The Central government has approved New Guidelines of Central Sector Scheme “Promotion of MSMEs in North East Region and Sikkim”.
The scheme will be implemented during the 15th Finance Commission cycle (2021-22 to 2025-26).
The scheme is envisaged to provide financial support for enhancing the productivity and competitiveness as well as capacity building of Micro, Small and Medium Enterprises (MSMEs) in the North East and Sikkim.
The scheme envisages financial assistance to State governments for setting up new and modernisation of existing Mini Technology Centres. Projects for creation of common facilities to supplement manufacturing, testing, packaging, Research and Development, product and process innovations and training for natural resources such as fruits, spices, agriculture, forestry, sericulture and bamboo etc available in the North East would be given priority.
The financial assistance of the Central government will be 90 per cent. The projects with total project cost more than Rs 15 crore, will also be considered but maximum assistance shall be limited to Rs 13.50 crore.
Further, Central government financial assistance will be provided for development of new and existing industrial estates and flatted factory complexes. The financial assistance of the government will be 90 per cent. The maximum project cost for calculation of assistance shall be Rs 15 crore for development of new industrial estate whereas Rs 10 crore for development of existing industrial estate.
The projects with total project cost more than Rs10 crore to Rs 15 crore, will also be considered but maximum assistance shall be limited to Rs 9 crore to Rs 13.50 crore as the case may be.
For development of tourism sector, the scheme will provide assistance for creation of common services such as kitchen, bakery, laundry and dry cleaning, refrigeration and cold storage, IT infra, potable water, display centre for local products, centre for cultural activities etc in a cluster of home stays may be considered under the scheme. There has to be linkages of projects with local MSEs. The financial assistance of the Central government will be 90 per cent for projects with maximum assistance limited to Rs 4.50 crore.
