Central Grant of Subsidy for Industrial Units in the North Eastern Region
The Government of India announced the following
scheme of Central Grants for industrial units located in declared industrial
estate areas or specified type of industries (Annexure - 2).
will be effective from the 24.12.1997 and remain in force upto 31.03.2007.
1. Central Capital Investment Subsidy :
@ 15% of
their investment in respect of new unit or 15% of the additional investment in
respect of substantial expansion (in Plant and Machinery) subject to a maximum
ceiling of Rs. 30 lakhs.
Interest Subsidy :
@ 10% on the working
capital advanced to the industrial units by the scheduled banks, Central / State
Financial institution for a maximum period of 10 (ten) years from the date of
commencement of production.
Comprehensive Insurance Subsidy :
reimbursement of the initial premium paid.
Excise Duty :
Refund of the amount of duty paid from
the account current during the month under- consideration to the manufacturer,
by the 15th of the next month.
5. Central Transport Subsidy :
6. Support of NEC for Promotion of Industrialisation of North Eastern States :
@25% of the Project Cost subject to a maximum limit of Rs.50 lakhs to small and tiny sector of industries with projects upto Rs500 lakhs.