Our Correspondent
Kohima | April 6
The State Industrial Policy 2000 was revised in 2004 in order to provide better facilities to entrepreneurs/industrialists for promotion enterprises both in manufacturing and service sectors.
Some of the main objectives of the policy are, to create condition for rapid industrial development and conducive investment climate, create gainful employment opportunities for local population, develop human resources and bring about improvement on the quality of life by promoting industrial ventures in sectors in which the state has a comparative advantages, develop entrepreneurial and other technical skills of the available human resources, develop industrial infrastructure in selected areas, promote export oriented units with a view to exploit the emerging market opportunities in the neighboring countries and to provide investor friendly environment by removing procedural bottleneck and legal hurdles etc.
This was stated in Annual Administrative Report of 2016-17 of Industries & Commerce Department tabled in the just concluded state assembly session by Parliamentary Secretary for Industries & Commerce Amenba Yaden.
So far the department is receiving claims from only two sectors i.e power subsidy and manpower subsidy. 25 % of the actual wage bill is reimbursed to industrial units with more than 10 employees and where at least 50% are local tribal youth.
Units availing subsidy under this scheme shall take all effective steps to ensure 75% employment of local tribal youth over the period of five years. This facility is made available to units for a period of three years as decided by Directorate Level Industrial Facilitation Committee meeting held on January 9, 2008 from the date of entertainment subject to a maximum ceiling of Rs. 1 lakh annually for those units where the investment in plant and machinery is from Rs. 5 lakh to Rs. 25 lakh, Rs. 2.50 lakh annually for those units where the investment in plant and machinery is from Rs. 25 lakh to Rs. 100 lakh and Rs. 5 lakh annually for those units where the investment in plant and machinery is above Rs. 100 lakh. This subsidy will be admissible on reimbursement basis for those employees who complete one year of regular employment in the unit.
The report stated that the total claims to be cleared by the department till date were 1712 units amounting to Rs. 61, 52, 66, 590 under manpower subsidy and 18 claims for power subsidy amounting to Rs. 29, 42, 000 respectively. No funds has been given for implementation of State Industrial Policy during 2013-14, 2014-15. 2015-16 and 2016-17 respectively, the report stated.
INCENTIVE SCHEMES
Power subsidy: Subsidy on power tariff @ 30% & 25% given for connected loads upto IMW & above 1MW respectively for a period of five years from the date of commercial production subject to a maximum ceiling limit of Rs. 2 lakh annually.
Drawal of power line: Cost of drawal of 33/11 KV line to eligible units loaded outside the notified areas shall be reimbursed for one time only subject to ceiling of Rs. 2 lakh (Now as per NEIIPP-2007 anywhere in the state).
Subsidy for feasibility study cost: Subsidy @ 50% of the cost of DPR subject to a ceiling of Rs. 1 lakh is eligible for new units with investment in plant & machinery above Rs. 25 lakh.
Manpower survey: 25% of the actual wage bill for local tribal employees employed by eligible units for three years from the date of entertainment subject to a maximum ceiling of Rs. 1 lakh annually for those units where the investment in plant and machinery is from Rs. 5 lakh to Rs. 25 lakh, Rs. 2.50 lakh unit annually for units where the investment in plant & machinery is from Rs. 25 lakh to Rs. 100 lakh and Rs. 5 lakh annually for units where the investment in plant and machinery is above Rs. 100 lakh.
Subsidy for quality control measures: Cost of laboratory equipment for the purpose of quality control and ISI/BIS/ISO 9000 certification is reimbursed subject to a maximum ceiling of Rs. 50,000 in case of small scale and Rs. 1 lakh in case of medium and large units.
Stamp duty exemption: 50% stamp duty and registration fee for securing loans from financial institutions including mortgage of fixed assets are exempted from the Stamp Duly Act for a period of five years.
Stipendiary Support for EDP: Rs.500 p.m. per trainee is provided from 100 youths annually for training period not less than 3 months duration.
