MIZORAM

Mizoram is one of the smallest states located in the north-eastern states. Mizoram, in the local language means the land of Mizos. Mizo itself means, highlanders. The state has a high proportion of its population living in the urban areas, and also has one of the highest rates of literacy. Power too is available in plenty. In spite of this the state is poor in other physical infrastructure, like road and communications. Productive labor too is in shortage.

Land area: 21,081 sq. km.
Population: 0.69 million
Capital: Aizwal
Per Capita Income: Rs 7,517
Inflation Rate: n.a.

Agriculture is the main occupation of the people, with ginger being the most common. Other cash crops like mustard, seasame, and potatoes too are popular. There is no major industry in Mizoram. Handicraft and Handloom are the major industrial activities of the territory.

Incentives:

• 25% subsidy on the cost of land allotted to small-scale units
• 50% reimbursement on the monthly rent for industrial sheds for 5 years
• 5-year interest rate subsidy of 4% on term loans and working capital loans
• 60% rebate on electricity consumption for 5 years for small-scale units
• 50% rebate on electricity consumption for 5 years for medium-scale units
• 30% rebate on electricity consumption for 3 years for large-scale units
• 50% to 90% transport subsidy for procuring raw materials up to the Siliguri rail-head
• 5-year income tax holiday for new industrial units set up in the Northeast