WEST BENGAL

The rich and vibrant state of West Bengal is primarily dependent on agriculture and medium-sized industry, although services and heavy industries play an increasingly significant role in its economy. Always leading the cultural brigade of the country, the state has exemplary expertise over a range of artifacts and handicrafts, like leather craft, bamboo and cane, bell and brass metal, ‘tant’ work, clay dolls, ceramic and jute products. Despite its unique assets, a significant part of the state is still economically backward.

KEY INDUSTRIES / SECTORS:

Petrochemicals

Electronics & IT

Textiles

Pharmaceuticals

Tea

Iron & Steel

POTENTIAL INDUSTRIES:

Food processing, Tourism.

The state government has set up myEnterprise.wb.gov.in as the single window for all applications, information and all forms.

West Bengal Incentive Scheme 2013: The object of the Scheme is to extend fiscal incentives to encourage entrepreneurs to set up Micro, Small and Medium Enterprises with a view to focusing on development of MSMEs in the backward region of the State and creating a sustainable ecosystem in the MSME sector which can maximize the utilization of resource and widen the area of operation to make the State emerge as the MSME leader in the country.

Department of MSME, Govt. of West Bengal guides entrepreneurs to set up new units/industries. Some tips to the Intending Entrepreneur in respect of points related to available fiscal support / details of varieties of license and concerned issuing authorities.

Udiyaman Swanirbhar Karmasansthan Prakalpa (USKP) 2008: Udiyaman Swanirbhar Karmasansthan Prakalpa (USKP), is to assist unemployed youth validly registered with employment exchanges in West Bengal by providing subsidized credit from commercial banks.

Recently NASSCOM too has offered to build the first Incubation Centre for young and aspiring entrepreneurs in Kolkata.

Bangla Swanirbhar Karmasansthan Prakalpa (B.S.K.P): For individual youth the scheme is called “Atma Maryada” and for groups of entrepreneurs it is called “Atma Samman”. The objective of the scheme is to generate self-employment in the state through promotion of tiny scale units of production, manufacturing, trade, service or any other sector other than direct agriculture. It is a continuing scheme. It covers both urban and rural areas.

Prime Minister’s Employment Generation Programme (PMEGP): Government of India has approved the introduction of a new credit linked subsidy programme called Prime Minister’s Employment Generation Programme (PMEGP) by merging the two schemes that were in operation till 31.03.2008 namely Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) for generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas.

Society for Self-employment of Unemployed Youth – Promotes entrepreneurship and employment opportunities by sponsoring, implementing, administering, supervising, training and monitoring self-employment programme. Swami Vivekananda Karmasansthan Prakalpa is a scheme to generate self-employment in the urban & rural areas of the state through promotion of tiny scale units of production, manufacturing, trade, service or any other sector including agro-based industries, floriculture, horticulture, animal husbandry other than direct agriculture.
There are two schemes under SVSKP-
1) Atma Maryada – For individual entrepreneur.
2) Atma Samman – for group entrepreneur.

Entrepreneurship Development Program (Directorate of MSME): The Directorate takes initiative to facilitate the scope of employment by imparting skill based training among the unemployed budding youth. The chief purpose behind this exercise is to create the opportunity so that the unemployment youth could get training that is popularly known as EDP or Entrepreneurship Development Programme – The State Government, through this Directorate provides fund to various Organizations like R. K. Mission, Enterprise Development Institute, BNCCI WEBCON and other well reputed Organizations for organizing different kinds of trade based and managerial skill development trainings. Apart from these, all district level offices (DICs) under this Directorate organize such type of training programmes throughout the year. This training aims in identifying the skill already latent in the inspiring trainees to develop certain skills related with the market oriented activities like production of new items, managing the business activities and also to increase the employability among the trainees.

Entrepreneurship Development Institute: The state government + Bengal National Chamber of Commerce & Industry has created a non-profit institute called Enterprise Development Institute for strengthening entrepreneurship with structured training and certification programs such as Executive Masters of Business Creation & Administration (EMBCA) and other diplomas.

Certificate in Entrepreneurship Management, XLRI, Jamshedpur

Institute of Leadership Entrepreneurship and Development

The Science and Technology Entrepreneurs’ Park (STEP), IIT Kharagpur

Total Start: Builds entrepreneurial ecosystems to sustainably nurture and develop homegrown entrepreneurs and enterprises in domain specific business areas relevant for the region.

The government has tied up with IIM-Calcutta for training officials to go over each district educating and assisting all prospective entrepreneurs with everything they need to start their own ventures.

In Summary – West Bengal and Entrepreneurship:

 A cosmopolitan society, the best power infrastructure in the country and the welcoming attitude of the state towards foreign technology and investments make West Bengal an entrepreneur’s paradise. By seeking and seizing new opportunities and making the most of the institutional support provided, entrepreneurs can reverse the current decline in the state’s share of total industrial output in India.

To know more about how West Bengal is building a vibrant entrepreneurship ecosystem, click here.

Data Sources for West Bengal:

Note: Policy details provided here are for the purpose of information only. Please verify the latest information from the relevant Government or MSME website of the state. Other data and information is curated from various websites and public documents. In case you have any corrections, additions, or suggestions, please share the same with us, and we’ll be happy to incorporate them here.