The Central Government has approved New Guidelines of Central Sector Scheme “Promotion of MSMEs in North Eastern Region and Sikkim”. The scheme will be implemented during 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 NER and Sikkim. The scheme has following components;
1. Setting up of new and modernization of existing Mini Technology Centres:
The Scheme envisages financial assistance to State Governments for setting up new and modernization of existing Mini Technology Centres. Projects for creation of common facilities to supplement manufacturing, testing, packaging, R&D, product and process innovations and training for natural resources such as fruits, spices, agriculture, forestry, sericulture and bamboo etc. available in NER and Sikkim would be given priority. The financial assistance of Central Government will be 90%. The projects with total project cost more than Rs. 15.00 crore, will also be considered but maximum assistance shall be limited to Rs. 13.50 crore.
For more information also read- https://smeventure.com/prime-ministers-employment-generation-programme/
2. Development of new and existing Industrial Estates MSMEs in North:
Central Government financial assistance will be provided for development of new and existing Industrial Estates, Flatted Factory Complexes. The financial assistance of Government will be 90%. The maximum project cost for calculation of assistance shall be Rs.15.00 Crore for development of new industrial estate whereas Rs.10.00 crore for development of existing Industrial Estate. The projects with total project cost more than Rs.10.00/15.00 crore, will also be considered but maximum assistance shall be limited to Rs. 9.00/13.50 crore as the case may be.
Do watch – https://www.youtube.com/watch?v=i0NkI9k59Ko