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Government of India and State government have setup a number of agencies throughout the country to help entrepreneur in solving technical, infrastructural and financial problems.
The SFC is empowered to grant financial assistance to medium, small and cottage industries. Assistance extended by various agencies is shown below in detail
| Agency / Institution
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Nature of Assistance
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| C & SSI and DIC
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Direction for setting small scale units, Idea on product selection, raw materials, market survey, preparation of project reports, SSI registration, sanction of margin money, subsidies and incentives, market facilities, export and import facilities.
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| SISI
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Identification of products, guidance for project preparation, vetting of projects, guidance for selection of plant and machinery, raw materials, market survey, marketing and special training facilities.
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| IDBI
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Guidelines on large scale and small – scale industry
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| IRBI
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Rehabilitation assistance
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| WBSIDB
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Soft loan assistance guidance for industry refinances
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| WBFC
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Counseling and guidance, Term loan for acquisition of land, building, plant and machinery, furniture and fixtures, seed capital. Post – disbursement monitoring and assistance
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| Nationalized Banks
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Term loans, working capital loan, counseling and guidance
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| NABARD
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Financing agriculture, small industries, handicrafts and other non- farm activities.
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| WBSIC
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Hire purchase of plant and machinery
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| WBIIDC
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Allotment of industrial land and shed
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| NSIC
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Hire purchase of plant and machinery, securing purchase orders from government departments, prototype development, and training
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| WBSEB
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Power connection
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| WBCO
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Guidance for setting up small industries, project report preparation, techno economic viability study
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| SIDAB
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Economic viability study and one window clearance
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| WB Electronic Dev Corpn
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Vetting for electronic projects, information on electronics and guidance
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| MMTC
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Imports
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| WB Mineral Dev. & Trading Corpn
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R & D facilities
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| WB Handloom & power loom Dev. Corpn
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Registration and information on handloom and power loom projects.
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| Director, Fruit Processing
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Information on fruit processing and training assistance
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| Govt. of WB Director, Drug Control
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Information on pharmaceuticals
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| Directorate of Commercial Taxes
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Sales Tax.
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| WB Pollution Control Board
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Pollution Control.
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For the purpose of central investment subsidy, the backward areas of the country have been classified into three categories: A,B and C. The amount of subsidy admissible to small industries in these three categories of areas is as follows: CATEGORY A: 25% fixed capital investment subject to ceiling of Rs. 25 lakhs.
CATEGORY B: 15% fixed capital investment subject to ceiling of Rs. 15 lakhs.
CATEGORY C: 10% fixed capital investment subject to ceiling of Rs. 10 lakhs.
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Participants