- It is a Central Sector Scheme for the development of industries and generation of employment in the states of the Northeast Region.
- Objective: To generate gainful employment, which will lead to the area’s overall socio-economic development and productive economic activity in the manufacturing and service sectors.
- Key features of the scheme
- Scheme period: 10 years along with 8 years of committed liabilities.
- Eligibility: All new Industrial units and Expanding units.
- Maximum eligible benefits to one unit from all components: Rs. 250 Crore.
- Green industries like EV charging stations are on the positive list, while cement, plastic, and others are on the negative list.
- Districts are categorized in two zones: Zone A (Industrially Advanced Districts) & Zone B (Industrially Backward Districts)
- Divided into two parts: Part A, caters to the incentives for the eligible units, and Part B, is for implementation and institutional arrangements for the scheme.
- Earmarking of funds: 60% of the outlay of Part A has been earmarked to 8 Northeastern states and 40% on First-In-First-Out basis.
- Implemented by: the Department for Promotion of Industry and Internal Trade (DPIIT) in cooperation with the states.
Other Schemes for Development in North East Region
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