• WBFC can extend financial assistance in the form of long term loans to industrial concerns which means any concern engaged or to be engaged in:-
  1. the manufacture, preservation or processing of goods;
  2. mining or development of mines;
  3. the hotel industry;
  4. the transport of passengers or goods by road or by water or by air "[or by ropeway or by lift];
  5. the generation or distribution of electricity or any other form of power;
  6. the maintenance, repair, testing or servicing of machinery of any description or vehicles or vessels or motor boats or trailers or tractors;
  7. assembling, repairing or packing any article with the aid of machinery or power;
  8. the setting up or development of an industrial area or industrial estate;
  9. fishing or providing shore facilities for fishing or maintenance thereof;
  10. providing weigh bridge facilities;
  11. providing engineering, technical, financial, management, marketing or other services or facilities for industry;
  12. providing medical, health or other allied, services;
  13. providing software or hardware services relating to information technology, telecommunications or electronics including satellite linkage and audio or visual cable communication;
  14. setting up or development of tourism related facilities including amusement parks, convention centres, restaurants, travel and transport (including those at airports), tourist service agencies and guidance and counselling services to the tourists;
  15. construction;
  16. development, maintenance and construction of roads;
  17. providing commercial complex facilities and community centres including conference halls;
  18. floriculture;
  19. tissue culture, fish culture, poultry farming, breeding and hatcheries;
  20. service industry, such as altering, ornamenting, polishing, finishing, oiling, washing, cleaning or otherwise treating or adapting any article or substance with a view to its use, sale, transport, delivery or disposal;
  21. research and development of any concept, technology, design, process or product, whether in relation to any of the matters aforesaid, including any activities approved by the Small Industries Development Bank of India [SIDBI];
  22. such other activity as may be approved by the Small Industries Development Bank of India [SIDBI].


  • WBFC  can lend up to Rs. 8 crore to a proprietary/partnership concern and up to Rs. 20 crore to others.


  • WBFC cannot finance trading activities.


  • WBFC charges fixed rate of interest with quarterly rests and not floating rate.


  • WBFC cannot lend to a body corporate having net worth over Rs. 30 crore.


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