NEID SCHEME (Download PDF)

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North East Industrial Development Scheme (NEIDS), 2017 will catalyse the industrial development in the North Eastern Region including Sikkim It has come into force from 01.04. 2017 and will remain in force up to 31.03. 2022.

Image Of Devel;oment Scheme

Image Of Devel; Oment Scheme

Image Of Devel; oment Scheme

Time Period

It has come into force from 01.04. 2017 and will remain in force up to 31.03. 2022.

Places It Covers

  • It covers eligible industrial units in the manufacturing and service sectors Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim.

  • The scheme provides for Central Capital Investment Incentive for access to credit, Central Interest Incentive, Central Comprehensive Insurance Incentive, Goods and Services Tax Reimbursement, Income Tax Reimbursement, Transport Incentive; and Employment Incentive to the extent indicated in the gazette notification against each of the components.

Scheme Provides:

  1. Central Capital Investment Incentive (30 % of the investment in plant & machinery with an upper limit of Rs. 5 crore),

  2. Central Interest Incentive (3 % interest on working capital for 5 years),

  3. Central Comprehensive Insurance Incentive (Reimbursement of 100 % insurance premium for 5 years),

  4. Income Tax Reimbursement of center’s share for 5 years,

  5. GST reimbursement of Central Govt. share of CGST & IGST for 5 years,

  6. 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 and

  7. Transport incentive on finished goods movement by Railways (20 % cost of the transportation), by Inland Waterways Authority (20 % of the cost of transportation) & by air (33 % of cost transportation of air freight).

  8. The Scheme does not envisage sanction of projects; rather, eligible units are registered after following due process.

  • In order to promote employment in the North East States, Government is incentivizing primarily the MSME Sector through this scheme. Government is also providing specific incentive through the scheme to generate employment

  • All eligible industrial units, which are getting benefits of one or more components of other schemes of the Government of India, will also be considered for benefits of other components of this scheme.

Financial Approval

The total approved outlay of NEIDS is Rs. 3000 crore. No claims have been raised under the scheme so far and as such, there is no release and utilization of funds under the Scheme.

- Published/Last Modified on: February 11, 2019

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