i) 'State Government' means the Govt. of West Bengal.
ii) 'Tiny Scale Unit' for this Scheme means a unit having Project
cost upto Rs. 25 lakhs.
iii) The project cost means costs of the following items :
a) Fixed capital assets i.e. costs of plant and machinery and/or
cost of land.
b) Cost of civil works required for the project.
c) Hiring charge of any building required for the project.
d) Initial working capital
required at the stage of commencement of proposed scheme, whether
manufacturing, trade, service or any sector including agro-based
industries, Floriculture, Horticulture and Animal Husbandry etc.
and not working capital cost which may be required subsequently
after the project is operationalised.
iv) 'Family' for the purpose of the scheme shall be deemed to consist
of spouse, dependent parents and dependent minor children.
v) 'Prakalpa Sahayak' means a person or a group of persons or an organisation
not being prospective entrepreneur under the scheme, and is engaged
as such to motivate and assist the prospective entrepreneurs to
avail of the Scheme, provide guidance for appropriate implementation
of the project and play decisive role in motivating the beneficiaries
to repay the loan.
vi) 'Unemployed youth' means any person who is not gainfully employed
and is within the age of 18 to 45 years as on the date on which
he or she makes an application for assistance under the scheme and
registered with any employment exchange. The State Govt. in the
Department of Self-Help Group & Self Employment, may relax the
age limit for a maximum period of two years (i.e. upto 47 years
of age) on consideration of merit as a special case under exceptional
vii)'Bank Branch Concerned' or `WBFC Branch' means the branch or
the branches of the Nationalised bank / Cooperative Bank / Gramin
Bank or of West Bengal Financial Corporation or any other financial
corporation under the State Govt., Central Govt. as the case may
be, to whose areas of operation the sponsored application of the
prospective entrepreneur or group of entrepreneurs pertain.
viii) 'Sponsored' means the loan application which are considered
eligible by the PIC and submitted to the bank or WBFC as the case
may be for sanction.
ix) 'Sanctioned' means the cases sanctioned by the bank or WBFC
as the case may be for disbursement of loan amount.
x) 'Disbursed' means the cases disbursed by bank or WBFC or any
other financial institutions as the case may be and shall consist
of loan, subsidy and owner's share in right proportion.