State Profile of Mizoram

• Mizoram Industrial Policy 2012

• North Eastern Development Finance Corporation Limited (NEDFI)

• Not Available

• Only for new MSME unit for a period of 5 years:.

  • 60% of total expenditure on power consumption in case of micro enterprises

  • 50% of the total expenditure on power consumption in case of small enterprises

  • 30% of the total expenditure on power consumption in case of medium enterprises

  • Subsidy on Power Plant: 50% of the actual expenditure to a ceiling of INR 50,000/-per unit

  • 50% of the cost of Captive generating set and installation charge thereof subject to a ceiling of INR 3,00,000/- per unit

• 90 per cent in case of micro enterprises subject to a ceiling of INR 5,000/- per unit.

• T75 per cent in case of small enterprises subject to a ceiling of INR 25,000/- per unit

• 50 per cent in case of medium enterprises subject to a ceiling of INR 50,000/- per unit

• Only for new Industrial Unit for a period of 5 years:

  • The interest on loan paid by an industrial unit in excess of 8.5% shall be subsidized up to a maximum of 4%

  • Subsidy shall be limited to a claim on a total amount not exceeding INR 3,60,000/-paid by an industrial unit towards interest on term loan in a full year. However, for working capital loan, the total amount paid towards interest on which subsidy can be claimed shall be limited to INR 1, 20,000/- in a full year.

  • If the unit avail interest subsidy under NEIIPP, only the shortfall amount, if any, will be applicable for interest subsidy on working capital loan

• Not Available

• Not available

• For New MSME unit for a period of 5 Years:

  • 50% of the actual cost of transportation by railway or on road or both of plants and machineries

Land related concessions

• Govt. of Mizoram is mandated in giving sustainable employment and introducing better utilization of land by introducing New Land Use Programme (NLUP). The NLUP aimed at increasing Agriculture, Horticulture and livestock produce, better utilization of forest resources, plantation and development of Micro Enterprises at the rural level At the Notified industrial area

• 25% of the lease charge/fee of allotted developed/undeveloped land will besubsidized for a period of 5 years unless the claimable amount is not adjusted atthe time of payment of such fee or charges

• 25% of the amount spent by the unit on development of undeveloped land allotted to the unit will be subsidized

• Rent Subsidy: 50% of the duly assessed rent of factory Shed subject to a ceiling of INR 30,000 per unit per year

Skill Development / Human Resource Development

50% of the actual course fee for training subject to a ceiling of INR 10,000 per trainee and INR 50,000 per unit per year Other state initiatives include:

• Training will be organized, and sponsored trainees based on the industrial requirement of the state Organizing product specific skill development training in association with various training institutions Sponsorship of trainees in various national level training Institutions Capacity building and training for officials of Industries Department in various fields in association with national institutes and funding from Govt. of India.