Sign In
Learn bits
Economy
Mahesh

03/06/22 20:23 PM IST

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

In News 
  • 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 15th Finance Commission Cycle (2021-22 to 2025-26). 
Features of the Scheme 
  • 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 the NER and Sikkim.
  • The Scheme envisages financial assistance to State Governments for setting up new and modernization of existing Mini Technology Centres. Projects for creation of common facilities to supplement manufacturing, testing, packaging, R&D, product and process innovations and training for natural resources such as fruits, spices, agriculture, forestry, sericulture and bamboo etc. available in NER and Sikkim would be given priority.
  • Central Government financial assistance will be provided for development of new and existing Industrial Estates, Flatted Factory Complexes. The financial assistance of Government will be 90%. 
Source- PIB 

More Related Current Affairs View All

15 Nov

Government issues guidelines to curb misleading ads by coaching centres

'The central Government issued new guidelines aimed at curbing misleading advertisements by coaching institutes, specifically prohibiting false promises such as "100 per cent selec

Read More

15 Nov

Janjatiya Gaurav Divas

'Every year on November 15th, Janjatiya Gaurav Divas is celebrated to honor the contributions of these communities, especially in India’s freedom struggle.' 5th November

Read More

15 Nov

Supreme Court’s order on mandatory accessibility standards

'A bench of the Supreme Court last week ordered the Union government to frame mandatory rules for ensuring the accessibility of public places and services to persons with disabilit

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps