To promote industrialization in the North East (NE) States and boost employment and income generation, a new Scheme called the North East Industrial Development Scheme (NEIDS), 2017, was notified on 12.04.2018, effective from 01.04.2017 to 31.03.2022. The scheme covers manufacturing and service sectors and encourages MSME growth. Information technology facilitates proposal processing and payment approval.

The North East Industrial and Investment Promotion Policy (NEIIPP), 2007, was in effect from 1.4.2007 to 31.03.2017, aimed at regional industrialization. Although the policy ended on 31.03.2017, units commencing commercial production by then continue to receive benefits.

30% of investment in Plant & Machinery.

3% of the working capital credit for the first 5 years.

100% insurance premium reimbursement on building and Plant & Machinery for 5 years.

Centre’s share of income tax reimbursement for the first 5 years.

Reimbursement of Central Govt. share of CGST and IGST for 5 years.

Additional 3.67% of employer’s EPF contribution under PMRPY.

20%/33% of transportation cost for rail, inland waterways, and air transport of perishable goods.

Contact

Subscribe to our newsletter