MSME Ministry Issues Guidelines for MSME Promotion in North East Region

The Ministry of Micro, Small and Medium Enterprises (MoMSME) has issued guidelines for Promotion of MSMEs in the north eastern region and Sikkim of the central sector scheme “Technology and Enterprise Resource Centres”.

With this objective  in mind,  a special scheme for 'Promotion of MSMEs in North  Eastern  Region and Sikkim'  was  approved  on August 02, 2016.

After  merger of the four Schemes viz. (i) Tool  Room and Technical  Institutions;  (ii) Promotion  of MSMEs  in North Eastern Region and Sikkim; (iii) Infrastructure  Support to MSME-Testing  Centres/ Testing Stations/  Training  Institutes/  Workshop  & MSME  Development   Institutes  (Field Institutes)  and (iv) Capital Outlay on Public Works,  a new Central Sector Scheme of "Technology  and Enterprise  Resource Centres"  was formulated  and the same was  appraised  by the EFC in its meeting  held on  January 16, 2018.

The Scheme has been approved by the Competent Authority. The sub-components of the scheme are to - Set up of new and modernization  of existing Mini Technology  Centres; Development  of new and existing Industrial  Estates; Capacity  Building  of Officers along with some other activities.

For scheme for Setting up of new and modernization of existing Mini Technology Centres envisages financial assistance to State Governments for setting up new and modernization of existing Mini Technology  Centres.

The quantum of financial assistance will be equal to 90% of the cost of machinery/ equipment/ buildings, not exceeding Rs. 10.00 crore.

However, the Government of India funding would not be admissible towards cost of land and building’s cost will be maximum to the extent of 20% only.