National
Cabinet approves North-East Industrial Development Scheme
New Delhi, March 21 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday has approved the North East Industrial Development Scheme (NEIDS), 2017 with financial outlay of Rs 3,000 crore up to March 2020, an official statement said.
It said government will provide necessary allocations for remaining period of scheme after assessment before March 2020.
The NEIDS is a combination of the incentives covered under the earlier two schemes with a much larger outlay.
“In order to promote employment in the Northeast states, government is incentivising primarily the MSME sector through this scheme. Government is also providing specific incentive through the scheme to generate employment,” said the statement.
“All eligible industrial units, which are getting benefits of one or more components of other schemes of the Government of India, will also be considered for benefits of other components of this scheme,” it added.
Under the Scheme, new industrial units set up in the northeastern states including Sikkim will be provided incentives like Central Capital Investment Incentive for Access to Credit, amounting to 30 per cent of the investment in plant and machinery with an upper limit of Rs 5 crore on the incentive amount per unit, and Central Interest Incentive amounting to 3 per cent on working capital credit advanced by eligible banks/financial institutions for first 5 years from the date of production’s commencement.
There will also be Central Comprehensive Insurance Incentive, for full reimbursement of insurance premium on insurance of building and plant and machinery for five years from commencement of production, Goods and Service Tax (GST) Reimbursement to the extent of Central government share of CGST and IGST for five years from the same date, Income-Tax (IT) Reimbursement of Centre’s share of tax for first five years, Transport Incentive (TI) of 20 per cent of the cost of transportation including the subsidy currently provided by Railways/Railway PSU for movement of finished goods by rail, 20 per cent of cost of transportation for finished goods through Inland Waterways Authority of India and 33 per cent of cost of transportation of air freight on perishable goods (as defined by IATA) from the airport nearest to place of production to any airport within the country.
There will also be an Employment Incentive, where the government shall pay 3.67 per cent of the employer’s contribution to the Employees Provident Fund (EPF) in addition to bearing 8.33 per cent Employee Pension Scheme contribution of the employer in the Pradhan Mantri Rozgar Protsahan Yojana.
–IANS
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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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