Indian Economy News

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

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 the 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 northeast India and Sikkim.

The scheme has the following broad components:

  • Setting up of new and modernization of existing Mini Technology Centres: The scheme intends to provide financial assistance to state governments for the establishment of new and modernization of existing Mini Technology Centres.
  • Development of new and existing Industrial Estates: Central government financial assistance will be provided for development of new and existing Industrial Estates and Factory Complexes.
  • Development of Tourism Sector: The projects for creation of common services such as kitchen, bakery, laundry & dry cleaning, refrigeration and cold storage, IT infra, potable water, display centre for local products, centre for cultural activities etc. in a cluster of home stays may be considered under the scheme.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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