West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS
By Department of Micro, Small and Medium Enterprises and Textiles, Government of West Bengal
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Quick Answer
Financial support from the West Bengal government for Primary Weavers’ Cooperative Societies (PWCS) and individual weavers to settle Non-Performing Asset (NPA) accounts.
- Funding amount
- Varies
- Funding type
- Subsidy
- Application deadline
- Rolling
- Location
- West Bengal
About this subsidy
The "Support for One Time Settlement (OTS) of NPA Accounts of PWCS" is a sub-scheme under the "West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024." Launched by the Micro, Small & Medium Enterprise and Textiles Department, Government of West Bengal on March 7, 2024, this scheme aims to make Primary Weavers’ Cooperative Societies (PWCS) and individual weavers debt-free. It provides financial assistance for the One Time Settlement (OTS) of NPA accounts held with The West Bengal State Cooperative Bank Ltd. (WBSCB Ltd.) and various District Central Cooperative Banks (DCCBs), and will remain in force for five years. The initiative is crucial for revitalizing the handloom and khadi weaving sectors by easing the financial burden on artisans and cooperative bodies.
Eligibility
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Subsidy providers
Provider
Department of Micro, Small and Medium Enterprises and Textiles, Government of West BengalWest Bengal · India
Benefits & Funding
What You Get
- 100% of the overdue principal on viable NPA accounts as of 31/03/2024.
- 25% of the overdue interest on viable NPA accounts as of 31/03/2024.
- The remaining 75% of overdue interest and any penal interest will be written off by the respective cooperative banks. This scheme provides significant financial relief by clearing a substantial portion of non-performing assets, helping handloom and khadi weavers and cooperative societies regain financial stability and focus on their craft without the burden of outstanding debt.
- Disbursement
- Reimbursement
- Duration
- 61 months
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Application Process
- 1
Apply
Submit application in prescribed format (online/offline) to Director, Textiles.
You
How to apply
Four steps from draft to disbursement — one action each.
- 1
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the main objective of this sub-scheme?
The main objective is to make Primary Weavers’ Cooperative Societies (PWCS) debt-free by providing financial support for One Time Settlement (OTS) of NPA accounts of PWCS in The West Bengal State Cooperative Bank Ltd. (WBSCB Ltd.) / various District Central Cooperative Banks (DCCBs), and also to benefit individual weavers.
Who is eligible to apply for this scheme?
Handloom Weavers (Entrepreneur Weavers, Master Weavers, Individual Weavers, Allied Workers Associated with Handloom Weaving, Cooperative fold Weavers, Weavers associated with Handloom Clusters) and Khadi Weavers are eligible. PWCS and Khadi societies are also eligible.
What financial benefits are provided under this scheme?
The scheme covers 100% of the overdue principal and 25% of the overdue interest on NPA accounts of viable PWCS/Khadi societies/Individual Weavers as of March 31, 2024. The West Bengal State Cooperative Bank Ltd. / District Central Cooperative Bank Ltd. will write off the remaining 75% of overdue interest and any penal interest.
How long will this sub-scheme be in force?
The sub-scheme was launched on March 7, 2024, and shall remain in force for a period of five years.
How does one apply for the scheme?
Eligible PWCS/Khadi societies/Individual Weavers must apply either online or offline in the prescribed format, which will be notified by the department, to the Director, Textiles.
Sources
Data on this page is compiled from official program and provider references.
