Consider the following statements about North Eastern Industrial and Promotion Policy NEIPP 1 n...........

Economic Affairs Industrial Policy and Industrial Growth

Consider the following statements about North Eastern Industrial and Promotion Policy (NEIPP) -

1. NEIPP was launched in 2007 with a view to boost industrialisation in NER.

2. It does not covers the entire NER and comprise of benefits such as 100% Income Tax exemption for a period of 10 years.

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:

It is the revision of North East Industrial Policy, 1997. NEIPP was launched in 2007 with a view to boost industrialisation in NER. It covers the entire northeast and comprises of benefits such as Central Capital Investment Subsidy Scheme, Central Interest Subsidy Scheme, 100% Income Tax exemption for a period of 10 years, etc.