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.