What is Bhabishyat Credit Card Interest Subsidy Scheme?

The Bhabishyat Credit Card Interest Subsidy Scheme is a West Bengal government initiative that reduces the effective interest burden on loans taken under the Bhabishyat Credit Card Scheme for micro entrepreneurs and MSME borrowers.

What is the interest subsidy rate under this scheme?

The scheme provides an interest subsidy that effectively reduces the borrower's interest rate to as low as 2–5% per annum on eligible Bhabishyat Credit Card loans, with the state government paying the difference.

Who is eligible for the interest subsidy scheme?

Micro entrepreneurs, self-help group members, artisans, and small business owners in West Bengal who have availed loans under the Bhabishyat Credit Card Scheme and repay regularly are eligible.

How does the interest subsidy work?

The West Bengal government directly credits the subsidy amount to the borrower's loan account with the bank, reducing the outstanding principal or the monthly EMI amount, making repayment easier.

How to apply for Bhabishyat Credit Card Interest Subsidy?

Eligible borrowers who have already taken Bhabishyat Credit Card loans can apply through their lending bank, the district MSME office, or through Duare Sarkar camps with their loan account details.

Is the Bhabishyat Credit Card Interest Subsidy available for all types of loans?

The subsidy is specifically available for loans taken under the Bhabishyat Credit Card Scheme. Borrowers with regular repayment histories qualify for the subsidy on eligible loan components.

WB Bhabishyat Credit Card Interest Subsidy Scheme

West Bengal Government Scheme – MSME Finance

WB Bhabishyat Credit Card Interest Subsidy Scheme – ভবিষ্যৎ ক্রেডিট কার্ড সুদ ভর্তুকি প্রকল্প

Interest subsidy on Bhabishyat Credit Card loans for MSME entrepreneurs | Memo 1000/2024

Launched March 2024 – vide Memo No. 1000/MSMET dated 07/03/2024

MSME Entrepreneurs Interest Subsidy Memo 1000/2024 Bank Linked

About WB Bhabishyat Credit Card Interest Subsidy Scheme

West Bengal Bhabishyat Credit Card Interest Subsidy Scheme is a companion scheme to the Bhabishyat Credit Card Scheme (WBBCCS), providing interest subsidy on loans taken under the Bhabishyat Credit Card. Notified vide Memo No. 1000/MSMET-l8011(11)75/2023 dated 07/03/2024, the scheme reduces the effective interest burden on MSME entrepreneurs and small business owners who avail credit through the Bhabishyat Credit Card, making business finance more affordable and accessible.

Subsidy

Interest subsidy on WBBCCS credit card loans

MSME

Target group — micro, small & medium enterprises

2024

Launched March 2024 via official MSME memo

DBT

Subsidy credited directly to borrower account

Benefits & Features

Interest subsidy on loans availed through Bhabishyat Credit Card
Reduces effective borrowing cost for small business owners
Makes MSME credit more affordable and accessible
Available to registered MSME entrepreneurs in West Bengal
Subsidy credited directly — no need to separately claim
Complements WBBCCS by making the credit facility even more attractive

⚠️ Note: This scheme is specifically for borrowers who have already availed or are availing credit under the Bhabishyat Credit Card Scheme (WBBCCS). Apply for WBBCCS first through your district MSME office or empanelled bank.

How to Apply – 2026

First enroll in the Bhabishyat Credit Card Scheme (WBBCCS)

Avail credit through the Bhabishyat Credit Card at an empanelled bank

Interest subsidy application is processed jointly with the WBBCCS application

MSME Department verifies and processes the subsidy

Interest subsidy amount is credited to your loan account directly

Aadhaar Card MSME Registration Certificate Bank Passbook / Loan Account Details Bhabishyat Credit Card Application Passport Photo

Official Portal & Status Check

Official Portalmsme.wb.gov.in

Step 1Visit the official portal listed above

Step 2Enter your application/registration ID or Aadhaar

Step 3Check application and payment/benefit status online

The Bhabishyat Credit Card Interest Subsidy Scheme makes business financing truly accessible for West Bengal’s MSME entrepreneurs by reducing the interest burden on credit. Together with the Bhabishyat Credit Card Scheme, it forms a comprehensive support package for small business growth across the state.

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