West Bengal SwanirbharSahayakPrakalpa(WBSSP) :

Scheme implemented by- West Bengal Swarojgar Corporation Ltd. (WBSCL)

In order to provide relief to the interest burden on the Bank loan  availed by the Self Help Groups (SHGs), the State Government has introduced the West Bengal Swanirbhar Sahayak Prakalpa (WBSSP) Scheme. According to this Scheme from 01/04/2014 the Government shall provide an interest  subsidy to the eligible SHGs on a portion of the interest charged by Commercial, Regional Rural and Co-operative banks on the Bank loan. Considering that the  Bank  is charging interest @11% p.a. on the loan component of SHG, the Government shall subsidise interest component of the loan  @9% p.a. and the beneficiary has to pay the rest part ,i.e., @2% p.a.In order to streamline the system, it has been decided by the Government that the Banks will submit the claim of subsidy electronically to West Bengal Swarojgar Corporation Ltd, who will verify the claims and make e-payment directly to the accounts of the eligible SHGs through RTGS/NEFT.