New Guidelines for Central Sector Scheme “Promotion of MSMEs in North Eastern Region and Sikkim” for enhancing productivity and competitiveness

What is the News?

The Central Government has approved New Guidelines of Central Sector Scheme “Promotion of MSMEs in North Eastern Region(NER) and Sikkim”.

What is the “Promotion of MSMEs in the North Eastern Region and Sikkim” Scheme?

Nodal Ministry: Ministry of Micro, Small & Medium Enterprises(MSME)

Type: Central Sector Scheme

Aim: 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. 

Components of the Scheme

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. The financial assistance of the Central Government will be 90% with maximum assistance up to 13.50 crore.

Development of new and existing Industrial Estates: The financial assistance will be provided for the development of new and existing Industrial Estates and Flatted Factory Complexes. The financial assistance of the Government will be 90%. 

Development of Tourism Sector: The financial assistance will be provided for the creation of common services such as kitchen, bakery, laundry & dry cleaning, refrigeration and cold storage among others. The financial assistance of the Government will be 90% with maximum assistance limited to Rs. 4.50 crore.

Source: The post is based on the article “New Guidelines for Central Sector Scheme “Promotion of MSMEs in North Eastern Region and Sikkim” for enhancing productivity and competitiveness” published in PIB on 2nd June 2022.