<h1>Union Cabinet Approves NEIDS 2017: Rs. 3000 Crore Boost for North East MSMEs with Incentives for Growth and Jobs.</h1> The Union Cabinet, led by the Prime Minister, approved the North East Industrial Development Scheme (NEIDS) 2017, allocating Rs. 3000 crores until March 2020, with further funding contingent on assessment. Aimed at boosting employment in the North East, the scheme primarily targets the MSME sector, offering incentives such as a 30% Central Capital Investment Incentive, 3% Central Interest Incentive, full insurance premium reimbursement, GST and income tax reimbursements, transport incentives, and employment incentives. The scheme caps benefits at Rs. 200 crores per unit, intending to stimulate industrial growth and job creation in the region, including Sikkim.