Kolkata, March 20 -- The West Bengal government is set to discontinue the existing incentive schemes and introduce a new, relevant policy in due course.

State Industries Minister Shashi Panja tabled the Revocation of West Bengal Incentive Schemes and Obligations in the Nature of Grants and Incentives Bill 2025 at the assembly on Wednesday.

Chief Minister Mamata Banerjee stated that the current scheme, introduced in 2001-02 during the Left Front government's tenure, has become difficult to sustain.

She pointed out that the state is still bearing financial commitments made earlier, including compensation for land acquired during the previous regime. "A lot of incentives were promised without considering the position of the exchequer," Ba...