West Bengal Incentive Scheme for Approved Industrial Park (SAIP) for MSMEs: Incentive for Setting up a Power Sub Station
West Bengal Incentive Scheme for Approved Industrial Park (SAIP) – Incentive for Setting up a Power Sub-Station is a Government of West Bengal incentive implemented through the Department of Micro, Small & Medium Enterprises and Textiles, notified under the SAIP Scheme 2020 and amended on 20 September 2021, with validity of 5 years from notification.
The scheme aims to support industrial park developers by providing financial assistance for setting up dedicated power sub-stations to ensure reliable electricity supply. For you as an MSME developer or SPV, this incentive reduces infrastructure cost and ensures uninterrupted power availability for industrial units.
Key Features
- Power infrastructure support: Financial assistance for setting up dedicated power sub-stations within industrial parks.
- Improved power reliability: Ensures stable and uninterrupted electricity supply to MSME units.
- Support for industrial clusters: Enhances infrastructure quality in Approved Industrial Parks (AIPs).
- Capital-intensive infrastructure support: Reduces high upfront cost of electrical infrastructure.
- Reimbursement-based incentive: Subsidy provided after installation and verification.
- Integration with other SAIP benefits: Can be combined with infrastructure, CETP, and stamp duty incentives.
Financial Assistance
Eligibility Criteria
- Must be a Special Purpose Vehicle (SPV)
- SPV must be registered under Companies Act / LLP / Society / Partnership
- Must develop an Approved Industrial Park (AIP)
- Must install dedicated power sub-station within park
- Project must be approved by State Level Empowered Committee (SLEC)
Additional conditions:
- Sub-station must be part of approved infrastructure plan
- Compliance with electricity regulations required
Non-eligibility conditions:
- Projects without SPV structure
- Infrastructure not approved under scheme
- Non-compliance with regulatory norms
Documents Required
- SPV Registration Certificate
- Detailed Project Report (DPR)
- Power sub-station installation plan
- Invoices and cost details
- Proof of payment
- Project approval documents (SLEC)
- Bank account details
Application Process
Option 1: Apply with Bullit, Recommended
Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.
Option 2 : Apply Online (Government Process)
- Apply to WBSIDCL in Form-I for industrial park approval
- Obtain in-principle approval
- Submit DPR including power sub-station plan
- Receive approval from SLEC
- Install power sub-station as per approved plan
- Submit claim in Form-II with invoices and documents
- Verification by WBSIDCL / third-party agency
- Approval of subsidy amount
- Disbursement of incentive
- Track application status through WBSIDCL