Current Affairs

Efficacy of NEIDS in North East

Ministry of Development of North-East Region

azadi ka amrit mahotsav

Posted On:

04 APR 2022 4:33PM by PIB Delhi

Feedback has been received on North East Industrial Development Scheme (NEIDS), 2017 from various Industry Associations including Federation of Industry and Commerce of North Eastern Region (FINER) besides the State Governments.

One of main concerns expressed by FINER was delay in grant of registration to the industrial units under NEIDS, 2017. Since then the process has been further streamlined. States have been requested to forward the proposals from District Industries Centres and State Nodal Authorities in a time bound manner. Empowered Committee (EC) meeting is held on a monthly basis. So far 530 proposals with projected investment of about Rs. 3343 crore have been approved by the EC. Approved investments take 1-2 years to fructify or reach commercial production stage.

The Development Monitoring and Evaluation Office (DMEO), NITI Aayog has been entrusted with the evaluation study of the NEIDS, 2017, as per Department of Expenditure’s guidelines issued vide OM F. NO. 42(02)/PF-II/2014 dated the 08.12.2020 for formulation and approval of public funded schemes.

This information was given by Minister for Ministry of Development of North Eastern Region Shri.G.Kishan Reddy in a written reply in the Lok Sabha today.