NORTH-EAST INDUSTRIAL DEVELOPMENT SCHEME (NEIDS) 2017

About:

• Background: In March 2018, Union Cabinet approved the North-East Industrial Development Scheme (NEIDS) 2017.
  
  
• Objective: To promote industrialization in the States of the North Eastern Region (NER) including Sikkim and boost employment and income generation.
  
  
• Implementation Period: The scheme has been approved with financial outlay of Rs.3000 crores upto March, 2020.
  
  
• Incentives: Following incentives shall be provided to new MSME industrial units set up in the North Eastern States including Sikkim:
  • Central Capital Investment Incentive for Access to Credit (CCIIAC)
    
    
  • Central Interest Incentive (Cll)
    
    
  • Central Comprehensive Insurance Incentive (CCII)
    
    
  • Goods and Service Tax (GST) Reimbursement
    
    
  • Income-Tax (IT) Reimbursement
    
    
  • Transport Incentive (TI)
    
    
  
  
  
• The overall cap for benefits under all components of incentives will be of Rs. 200 crores per unit.