OTSNPA
West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS
6.2/10“Support for One Time Settlement (OTS) of NPA Accounts of PWCS" is a sub-scheme under "West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024” by the MSME and Textiles Dept, Government of West Bengal aims to make PWCS debt free by providing financial support for OTS of NPA accounts.
States / UT: West Bengal
Nodal department: Micro, Small & Medium Enterprises and Textiles Department
Scheme for: Infra
Scheme profile
DBT (direct benefit transfer): No
Categories: Business & Entrepreneurship
Target beneficiaries: Registered Societies, Business Entity, Individual, Joint Liability Groups (JLGS), NGO, Self Help Groups (SHGS)
Tags: Handloom, Khadi Weavers, NPA, PWCS, OTS
Details
“Support for One Time Settlement (OTS) of NPA Accounts of PWCS" is a sub-scheme under "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 7th March, 2024, and it shall remain in force for a period of five years. The objective of this sub-scheme 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).
Benefits
- - 100% of the overdue principal +25% of the overdue interest on NPA accounts of viable PWCS as of 31/03/2024
- The remaining 75% of overdue interest and any penal interest will be written off by the West Bengal State Cooperative Bank Ltd./District Central Cooperative Bank Ltd
- 100% of the overdue principal +25% of the overdue interest on NPA accounts of viable PWCS as of 31/03/2024.
- The remaining 75% of overdue interest and any penal interest will be written off by the West Bengal State Cooperative Bank Ltd./District Central Cooperative Bank Ltd.
Eligibility
The following categories of weavers are eligible under this Scheme:
- Handloom Weavers (Entrepreneur Weavers, so called Master Weavers/Individual Weavers/ Allied Workers Associated with Handloom Weaving/Cooperative fold Weavers/ Weavers associated with Handloom Clusters etc.),
- Khadi Weavers.
How useful is this scheme?
A practical look at this scheme for citizens
AI-generated insights showing how useful, accessible, and practical this scheme may be — combining deterministic scoring rules with a public-policy LLM analyst.
- Accessibility6.0
- Financial impact6.0
- Rural utility7.0
- Awareness4.5
- Simplicity5.0
- Inclusivity7.0
What problem does this scheme solve?
The scheme aims to alleviate the financial burden on Primary Weavers' Cooperative Societies by providing support for settling non-performing assets.
Key challenges addressed
- Debt relief for weavers' cooperatives
- Financial support for overdue accounts
Most beneficial for
- Registered Societies
- Individual Weavers
- Self Help Groups
Likely challenges
- Complex application process
- Limited awareness among potential beneficiaries
Practical insights for citizens
The scheme has practical benefits but may face challenges in reaching all eligible beneficiaries effectively.
Rural challenges
- Limited access to information and resources
- Potential travel to apply
Digital challenges
- Limited online application options
- Low digital literacy in rural areas
Implementation bottlenecks
- Dependence on local offices for application processing
- Potential delays in fund disbursement
Awareness challenges
- Low awareness among target beneficiaries about the scheme
Application analysis
- Application mode
- Offline office
- Documents burden
- Minimal, no specific documents listed
- Verification complexity
- Moderate, involves scrutiny by a committee
- Office dependency
- High, requires interaction with local offices
- CSC support
- Limited
- Estimated citizen effort
- Moderate, requires filling out forms and possibly visiting offices
Estimated beneficiary reach
Benefit analysis
- Benefit type
- Cash
- Benefit frequency
- One-time settlement
- Benefit practicality
- High, as it directly addresses overdue debts
- Financial meaningfulness
- High, as it provides significant financial relief
- Long-term impact
- Potentially positive, if it helps stabilize weavers' cooperatives
Plain-language guidance
This scheme helps weavers' cooperatives settle their debts by providing financial support. Eligible weavers can apply to receive cash benefits to clear overdue amounts.
- Who should apply
- Registered societies, individual weavers, and self-help groups involved in handloom and khadi weaving.
- Who may struggle
- Semi-literate individuals and those unfamiliar with the application process.
- Best application route
- Apply at the local office of the Micro, Small & Medium Enterprises and Textiles Department.
This intelligence section is generated by an AI policy analyst combined with rule-based scoring. Scores and narrative are estimates derived from the publicly available scheme information shown on this page; actual experience may vary by state, district, and department. Always confirm details on the official portal before you apply.
Application Process
Offline
- An eligible PWCs/ Khadi society/ Individual Weaver will apply either in online or in offline mode in the prescribed format (as would be notified by this department) before the Director, Textiles.
Helpdesk: Office Addresses and Contact Details (District Wise).
Clarifications
Additional points from the scheme information published on myScheme (not legal advice).
- What is the definition of “PWCS”?
"PWCS" means the Primary Weavers' Cooperative Societies registered under the West Bengal Cooperative Societies Act.
- What is the extent of financial support provided by the State Government to clear the overdue amounts of NPA accounts for viable and potentially viable PWCS as of 31/03/2024?
The State Government will extend financial support to clear 100% overdue principal amount +25% overdue interest amount as on 31/03/2024 of the NPA account of viable and potentially viable PWCS.
- What is the definition of “NPA”?
"NPA" means Non Performing Assets.
- How will the remaining overdue interest and penal interest be managed by the West Bengal State Cooperative Bank Ltd./ District Central Cooperative Bank Ltd. of the concerned districts?
The balance 75% overdue interest and the penal interest, if any, shall be written off by the West Bengal State Cooperative Bank Ltd./ District Central Cooperative Bank Ltd. of the concerned Districts.
- Which department is the management authority for this scheme?
The Scheme will be implemented and monitored by the Micro, Small & Medium Enterprise and Textiles Department.
- What process will be followed by the department for the administration of this scheme?
The Committee will scrutinize and examine the claim proposals as would be submitted in the prescribed format and will cause Field Enquiry, if necessary. The Committee will recommend the claim based on the scrutiny/ examination undertaken to the Director, Textiles/ CEO KWBVIB as the case may be.
- What measures are in place to prevent misuse of the Welfare Assistance?
In case of any misrepresentation of facts or furnishing false information by an applicant ,all his/ her claims under the scheme shall be revoked.
- Whether any similar benefits extended to eligible PWC/ Khadi Society under any existing schemes of the State Government or Government of India, will continue to operate alongside the benefits provided under this scheme?
Yes, an eligible PWC/Khadi Society etc. which has availed of incentive/subsidy under any other scheme prior to the introduction of this scheme shall be eligible to get the benefits under this scheme.
- Is an eligible PWC/Khadi Society that has already received an incentive or subsidy under a different scheme before the introduction of this new scheme still eligible to receive benefits under the new scheme?
Yes, an eligible PWC/Khadi Society etc. which has availed of incentive/subsidy under any other scheme prior to the introduction of this scheme shall be eligible to get the benefits under this scheme.
- How the Grievance Redressal Mechanism shall operate for this scheme?
In case of any grievances against the decision of the Directorate of Textiles, application is to be made to the Principal Secretary, Department of MSME&T, Government of West Bengal. In case of any interpretation regarding the scheme, the Director of Textile shall consult with the Department of MSME&T before taking any final decision.
- What is the objective of the scheme?
"West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS" scheme implemented by the MSME and Textiles Dept, Government of West Bengal aims to make PWCS debt free by providing financial support for One Time Settlement (OTS) of NPA accounts of PWCS.
- What is the date of commencement and duration of this scheme?
This scheme was launched on 7th March, 2024 and will remain in force for five years.
- Who are the targeted beneficiaries under this scheme?
Entrepreneur Weavers/Individual Weavers of the state are the targeted beneficiaries under this scheme.
- How can the benefits be availed?
An eligible PWCs/ Khadi society/ Individual Weaver will apply either in online or in offline mode in the prescribed format (as would be notified by this department) before the Director, Textiles.
- What is the frequency of the assistance?
The assistance will be provided one time to the beneficiaries.
- What is the definition of “Societies”?
"Societies" means and includes PWCS, Handloom Clusters, JLG groups, Handloom Groups.
- What is the definition of “Khadi Society”?
"Khadi Society" means Society Registered under Co-operative Societies Act / Official Trustees Act / Societies Act/ Partnership Firm/ Company's Act etc. who are involved/ engaged in handloom/ khadi related activities.
Official links
References
- Guidelines
- https://wbmsme.gov.in/sites/default/files/cms/circularpdf/1709829549NOTIFICATION%20No.%201001-MSMET%20dt.%207.3.2024.pdf
Apply
Apply nowOpens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.
Frequently asked questions
- What is the purpose of West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS is a government welfare initiative designed to support Infra, Registered Societies, Business Entity, Individual, Joint Liability Groups (JLGS), NGO, Self Help Groups (SHGS) through benefits related to Business & Entrepreneurship, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.
- Who can apply for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Eligibility for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS may depend on factors such as income category, age, gender, occupation, state of residence, social category, and government-defined beneficiary criteria.
- What benefits are offered under West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Benefits under West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.
- Which department manages West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS is managed by Micro, Small & Medium Enterprises and Textiles Department and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.
- Can users apply online for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Yes, eligible applicants may be able to apply online for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS through official government portals, authorised service centres, or digital application systems depending on the implementation process.
- Is Aadhaar mandatory for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.
- Where can users apply for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Applications for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.
- What documents may be required for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.
- Is West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS available in all states?
- No, West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS is primarily available for eligible residents of West Bengal and may be implemented through state government departments and local administrative offices.
- Can residents outside West Bengal apply for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Eligibility for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS is generally limited to residents of West Bengal unless otherwise specified in the official scheme guidelines.
- Does West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS provide business loan or startup assistance?
- West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS may support entrepreneurs, startups, self-employed individuals, MSMEs, or small businesses through financial assistance, subsidies, credit support, or training initiatives.
- Is collateral required under West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Collateral requirements may vary depending on the loan amount, implementing agency, financial institution, and government subsidy structure.
- Can CSC centres help users apply for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.
- How can users check the latest updates for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.
- Can beneficiaries track application status for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS?
- Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.
- Where can users get help for West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS in West Bengal?
- Users in West Bengal may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.
- Which nearby public services may help with West Bengal Handloom and Khadi Weavers Financial Benefit Scheme 2024: Support for One Time Settlement (OTS) of NPA Accounts of PWCS applications?
- Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.