Consider the following statements about Central Capital Investment Subsidy Scheme ndash 1 ...........

Indian Economic System(CSC) Industry

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Consider the following statements about Central Capital Investment Subsidy Scheme –

1. Its aim is to promote the North Eastern Industrial and Promotion Policy.

2. It provides a subsidy of 30 percent on the capital investment to promote the industrial units.

Which of the statement given above is / are correct?

1 only

2 only

Both 1 & 2

Neither 1 nor 2

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Explanation:

To promote the North Eastern Industrial and Promotion Policy, 2007 central government introduced the Central Capital Investment Subsidy Scheme in 2007. It promotes development of new industrial units as well as existing ones. It provides a subsidy of 30 percent on the capital investment to promote the industrial units. Recently, Cabinet approved Central Capital Investment Subsidy Scheme for continuation till 2020.