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TMI BlogCentral Capital Investment Subsidy Scheme, 2007X X X X Extracts X X X X X X X X Extracts X X X X ..... ess otherwise specified, all new industrial units as well as existing units which go in for substantial expansion and are located anywhere in NER, will be eligible for capital investment subsidy under this Scheme. The Scheme will also be applicable to the following service sector activities/industries: - I. Service Sector: (i) Hotels (not below Two Star category), adventure and leisure sports including ropeways ; (ii) Medical and health services in the nature of nursing homes with a minimum capacity of 25 beds and old-age homes ; (iii) Vocational training institutes such as institutes for hotel management, catering and food crafts, entrepreneurship development, nursing and para-medical, civil aviation related training, fashion, design and industrial training. II. Bio-technology industry III. Power Generating Industries: Power Generating plants upto 10 MW based on both conventional and non-conventional sources. 3.(a). The Scheme shall not be applicable to the industries listed in Annexure-I 4. Definitions: (a) Industrial unit means any industrial undertaking, suitable servicing unit other than that run departmentally by Gov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ished products, will be taken into account. (iii) Working capital including raw materials and other consumables stores, will be excluded for computing the value of plant and machinery. 6(a). Definition of Plant and Machinery and components which should be taken in to account for the purpose of this Scheme in respect of Service Sector, Bio-technology industry Power Generating industries referred to in para 3 (I), (II) (III) above would be notified separately. 7. Designated Agency for disbursement of subsidy North Eastern Development Financial Corporation (NEDFi), Guwahati shall be the designated nodal agency for disbursement of capital investment subsidy under the Scheme on the basis of the recommendation of State Level Committee (SLC) of the concerned State Government, the Empowered Committee and the Union Cabinet, as the case may be. 8. Procedure for claiming capital investment subsidy Industrial units eligible for subsidy under the Scheme will be required to get themselves registered with the State Industry Department concerned prior to taking effective steps for setting up new industrial units or undertaking substantial expansion of exis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the amount of the subsidy payable/paid to the units. In respect of new industrial unit or in respect of substantial expansion of an existing industrial unit to be assisted by a financial institution, the subsidy will be disbursed to the unit by NEDFi in as many instalments in which the loan is disbursed by the financial institution and simultaneously claimed by the Financial Institution/State Government from NEDFi. 12. Rights of the Centre/State Government/Financial Institutions If the Central Government/State Government/Financial Institution concerned is satisfied that the subsidy to an industrial unit has been obtained by misrepresentation as to an essential fact, furnishing of false information or if the unit goes out of production within 5 years after commencement of commercial production, the Central Government/State Government/NEDFi may ask the unit to refund the grant or subsidy after giving an opportunity to the unit of being heard. 13. Without taking prior approval of the Union Ministry of Commerce Industry (Department of Industrial Policy and Promotion) /State Government/Financial Institution concerned, no owner of an industrial unit after receiving a p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... romotion, Ministry of Commerce and Industry, Government of India Chairman (ii) Secretary, Ministry of Development of North Eastern Region, Government of India. Member (iii) Secretary, Department of Expenditure, Ministry of Finance, Government of India. Member (iv) Representative of Planning Commission. Member (v) Secretary of the concerned Ministry/ Department of Government of India dealing with the subject matter pertaining to the proposal under consideration of the Empowered Committee. Member (vi) Chief Secretary/ Secretary (Industry) of the concerned North East State where the claiming unit is located/ proposed to be located. Member (vii) Chairman-cum-Managing Director, North Easte ..... X X X X Extracts X X X X X X X X Extracts X X X X
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