The West Bengal Incentive Scheme for IT Startups & IT/ITeS Units in STPI Locations (WBISISTL) is a transformative initiative by the Government of West Bengal to boost innovation, employment, and growth in the IT sector. If you’re an IT startup or an IT/ITeS (Information Technology Enabled Services) unit looking to establish or expand operations in West Bengal, this scheme offers financial incentives and support to fuel your growth. Let’s break down how it works and how you can benefit.
What Is the WBISISTL Scheme?
The WBISISTL scheme aims to promote IT entrepreneurship and attract IT/ITeS companies to set up units in STPI (Software Technology Parks of India) locations across West Bengal. By offering financial subsidies and infrastructure support, the scheme reduces operational costs for startups and businesses, making the state a hub for tech innovation.
Key Features of the WBISISTL Scheme
1. Capital Investment Subsidy
o Eligible units receive a 25% subsidy on capital investments in infrastructure, machinery, or software.
o Maximum subsidy cap: ₹25 lakhs per unit.
2. Employment Generation Incentive
o Financial support of ₹10,000 per employee per month for new jobs created.
o Applicable for the first 24 months of operation.
3. Reimbursement of Patent Costs
o Up to ₹2 lakh reimbursement for patent registration expenses.
4. Stamp Duty & Electricity Duty Waivers
o 100% exemption on stamp duty for land/office registration.
o 50% waiver on electricity duty for the first 5 years.
5. Interest Subsidy on Loans
o Subsidy on loan interest for eligible startups.
Who Can Apply?
The WBISISTL scheme is open to:
- IT Startups: Registered within the last 5 years.
- IT/ITeS Units: Companies in software development, AI, IoT, cloud computing, cybersecurity, or IT-enabled services.
- Eligible Entities: Must operate from an STPI-registered location in West Bengal.
How to Apply for the WBISISTL Scheme
Follow these steps to apply:
1. Check Eligibility
o Ensure your business falls under the IT/ITeS category.
o Register your unit with STPI.
2. Prepare Documents
o Business registration certificate.
o STPI approval letter.
o Proof of capital investment (invoices, bills).
o Employee details (for employment incentives).
3. Submit Application
o Visit the official portal: https://www.myscheme.gov.in/schemes/wbisistl.
o Fill the application form and upload required documents.
4. Approval & Disbursement
o Applications are reviewed by the West Bengal Electronics Industry Development Corporation (WEBEL).
o Funds are disbursed post-verification.
Why Choose the WBISISTL Scheme?
- Cost Savings: Reduce setup and operational expenses.
- Job Creation Support: Get incentives for hiring locally.
- Innovation Boost: Financial aid for patents and R&D.
- Growth Opportunities: Access to STPI infrastructure and networking.
FAQs About the WBISISTL Scheme
Q1. What types of businesses qualify as IT/ITeS under this scheme?
IT services (software development, AI/ML), IT-enabled services (BPO, data processing), and tech startups in IoT, cybersecurity, etc.
Q2. Is there a deadline to apply?
The West Bengal Incentive Scheme for IT Startups & IT/ITeS Units in STPI Locations (WBISISTL) is a transformative initiative by the Government of West Bengal to boost innovation, employment, and growth in the IT sector. If you’re an IT startup or an IT/ITeS (Information Technology Enabled Services) unit looking to establish or expand operations in West Bengal, this scheme offers financial incentives and support to fuel your growth. Let’s break down how it works and how you can benefit.
Q3. How long does approval take?
The West Bengal Incentive Scheme for IT Startups & IT/ITeS Units in STPI Locations (WBISISTL) is a transformative initiative by the Government of West Bengal to boost innovation, employment, and growth in the IT sector. If you’re an IT startup or an IT/ITeS (Information Technology Enabled Services) unit looking to establish or expand operations in West Bengal, this scheme offers financial incentives and support to fuel your growth. Let’s break down how it works and how you can benefit.
Q4. Can existing IT units in West Bengal apply?
The West Bengal Incentive Scheme for IT Startups & IT/ITeS Units in STPI Locations (WBISISTL) is a transformative initiative by the Government of West Bengal to boost innovation, employment, and growth in the IT sector. If you’re an IT startup or an IT/ITeS (Information Technology Enabled Services) unit looking to establish or expand operations in West Bengal, this scheme offers financial incentives and support to fuel your growth. Let’s break down how it works and how you can benefit.
Q5. Are non-STPI units eligible?
The West Bengal Incentive Scheme for IT Startups & IT/ITeS Units in STPI Locations (WBISISTL) is a transformative initiative by the Government of West Bengal to boost innovation, employment, and growth in the IT sector. If you’re an IT startup or an IT/ITeS (Information Technology Enabled Services) unit looking to establish or expand operations in West Bengal, this scheme offers financial incentives and support to fuel your growth. Let’s break down how it works and how you can benefit.
Q6. Is the subsidy a loan or a grant?
The West Bengal Incentive Scheme for IT Startups & IT/ITeS Units in STPI Locations (WBISISTL) is a transformative initiative by the Government of West Bengal to boost innovation, employment, and growth in the IT sector. If you’re an IT startup or an IT/ITeS (Information Technology Enabled Services) unit looking to establish or expand operations in West Bengal, this scheme offers financial incentives and support to fuel your growth. Let’s break down how it works and how you can benefit.
Q7. Can I apply for multiple incentives (e.g., capital subsidy + employment incentive)?
The West Bengal Incentive Scheme for IT Startups & IT/ITeS Units in STPI Locations (WBISISTL) is a transformative initiative by the Government of West Bengal to boost innovation, employment, and growth in the IT sector. If you’re an IT startup or an IT/ITeS (Information Technology Enabled Services) unit looking to establish or expand operations in West Bengal, this scheme offers financial incentives and support to fuel your growth. Let’s break down how it works and how you can benefit.
Q8. What happens if I don’t meet employment targets?
The West Bengal Incentive Scheme for IT Startups & IT/ITeS Units in STPI Locations (WBISISTL) is a transformative initiative by the Government of West Bengal to boost innovation, employment, and growth in the IT sector. If you’re an IT startup or an IT/ITeS (Information Technology Enabled Services) unit looking to establish or expand operations in West Bengal, this scheme offers financial incentives and support to fuel your growth. Let’s break down how it works and how you can benefit.
Final Thoughts
The WBISISTL scheme is a golden opportunity for IT startups and businesses to scale operations with government-backed support. From reducing setup costs to fostering innovation, it’s designed to position West Bengal as a leader in India’s IT landscape.
Ready to Apply?
Visit https://www.myscheme.gov.in/schemes/wbisistl to start your application today!