MANU/INDP/0003/2023

Ministry : Ministry of Commerce and Industry

Department/Board : Promotion of Industry and Internal Trade

Notification No. : P-44020/3/2021-DBA-II

Date of Notification : 31.01.2023

Date of Publication : 31.01.2023

Notification/ Circulars Referred : Notification No. 6(2)98-DBA-II dated 19th February, 1999 MANU/CNBN/0770/1999

Citing Reference:
Notification No. 6(2)98-DBA-II dated 19th February, 1999 MANU/CNBN/0770/1999  Modified

Central Government makes amendment in the Government of India Notification No. 6(2)98-DBA-II dated 19th February, 1999

F. No. P-44020/3/2021-DBA-II.--The Central Government hereby makes the following amendment in the Government of India Notification No. 6(2)98-DBA-II dated 19th February, 1999 titled 'Central Interest Subsidy Scheme, 1997'. The amendment shall come to effect from 18.06.2014.

2. W.e.f. 18.06.2014 clause 5 of the extent of admissible subsidy shall be read as under:

"5. Extent of admissible subsidy."

For new units: all eligible industrial units located anywhere in the North East Region shall be given an interest subsidy to the extent of 3% on the working capital advanced to them by the Scheduled Banks or Central State financial institutions for a maximum period of 10 (ten) years from the date of commencement of commercial production.

For existing units undergoing substantial expansion: the quantum of interest subsidy eligible in the case of an existing industrial unit which has gone for substantial expansion will be 3% of the increase in working capital l........