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CENTRAL SECTOR SCHEME

UPSC CURRENT AFFAIRS | NEW GUIDELINES FOR CENTRAL SECTOR SCHEME PROMOTION OF MSMES IN NORTH EASTERN REGION AND SIKKIM | 06TH JUNE | PIB

/ June, 2022, UPSC Daily Current Affairs

SYLLABUS SECTION: GS III (Governance)

WHY IN THE NEWS?

Recently, the Central Government has approved New Guidelines of Central Sector Scheme Promotion of MSMEs in North Eastern Region and Sikkim | CENTRAL SECTOR SCHEME.

PROMOTION OF MSMES IN NORTH EASTERN REGION AND SIKKIM

  • The Scheme is envisage to provide financial support for enhancing productivity and competitiveness as well as capacity building of Micro, Small and Medium Enterprises (MSMEs) in the NER and Sikkim.
  • The scheme will be implementing during the 15th Finance Commission Cycle (2021-22 to 2025-26).

COMPONENTS OF THE SCHEME:

  1. Setting up of new and modernization of existing Mini Technology Centres:
  • The Scheme envisages financial assistance to State Governments for setting up new and modernization of existing Mini Technology Centres.
  • Projects for the 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
  • Sikkim would be given priority.
  • The financial assistance of the Central Government will be 90%.
  1. Development of new and existing Industrial Estates:
  • Central Government financial assistance will be provided for the development of new and existing Industrial Estates, Flatted Factory Complexes.
  • The financial assistance of the Government will be 90%.
  • The maximum project cost for calculation of assistance shall be Rs.15.00 Crore for the development of a new industrial estate whereas Rs.10.00 crore for the development of an existing Industrial Estate.
  1. Development of Tourism Sector:
  • The projects for the creation of common services such as kitchen, bakery, laundry & dry cleaning, refrigeration and cold storage, IT infra, potable water, display centre for local products, centre for cultural activities etc. in a cluster of homestays may be considered under the scheme.
  • There have to be linkages of projects with local SMEs.

Source: PIB