Central Government Incentives
Commerce & Industries Department
Government of Mizoram
Department for Promotion of Industry and Internal Trade (DPIIT)
Ministry of Commerce and Industry, Government of India
About NEIDS
The North East Industrial Development Scheme (NEIDS) is a comprehensive initiative launched by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India, to promote industrial development in the North Eastern Region.
Investors must register and apply for incentives/subsidies under NEIDS at:
https://ncog.gov.in/neind/login.phpGeneral Eligibility Criteria
- All new industrial units in manufacturing sector and services sector
- Biotechnology units
- Hydel Power Generation Units up to 10 MW
- Units must be located in the North Eastern Region
- Eligible industrial units can avail benefits under one or more components of the scheme
- Units can get benefits even if receiving benefits under other Government of India schemes
Total benefits from all components combined shall be limited to:
• Total investment in plant and machinery
• Subject to a maximum limit of Rs. 200 crores per unit
Central Capital Investment Incentive for Access to Credit CCIIAC
Unless otherwise specified, all new industrial units in manufacturing sector, services sector, Biotechnology, and Hydel Power Generation Units up to 10 MW located in North Eastern Region
- 30% of the investment in plant and machinery
Central Interest Incentive CII
Unless otherwise specified, all new industrial units in manufacturing sector, services sector, Biotechnology, and Hydel Power Generation Units up to 10 MW located in North Eastern Region
- Interest incentive @ 3% on working capital credit advanced by Scheduled Banks or Central/State financial institutions
- Applicable for first 5 years from date of commencement of commercial production/operation
- Incentive restricted to ensure subsidized interest rate is not below the Marginal Cost of funds-based Lending Rates (MCLR) of the lending institution
- Working capital requirement capped at 25% of annual turnover
Central Comprehensive Insurance Incentive CCII
Unless otherwise specified, all new industrial units in manufacturing sector, services sector, Biotechnology, and Hydel Power Generation Units up to 10 MW located in North Eastern Region
- 100% reimbursement of insurance premium on insurance of building and Plant & Machinery
- Maximum period of 5 years from date of commencement of commercial production/operation
Goods and Services Tax (GST) Reimbursement GST
Unless otherwise specified, all new industrial units in manufacturing sector, services sector, Biotechnology, and Hydel Power Generation Units up to 10 MW located in North Eastern Region
- Reimbursement of GST paid on finished products manufactured in North Eastern Region
- Up to the extent of central share of CGST and IGST
- Period of 5 years from date of commencement of commercial production
- Condition: Applicable only on net GST paid, other than amount paid by utilization of Input Tax Credit under Input Tax Credit Rules, 2017
Income Tax (IT) Reimbursement IT
Unless otherwise specified, all new industrial units in manufacturing sector, services sector, Biotechnology, and Hydel Power Generation Units up to 10 MW located in North Eastern Region
- Reimbursement of central share of income tax
- Applicable for first 5 years, including the year of commencement of commercial production by the unit
Transport Incentive TI
Unless otherwise specified, all new industrial units in manufacturing sector, services sector, Biotechnology, and Hydel Power Generation Units up to 10 MW located in North Eastern Region
Incentive on transportation of finished goods only for 5 years from commencement of commercial production/operation, subject to production of actual receipts:
- By Railways/Railway PSUs: Up to 20% of cost of transportation (including current railway incentives) from railway station nearest to industrial unit to railway station nearest to buyer
- By Inland Waterways: 20% of cost of transportation through Inland Waterways Authority of India from port nearest to industrial unit to port nearest to buyer
- By Air Freight: 33% of cost of transportation by scheduled airlines and NSOP holders (approved by DGCA) for perishable items/goods (as defined by IATA) from airport nearest to place of production to any airport within country nearest to buyer
Employment Incentive EI
Unless otherwise specified, all new industrial units in manufacturing sector, services sector, Biotechnology, and Hydel Power Generation Units up to 10 MW located in North Eastern Region
- DPIIT shall pay additional 3.67% of employer's contribution to Employees' Provident Fund (EPF)
- This is in addition to Government bearing 8.33% Employee Pension Scheme (EPS) contribution of employer in Pradhan Mantri Rojgar Protsahan Yojana (PMRPY)