SAIPISPSS

The “Incentive for Setting up a Power Sub Station” under the “SAIP for MSMEs” scheme, facilitates the Private Industrial Park in the provision of quality power.

The scheme “Incentive for Setting up a Power Sub Station” is a sub scheme under the “West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs”. It was launched on 16th September, 2020, by the Department of Micro, Small & Medium Enterprises and Textiles, Government of West Bengal, shall remain in force up to 5 years.

> Objective of the "West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs”:

The objective of the Scheme is to provide state support in the form of fiscal and non fiscal incentives in order to encourage private sector to set up industrial parks on their own land with quality infrastructure so as to catalyze and promote growth of MSME units in the state, boost employment generation, and lead to technology advancement and improved environmental compliance.

> Objective of the "Incentive for Setting up a Power Sub Station" Sub-scheme:

Through this incentive, power substations catering to the Approved Industrial Park (AIP), for which the requirement is justified and approved, shall be set up by the concerned State Government agency free of cost. Suitable land for setting up the substation shall be provided by the SPV without cost.

• Should be a Private sector entity or Existing/ Operational industrial parks.
• Should have a minimum of 5 acres of legally owned land (by direct purchase or lease from the State Government).
• Special Purpose Vehicle (SPV) must be registered under Companies Act/ Societies Registration Act/Partnership Act/ LLP.
• Park area should be expanded up to minimum 5 acres in outlying districts and minimum 2 acres in Kolkata and Howrah.
• The individual units have complied with all the necessary clearances for land conversion, fire licence, environmental issues, building plan etc.

• Pattern Of Assistance: Setting up of a Power Sub-Station free of cost.