NEW DELHI, July 7 - Employment-generating industrial and other units in the Northeast will be given incentives by the Government, DoNER Minister Jitendra Singh said today.
The Ministry for Development of North Eastern Region (DoNER) will offer subsidy incentives in the North East for industrial and other units generating employment as a policy to encourage them, he said here.
Singh said that as a policy, the ministry will encourage such entrepreneurship and business establishments which generate employment for youth in the region, an official release said.
For this purpose, he said, the assistance to North Eastern Development Finance Corporation would incorporate a component of higher interest subsidy for such units which give more employment. The DoNER Ministry is coordinating with Union Ministry of Finance in this regard.
Spelling out the action plan for the year to come, the Minister gave details of venture capital funds as another incentive for those undertaking �Startup� initiatives in the region. This will be an added attractive feature for youth from all over India who wish to avail the benefit of the Prime Minister�s �Startup India, Standup India� programme by setting up an establishment in North East.