December 27, 2018
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Industrial incentive scheme grants capital, interest, insurance, tax and transport incentives to registered eligible units under registration rules.
NEIDS provides a package of central incentives for eligible industrial units in the eight North Eastern states, comprising capital investment support, an interest incentive on working capital, reimbursement of insurance premiums, reimbursement of the central share of income tax and GST, employer social security contribution support as an employment incentive, and transport cost incentives for finished goods moved by rail, inland waterways and air. Benefits are accessed through registration rather than project sanction, subject to a per unit overall ceiling and the Scheme's approved financial outlay; to date one unit is registered and no claims have been released.