Under this support component, the State Government will extend financial support to clear 100% overdue principal amount plus 25% overdue interest amount as on 31/03/2024 of the NPA account of viable and potentially viable PWCS. 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.

• Example: X PWCS has NPA of ₹1.00 lakh (overdue principal) and overdue interest of ₹1.00 lakh.
• X PWCS is supposed to receive a sanction of Government financial assistance of ₹1.00 lakh in the form of overdue principal.
• So, the overdue principal will be NIL (₹1.00 lakh – ₹1.00 lakh = ₹0).
• The said PWCS is supposed to receive a sanction of 25% overdue interest of ₹0.25 lakh. The balance overdue interest will remain ₹0.75 lakh.
• Now, the bank will write off the aforesaid overdue interest of ₹0.75 lakh. The entire amount of ₹1.25 lakh will be credited to the respective bank on behalf of the said PWCS.
• Then the said PWCS will have NO liability of overdue principal and overdue interest and will become eligible to get a fresh loan from the bank for production and marketing.

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NOTE : Applications can be submitted online or offline in the prescribed format. The process involves scrutiny by district and state-level committees, and recommendations will be made based on eligibility and documentation.

For further details or specific queries, please contact the Directorate of Textiles or visit the official website for updates.