State Profile of Nagaland

State Industrial Policy-2000 (Revised-2004)

The Ministry of Food Processing Industries (MOFPI)

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Subsidy on power will be provided at the rate of 30% and 25% for connected loads up to 1 MW and above 1 MW respectively for a period of five years from the date of commercial production subject to a maximum ceiling limit of ` 2.00 lakh annually. This will be a reimbursement scheme on actual consumption of power for manufacturing process substantiated with requisite details.

Drawal of Power Line: Cost of drawal of 33/11 KV line to eligible units located outside the notified areas shall be reimbursed for one time only subject to a ceiling of `2:00 lakh (now as per NEIIPP-2007, anywhere in the State)

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50% Stamp Duty and Registration Fee for securing loans from Financial Institutions including Mortgage of fixed assets shall be exempted from the Stamp Duty Act for a period of 5 (five) years

Government will reimburse upto 25% of the actual wage bill for local tribal employees employed by eligible units upto three years from the date of entertainment subject to a maximum ceiling of Rs.1.00 lakh annually. This grant would be for a period of five years from the date of entertainment of such staff and would be given to those units where the investment in plant & machinery exceeds Rs.10.00 lakh and the number of employees engaged in the unit exceeds 20 (twenty) numbers and where the at least 50% of the employees are local tribal youth. Units availing subsidy under this scheme shall take all effective steps to ensure 75% employment of local youth over a period of five years. This subsidy will be admissible on reimbursement basis for only those employees who complete one year of regular employment in the unit.

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Subsidy will be available at the rate of 50% of the cost of Detailed Reports subject to a ceiling of Rs.1.00 lakh, which shall be eligible only for new units with investment in plant & machinery above Rs.25 lakh provided the report is prepared by a Government approved Industrial Consultants.

An additional 5% capital investment subsidy subject to a maximum ceiling of Rs.3.00 lakh.

Cost of laboratory equipment for the purpose of quality control and ISI/BIS/ISO 9000 certification will be reimbursed subject to a maximum ceiling of Rs.50,000/- in cases where it does not form part of the project cost for SSI and Rs.1.00 lakh in case of Large & Medium unit.