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home >> FAQs
Frequently Asked Questions
1) What are the basic functions of WBIDC?
2) How does the SIFC help the investor in West Bengal?
3) What is the status of power in West Bengal?
4) What type of Incentives does the State Government provide? What is the process of receiving such incentives?
5) What are the statutory requirements for setting up of a project in West Bengal?
6) What kind of financial assistance WBIDC extends to the investors in West Bengal?
Answers :-
1) What are the basic functions of WBIDC?
  West Bengal Industrial Development Corporation Limited (WBIDC) is the premier agency of the State’s commerce and Industry Department. Ready to provide every kind of support the investor needs, WBIDC is a one stop shop that takes care of the most diverse of needs such as financing medium and large scale industries through various loan schemes; providing escort services and facilitating investment proposals through single window cell called Shilpa Sathi or State Investment Facilitation Centre (SIFC): Promoting joint sector and assisted sector units in important industry segments; developing business, trade and industrial links with domestic as well as foreign institutions and companies; conceptualizing new projects and providing assistance to entrepreneurs towards implementation and follow up; managing and operating the State Incentive Schemes as a nodal agency of the State Government; developing various sector specific industrial parks and above all e-governance.

WBIDC has always laid special emphasis on the need to disseminate information about the improved investment scenario of the State and its industrial policy initiatives highlighting the thrust areas for rapid growth. Keeping this in view, WBIDC undertakes publicity campaigns in the form of seminars, business meets, exhibitions and road shows etc.
2) How does the SIFC help the investor in West Bengal?
 
‘Shilpa Sathi’ or the State Investment Facilitation Centre (SIFC) acts as the single-window agency of the State Government for setting up industries.
SIFC offers assistance in the following areas:
Approvals from the Secretariat for Industrial Assistance and Foreign investment Promotional Board.
Registration by Directorate of Industries.
Clearance from the Pollution Control Board.
All clearances related to Power.
Identification, allotment, mutation / conversion of land and other infrastructural facilities.
Guidance to entrepreneurs on investment prospects in more than 200 ready projects developed by WBIDC.
3) What is the status of power in West Bengal?
  West Bengal has been a pioneer in power development over the years NASSCOM-Gartner ranks West Bengals power infrastructure as the best in the country. With an installed capacity of 7616 MW, a further capacity of 2400 MW under implementation and the lowest power tariff in India-US$0.06/unit for industrial use the State offers an attractive utility infrastructure for entrepreneurs.
4) What type of Incentives does the State Government provide? What is the process of receiving such incentives?
  Please visit- Incentive Schemes.
5) What are the statutory requirements for setting up of a project in West Bengal?
  Please visit- Entrepreneur Zone.
6) What kind of financial assistance WBIDC extends to the investors in West Bengal?
 
WBIDC’s key function is to provide financial assistance to investors for setting up new medium and large scale industries. As well as expansion, diversification and modernization of existing units. The loans are available in several forms.
Long term loan
Equipment Finance Scheme (EFS)
Bridge Loans
Special Short Term Loan (SSTL) Scheme
Reward schemes for customers
For more details please visit- WBIDC Offer
 
 
 
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