West Bengal has several credit programmes to help Micro, Small, and Medium-Sized Businesses (MSMEs) expand. These programs support business owners financially to promote creativity, employment growth, and competitiveness.

 WBSFC Term Loan Scheme

• Purpose: For land, buildings, machinery, equipment, and working capital.
• Eligibility: New and existing enterprises.
• Loan Limit: Based on need.
• Repayment Period: Up to 3 years.
• Security: Liquid collateral securities of 25%.

 WBMDFC Loan Scheme

• Purpose: For minority community entrepreneurs.
• Eligibility: Existing enterprises.
• Loan Limit: Up to ₹5 lakh.
• Interest Rate: 6% per annum.
• Repayment Period: 3-5 years.
• Security: Collateral for loans above ₹50,000.

 WBCFDC Loan Scheme

• Purpose: For entrepreneurs from backward classes.
• Eligibility: New and existing enterprises.
• Loan Limit: Up to ₹15 lakh.
• Interest Rate: 6%-8% per annum.
• Repayment Period: Up to 8 years.

TANTUJA Credit Assistance Scheme

• Purpose: For handloom weavers.
• Eligibility: New and existing handloom weavers.
• Repayment Period: Flexible terms.
• Security: None specified.

SRTO Scheme

• Purpose: For new passenger commercial vehicles.
• Eligibility: Service sector MSMEs.
• Loan Limit: 75% of the project cost.
• Repayment Period: Based on terms.

Composite Loan Scheme

• Purpose: For acquiring fixed assets and working capital.
• Eligibility: Tiny sector enterprises.
• Loan Limit: Up to ₹1.5 lakh.
• Repayment Period: Up to 10 years.

SVSKP Scheme

• Purpose: To support unemployed individuals and groups.
• Eligibility: Economically weaker sections.
• Income Ceiling: ₹15,000/month for the family.
• Repayment Period: Flexible terms.

Conclusion

These initiatives promote economic growth and development in several areas by giving MSMEs in West Bengal critical financial support. Consult official state government resources for the most recent information and thorough application processes.