Interest subsidy on working capital supports eligible North Eastern industrial units, with NEDFi disbursing on State committee recommendations. Central scheme grants an interest subsidy of 3% on working capital advanced to eligible new and substantially expanded industrial units in the North-Eastern Region for up to ten years. Eligibility covers specified service activities, biotechnology and power plants up to 10 MW, subject to exclusions in Annexure-I. NEDFi is the designated disbursing agency acting on State Level Committee recommendations; units must register with the State Industry Department before taking effective steps, comply with working capital norms (minimum 25% of turnover), submit utilization certificates and annual progress reports, and are subject to recovery and relocation restrictions.
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Provisions expressly mentioned in the judgment/order text.
Interest subsidy on working capital supports eligible North Eastern industrial units, with NEDFi disbursing on State committee recommendations.
Central scheme grants an interest subsidy of 3% on working capital advanced to eligible new and substantially expanded industrial units in the North-Eastern Region for up to ten years. Eligibility covers specified service activities, biotechnology and power plants up to 10 MW, subject to exclusions in Annexure-I. NEDFi is the designated disbursing agency acting on State Level Committee recommendations; units must register with the State Industry Department before taking effective steps, comply with working capital norms (minimum 25% of turnover), submit utilization certificates and annual progress reports, and are subject to recovery and relocation restrictions.
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