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Schemes for Development of Industries in North-Eastern Regions

The Government has announced a fiscal package of incentives namely North East Industrial Policy (NEIP), 1997 for development of industries in North Eastern Region. A fresh package of incentives has been announced under North East Industrial and Investment Promotion Policy (NEIIPP), 2007 to give further boost to industrialization in North East Region.Benefits available under NEIIPP, 2007 include Central Capital Investment Subsidy, Central Interest Subsidy, Central Comprehensive Insurance Subsidy and Tax concessions/excise duty benefits.

Additionally, the Government is also providing Transport Subsidy on transportation of Raw Material/Finished Goods.

Details of funds released and utilized to the north-eastern region for the last three years and current year under various schemes is Annexed.

ANNEXURE

(Rs. in crore)

Name of the Scheme

2010-11

2011-12

2012-13

2013-14

Total

Amount Disbursed to the beneficiary industrial unitsupto 28.02.2013.

Transport Subsidy

353.42

331.03

215.57

Nil

900.02

830

Capital Investment Subsidy

45.45

43.55

86.1

Nil

175.1

153

Central Interest Subsidy

25.49

16.44

13.7

Nil

55.63

53.92

Comprehensive Insurance Scheme

4

Nil

Nil

Nil

4

4

Other Schemes for NER

0.05

Nil

 Nil

Nil

0.05

0.05

TOTAL

428.41

391.02

315.37

Nil

1134.8

1040.97

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