The Government of India has been taking many initiatives to promote industrialisation in Northeastern Region.
*The Department of Industrial Policy and Promotion (DIPP) along with NITI Aayog is redrafting the policy — new North East Industrial and Investment Promotion Policy (NEIIPP). The revised policy would provide easier access to working capital loans and reimburse insurance premium among other incentives.
*Cabinet has approved capital investment subsidy to industrial units located in Northeastern Region.
*The government has decided to provide the interest subsidy scheme on term loans of 5-10 years maturity taken to finance capital expenditure for setting up or expansion of industrial units
*The Government of India is focussing on promotion of small and medium scale industries in Northeastern States.
*The Ministry for Development of Northeast (DoNER) is encouraging investments through the government agencies as well as private players.
*The Northeast Venture Fund is the first dedicated venture capital fund for Northeastern region. The Ministry of DoNER is offering an additional benefit of providing the initial Venture Capital Fund to any youngster who decides to set up an entrepreneurship in the region.