Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS)
“Interest Subsidy on Term Loan (IS)” incentives under “Banglashree for MSMEs” scheme implemented by the MSMEs Dept., Government of West Bengal, aims to provide Interest Subsidy on annual interest liability on the Term Loan borrowed from a Commercial Bank to an eligible micro or small enterprise.
About This Scheme
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.
Benefits
Pattern Of Assistance: An eligible micro, small or medium enterprise will be entitled to Interest Subsidy on annual interest liability for 5 years 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 as follows:-
Micro & Small Enterprise:
Zone A & B – 55% ; Zone C, D & E– 70%.
Medium Enterprise:
Zone – B, C, D & E: – 25% subject to a ceiling of ₹1,75,00,000/- per year.
Eligibility Criteria
The business/organization should be a Micro/ Small/ Medium Enterprise.
The business/organization should belong to the manufacturing sector.
The business/organization should have started production on or after 1st April 2019.
The business/organization should be in the private sector/ cooperative sector/ joint sector undertaking or should be a company/ undertaking owned and managed by the State Government or the Industrial SHGs.
The Date of Commencement of Commercial Production (DOCCP) should be between 1st April 2020 to 31st March 2025.
Application Process
Apply Online
Registration Process:
Step 1: Visit the
Shilpasathi Portal
and click ‘Apply Online’. On the next screen, click ‘Create New’ for new registration.
Step 2: Select the Applicant Type (Industry /Business /Commercial /Charitable Society/ Govt. entity) and enter the Registration Number.
Step 3: On the ‘User Registration’ page, fill in all the mandatory fields and click ‘Register’.
Application Process:
Step 1: Visit the
Shilpasathi Portal
and click ‘Apply Online’.
Step 2: Login to the portal using your username & password or via OTP using your registered mobile number.
Step 3: You will be directed to the user dashboard. Click ‘ALL SERVICES’ and then select ‘MSME Incentive’ from the list of services.
Step 4: Click ‘Create CAF’. Your CAF ID will be created. Click ‘Apply Online’ to proceed.
Step 5: Fill in the “eligibility form” and click “Save and Continue” to get redirected to the common application form (CAF).
Step 6: In the CAF, fill in all the mandatory fields, and click “Update and Continue” to preview the form.
Step 7: After the form gets submitted, you will be taken to the “Dashboard” to view the application status.
Step 8: From the Dashboard, continue with the application by clicking “Click to Proceed”. When done click “Save” to save the updated information.
Step 9: Click “Preview” to preview the form before the final submission.
Step 10: On the next screen, click “Go to Application” to fill out the “Online Form – A” application.
Step 11: You will be taken to the “APPLY SUBSIDY” section to check year-wise subsidy items of the respective application you intend to apply for. Once complete, click “SAVE”.
Step 12: You will be taken to the “FILL UP SUBSIDY” tab. Provide the year-wise subsidy details for the incentive, and click “Add More” to see the multiple-year or year-wise breakup.
Step 13: Upload the relevant documents, preview the details, click “VERIFY & SUBMIT”, check the declaration box and click “Submit Application”.
Step 14: On final submission of Form-A application, you will be provided an application reference number. Use this number to check the status of your application.
Date of submission of first application: Within 12 months from the DOCCP or within 12 months from the date of notification of Banglashree, whichever is later.
Helpdesk:
Protiti, 23, Abanindranath Tagore Sarani (Camac Street), Kolkata – 700017, West Bengal, India; Phone: +91 33 2255 3700; Fax: +91 33 2255 3737; Email: silpa.sathi@wbidc.com.
For any technical query or any critical issues faced while applying please mail to our Quick Response Team at: qrt.silpasathiwb@gmail.com
Silpa Sathi Single Window Cell – Helpline Number (Toll-free): 1800-345-5562
Official Source: View on myScheme.gov.in
Benefits
Pattern Of Assistance: An eligible micro, small or medium enterprise will be entitled to Interest Subsidy on annual interest liability for 5 years 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 as follows:-
Micro & Small Enterprise:
Zone A & B - 55% ; Zone C, D & E– 70%.
Medium Enterprise:
Zone – B, C, D & E: - 25% subject to a ceiling of ₹1,75,00,000/- per year.
Application Process
Apply Online
Registration Process:
Step 1: Visit the Shilpasathi Portal
and click ‘Apply Online’. On the next screen, click ‘Create New’ for new registration.
Step 2: Select the Applicant Type (Industry /Business /Commercial /Charitable Society/ Govt. entity) and enter the Registration Number.
Step 3: On the ‘User Registration’ page, fill in all the mandatory fields and click ‘Register’.
Application Process:
Step 1: Visit the Shilpasathi Portal
and click ‘Apply Online’.
Step 2: Login to the portal using your username & password or via OTP using your registered mobile number.
Step 3: You will be directed to the user dashboard. Click ‘ALL SERVICES’ and then select 'MSME Incentive' from the list of services.
Step 4: Click ‘Create CAF’. Your CAF ID will be created. Click ‘Apply Online’ to proceed.
Step 5: Fill in the "eligibility form" and click “Save and Continue” to get redirected to the common application form (CAF).
Step 6: In the CAF, fill in all the mandatory fields, and click “Update and Continue” to preview the form.
Step 7: After the form gets submitted, you will be taken to the “Dashboard” to view the application status.
Step 8: From the Dashboard, continue with the application by clicking “Click to Proceed”. When done click “Save” to save the updated information.
Step 9: Click "Preview" to preview the form before the final submission.
Step 10: On the next screen, click "Go to Application" to fill out the "Online Form - A" application.
Step 11: You will be taken to the "APPLY SUBSIDY" section to check year-wise subsidy items of the respective application you intend to apply for. Once complete, click "SAVE".
Step 12: You will be taken to the "FILL UP SUBSIDY" tab. Provide the year-wise subsidy details for the incentive, and click "Add More" to see the multiple-year or year-wise breakup.
Step 13: Upload the relevant documents, preview the details, click “VERIFY & SUBMIT”, check the declaration box and click “Submit Application”.
Step 14: On final submission of Form-A application, you will be provided an application reference number. Use this number to check the status of your application.
Date of submission of first application: Within 12 months from the DOCCP or within 12 months from the date of notification of Banglashree, whichever is later.
Helpdesk:
Protiti, 23, Abanindranath Tagore Sarani (Camac Street), Kolkata - 700017, West Bengal, India; Phone: +91 33 2255 3700; Fax: +91 33 2255 3737; Email: silpa.sathi@wbidc.com.
For any technical query or any critical issues faced while applying please mail to our Quick Response Team at: qrt.silpasathiwb@gmail.com
Silpa Sathi Single Window Cell - Helpline Number (Toll-free): 1800-345-5562
References & Official Links
Scheme Details
| Full Name | Banglashree for Micro, Small and Medium Enterprises: Interest Subsidy on Term Loan (IS) |
| Short Title | BMSMECIS |
| Level | State |
| Scheme For | Infra |
| Categories | Business & Entrepreneurship |
| States | West Bengal |
| Gender | All |
| Area | Both |
| Source | www.myscheme.gov.in ↗ |
Deepika Raikwar · 📅 08 May 2026
Deepika Raikwar is an Education Analyst and scholarship researcher who focuses on public welfare and merit-based scholarships. She simplifies complex eligibility rules, deadlines, and application processes to help common people access reliable funding opportunities worldwide.
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