Summary:
"MSMEs comprise the biggest chunk of industrialization in the northeast and so the focus of this scheme is on this sector. GUWAHATI: Even as Andhra Pradesh continues to press for special category status, the Centre has cleared a Rs 3000-crore special scheme to incentivize the MSME sector and generate employment opportunities in the northeastern states.The Centre took the decision to sanction the special package on Wednesday. He added that this is the only special policy in force in the country.The scheme, called the North-East Industrial Development Scheme' (NEIDS) - 2017, is a successor to the Northeast Industrial Investment Promotion Policy (NEIPP) which the NDA government had suspended in 2014. This sector is also the biggest creator of employment," Assam commerce and industry minister Chandra Mohan Patowary said on Thursday. Also on offer is subsidy of 30 % of the investment in plant and machinery with an upper limit of Rs 5 crore per unit..