West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS
Department of Micro, Small and Medium Enterprises and Textiles, Government of West Bengal · Central government
West Bengal government funds PWCS and individual weavers to settle NPA accounts.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Not specified
- Instrument
- Subsidy
- Deadline
- Rolling
- Disbursement
- Reimbursed after spend
- Scheme duration
- 5 years
About this scheme
The "Support for One Time Settlement (OTS) of NPA Accounts of PWCS" operates as a sub-scheme within the "West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024." It was introduced by the Micro, Small & Medium Enterprise and Textiles Department, Government of West Bengal on March 7, 2024. The objective is to clear the debts of Primary Weavers’ Cooperative Societies (PWCS) and individual weavers. Financial support is extended for settling Non-Performing Asset (NPA) accounts held with The West Bengal State Cooperative Bank Ltd. (WBSCB Ltd.) and various District Central Cooperative Banks (DCCBs). The scheme remains active for five years.
This initiative seeks to reduce the financial load on artisans and cooperative bodies, thereby supporting the revival of the handloom and khadi weaving sectors.
Who can apply
- Eligible business forms
- Sole proprietorship
- Udyam registration
- Not specified
- MSME registration
- Not specified
- DPIIT startup recognition
- Not specified
- GST registration
- Not specified
- Where the business may be based
- West Bengal
- Handloom Weavers: Master Weavers, Individual Weavers, Allied Workers associated with handloom weaving, Cooperative fold Weavers, and Weavers associated with Handloom Clusters. - Khadi Weavers. - Primary Weavers’ Cooperative Societies (PWCS) with viable NPA accounts as of 31/03/2024. - Khadi societies.
How to apply
- An eligible Primary Weavers’ Cooperative Society (PWCS), Khadi society, or Individual Weaver is required to submit an application. - The application must be made in the format specified by the Micro, Small & Medium Enterprise and Textiles Department, which will be announced separately. - Submission is permitted through either the online or offline channel. - The duly filled application must be filed with the Director, Textiles, prior to the applicable deadline.
Frequently asked questions
What is the main objective of this sub-scheme?
The scheme aims to make Primary Weavers’ Cooperative Societies (PWCS) debt-free by offering financial support for the One Time Settlement (OTS) of non-performing asset (NPA) accounts held with The West Bengal State Cooperative Bank Ltd. (WBSCB Ltd.) or various District Central Cooperative Banks (DCCBs), while also benefiting individual weavers.
Who is eligible to apply for this scheme?
Handloom weavers—including entrepreneur, master, individual, cooperative-fold, and cluster-associated weavers, as well as allied workers—and khadi weavers are eligible, along with PWCS and khadi societies.
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, launched on March 7, 2024, will remain operational for five years.
How does one apply for the scheme?
Eligible PWCS, Khadi societies, and individual weavers must submit their applications in the prescribed format—to be notified by the department—either online or offline to the Director, Textiles.
Sectors
- Manufacturing Industrial
- Social Impact
- Handloom
- Khadi
- Weavers
- Debt Relief
- Npa Settlement
- Cooperative Societies
- Micro Enterprise
- Livelihood Support
Details last verified on 3 August 2026. Source: the issuer's published information.