North East Industrial Development Scheme (NEIDS)

Join our Telegram Channel for Regular Updates

IAS Prelims 2019: 2000 Solved MCQ for GS Paper

Important topics for UPSC IAS Prelims Exam 2019

IAS Prelims Exam 2019 Quiz-3

UPSC IAS Prelims 2019 Quiz-2

IAS Prelims Exam 2019 Practice Test-1

Indian Geography Question Bank 1000+

History of India Question Bank

Indian Polity Question Bank

10 Practice Set-IAS Prelims Exam 2019 GS Paper-I

Indian Polity Test Series for IAS Prelims 2019

IAS Prelims 2019 Test Series: 10 Practice Set with 500+ Current Affairs MCQ

IAS Prelims Exam 2019: Current Affairs Study Notes with MCQ

IAS Prelims Exam 2019 Important Study Notes GS Paper-I

IAS Prelims Exam 2019 GS Paper-1

UPSC IAS Prelims Test Series-2019 Updated

Important Study Notes IAS Prelims 2019

Modern History of India Study Notes With MCQ

Geography of India Study Notes for Competitive Exams

IAS Prelims Exam 2019: Current Affairs Study Notes with MCQ

NEIDS: North East Industrial Development Scheme (NEIDS), 2017

  1. It covers eligible industrial units in the manufacturing and service sectors in Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim.
  2. It will help in promotion of Industrialization in North-East Region that will give boost to the employment and income generation.
  3. Total Outlay for the scheme is Rs 3000 cr with the time period extending from April 2017-March 2022.
  4. It comes under Department of Industrial Policy & Promotion, Ministry of Commerce & Industry
  5. The scheme provides for various soaps such as:
  6. Up-to Rs 5 Crore for 30% of the investment in plant & machinery as Central Capital Investment Incentive. Similarly, an interest incentive of 3% would be provided on working capital for 5 years as Central Interest Incentive.
  7. Reimbursement of 100% insurance premium for 5 years known as Central Comprehensive Insurance Incentive
  8. Employment Incentive under which additional 3.67% of the employer’s contribution to EPF in addition to Govt. bearing 8.33% Employee Pension Scheme (EPS) contribution of the employer in PMRPY.
  9. Income tax (Centre’s Share) and GST (of CGST & IGCST only) reimbursement for 5 years.
  10. Transport incentive on finished goods movement by Railways, Inland Waterways Authority & by air from the station/port/airport nearest to unit to the station/port/ airport nearest to the destination point.
  11. Also, under this scheme, a single unit can avail overall benefits up to Rs. 200 Crores.

Leave a Reply