MANU/INDP/0026/2016
Ministry : Ministry of Commerce and Industry
Department/Board : Industrial Policy and Promotion
Notification No. : 10(3)/2007-DBA-II/NER
Date of Notification : 22.11.2016
Date of Publication : 24.11.2016
Notification/ Circulars Referred : Notification No.10(3)/2007- DBA.II/NER dated 27.7.2007 MANU/INDP/0084/2007
Citing Reference:
Notification No.10(3)/2007- DBA.II/NER dated 27.7.2007 MANU/INDP/0084/2007 Referred
Revision of North East Industrial and Investment Promotion Policy, 2007 for new industrial units
No. 10(3)/2007-DBA-II/NER.--The Government had approved a package of incentives and concessions to promote industrialization and investment in the North East Region (including Sikkim) under the "North East Industrial and Investment Promotion Policy, 2007", notified vide O.M. No. 10 (3)/2007- DBA.II/NER dated 1st April, 2007. In pursuance of the above policy, the Central Interest Subsidy Scheme, 2007 and Central Capital Investment Subsidy Scheme were notified vide Notification No.10(3)/2007- DBA.II/NER dated 27.7.2007.
2. Pending review of the outcome of the implementation of the Policy, registration of new industrial units was suspended w.e.f. 1.12.2014.
3. It has now been decided by the Government to revise the above Policy for the industrial units which had commenced production on or after 1.12.2014 (hereinafter referred to as 'the new industrial units'). The units registered before 1.12.2014 would continue to get benefits as per pre-revised norms. The new industrial units who are eligible for registration are, therefore, now invited to register themselves and avail the following benefits as per revised norms of subsidy. The suspended registration process is, therefore, being resumed with immediate effect.
A. Revision of Central Interest Subsidy Scheme for new units:
The subsidy will be provided in terms of the scheme notified vide Notification No.10(3)/2007- DBA.II/NER dated 27.7.2007 except that the interest subsidy will be available only on term loans of 5-10 years maturity taken to finance capital expenditure on setting ........