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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