NORTH-EAST INDUSTRIAL DEVELOPMENT SCHEME (NEIDS) 2017

Dec. 28, 2018

Union Minister of State of Commerce and Industry informed Lok Sabha about the status of 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.

Source : PIB