which removes the credit limitation on the businesses that are eligible such as manufacturing, services, trade and agribusiness. It is characterized by limited paperwork, electronic processing, and disbursement by the banks. This scheme is also a key offering under the broader category of MSME loan West Bengal, making it very enticing as interest subsidies are given to younger entrepreneurs or the ones with training certificates. Having no guarantor and streamlined processing with the help of the state‑bank working together, the scheme aims at achieving financial inclusion and increase in entrepreneurship in West Bengal.
| Eligibility | Entrepreneurs aged 18–55, residents of West Bengal |
|---|---|
| Loan Limit | Up to ₹5 lakh (collateral-free) |
| Purpose | Working capital or fixed capital requirements |
| Interest Rate | Subsidized (~4%) |
| Repayment Tenure | Flexible (based on bank approval) |
| Collateral Requirement | None (government acts as guarantor) |
| Special Conditions | – One card per family
– Preference for trained entrepreneurs |
| Application Mode | Online via participating banks and district-level offices |
Incentive Scheme for MSMEs in Powerloom Sector (Interest Subsidy)
This specific scheme was launched on January 1, 2022, and helps to modernize power-loom MSMEs in West Bengal by subsidizing the interest on term-loan by a certain percentage in five years. As part of the West Bengal government loan for business initiatives, it provides targeted financial support to eligible enterprises. The interest rebate of 55–70 percent (based on zone) is available to micro and small enterprises, 25 percent to medium enterprises, and 1.75 crore per annum limit per enterprise. It is a notable example of an MSME loan West Bengal program designed to strengthen the textile sector. Other incentives are subsidies on equipment investment, stamp duty, electricity, SGST refunds, and energy audit, all within a single textile incentive scheme. This comprehensive assistance is to increase competitiveness, raise the quality of production, and generate jobs in the textile industry.
| Type of Assistance | Interest subsidy on term loan + capital incentives |
|---|---|
| Interest Subsidy | Micro/Small: 55%–70%- Medium: 25% |
| Other Benefits | Electricity duty subsidy- Stamp duty refund- SGST reimbursement |
| Max Subsidy Cap | ₹1.75 crore per annum |
| Subsidy Duration | Up to 5 years |
| Sector Covered | Textile / Powerloom only |
| Application Authority | Directorate of Textiles, Government of West Bengal |
West Bengal Incentive Scheme- Interest Subsidy on Term Loan
This State Capital Investment Subsidy, a part of the broader Banglashree, offers interest waiver on the term loans to those MSMEs that invested in fixed assets. It was launched together with Banglashree and provides zone-based subsidies on micro, small, and medium enterprises within 5 years after the launch. Micro/small enterprises are allowed 55-70% and mediums allowed 25% all with limits. This incentive reduces the cost of financing on machinery and infrastructure investments, increasing the viability and enabling fast growth.
You can learn more about all the loans mentioned above by clicking this link: msy.uk.gov.in
How can Finline Assist you to Create a Project Report for Bank Loan?
West Bengal government loan for business schemes have a strong base to enable businesspersons to establish, develop, and extend their enterprises with the assistance of the government-supported financial aid. As a new entrepreneur or a veteran business person, you might find the difference in your journey to be substantially impacted by the kind of scheme you decide to use. But loans usually demand a professionally prepared project report, which suits the expectations of the lenders. That is where Finline enters the picture, a low-cost, one-stop platform to produce customized project reports that fit your loan or funding requirements. You can have your business documents ready, quicker and more confidently with Finline. Start Now!