Women entrepreneurs in West Bengal facing financial challenges now have a lifeline! The West Bengal Incentive Scheme for Women Entrepreneurs in Distress (WBISWED), launched by the state government, aims to revive struggling micro and small businesses led by women. This initiative offers financial support, skill development, and mentorship to help them regain stability. Let’s explore how WBISWED works and how you can benefit.
Objectives of WBISWED
1. Revive Struggling Businesses: Provide financial aid to women-owned enterprises impacted by economic downturns, natural disasters, or personal crises.
2. Promote Entrepreneurship: Encourage women to continue their entrepreneurial journey despite setbacks.
3. Boost Employment: Strengthen businesses to create job opportunities within local communities.
4. Enhance Skills: Offer training programs to improve business management and technical expertise.
Key Features of the Scheme
✅ Financial Assistance: Eligible entrepreneurs receive a one-time grant of up to ₹2 lakh to cover operational costs, repay debts, or upgrade infrastructure.
✅ Interest Subsidy: Partial relief on existing loans to reduce financial burdens.
✅ Skill Development: Free workshops on digital marketing, accounting, and product innovation.
✅ Mentorship: Access to industry experts for guidance on business strategies.
✅ Priority Sectors: Focus on handicrafts, textiles, agri-based ventures, and small-scale manufacturing.
Who is Eligible?
To qualify for WBISWED, applicants must:
· Be a female resident of West Bengal aged 18–60 years.
· Own a micro or small enterprise operational for at least 2 years.
· Demonstrate financial distress due to:
o Natural disasters (e.g., floods, cyclones).
o Medical emergencies.
o Market downturns.
o Family crises.
· Have an annual business turnover below ₹50 lakh.
Note: Women from SC/ST/OBC categories and differently-abled entrepreneurs receive priority.
Benefits of WBISWED
· Debt Relief: Clear pending loans or dues.
· Business Revival: Funds can be used to purchase raw materials, upgrade equipment, or expand operations.
· Skill Upgradation: Learn modern techniques to stay competitive.
· Networking: Connect with fellow entrepreneurs and industry leaders.
How to Apply
1. Visit the Official Portal: Go to https://www.myscheme.gov.in/schemes/wbiswed.
2. Register: Create an account using your mobile number and email ID.
3. Fill the Form: Provide personal, business, and financial details.
4. Upload Documents: Submit required files (see checklist below).
5. Submit: Review and apply. Track your status online.
Documents Checklist
- Aadhaar card and residence proof.
- Business registration certificate (UDYAM, GST, or Shops & Establishment Act).
- Bank statements (last 6 months).
- Proof of financial distress (medical bills, loan statements, disaster-related reports).
- Passport-sized photograph.
FAQs
Q1. Can a startup apply for WBISWED?
No. The scheme supports businesses operational for at least 2 years.
Q2. Is the financial aid a loan or grant?
It’s a grant – no repayment required if terms are met.
Q3. How long does approval take?
Typically 4–6 weeks after document verification.
Q4. Can I apply offline?
Yes! Visit your nearest District Industries Centre (DIC) for assistance.
Q5. What if I’ve already availed another subsidy?
You’re still eligible, provided WBISWED funds are used for new requirements.
Q6. Is training mandatory?
Yes – skill development sessions are part of the scheme’s benefits.
Q7. Can a partnership firm apply?
Only if a woman owns 51% or more of the business.
Why WBISWED Matters
Financial instability often forces women to abandon their entrepreneurial dreams. WBISWED not only provides monetary support but also rebuilds confidence through training and mentorship. By stabilizing businesses, the scheme contributes to broader economic growth and gender equality.
Take Action Today!
If you or someone you know qualifies, don’t miss this opportunity. Visit the WBISWED portal to apply or contact the West Bengal Department of Micro, Small & Medium Enterprises for queries.
Empowerment begins with resilience – let WBISWED help you bounce back!