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CCEA approved Modified Industrial Infrastructure Upgradation Scheme

Jul 12, 2013 18:32 IST

The government on 12 July 2013 approved the Modified Industrial Infrastructure Upgradation Scheme (MIIUS) with an outlay of 1030 crore Rupees during the 12th Five Year Plan period ending March 2017.

As per the Information and broadcasting  Ministry, Out of the total outlay, a sum of 450 crore rupees will be utililized on committed liability and the remainder for taking up 14 to 16 new infrastructure upgradation projects in existing or greenfield industrial clusters.

The decision will help to develop better common infrastructure and common facilities, including skill development centres, at the selected industrial clusters. It will also certainly impact better employment generation in the selected clusters.

Some Important facts related to the Industrial Infrastructure Upgradation Scheme

• All states are covered under the scheme. However, projects are likely to be undertaken in only 14 to 16 states/districts due to limitation of outlay.
• At least 10 per cent of the outlay will be set aside for a minimum of two projects in the North East.
• Project proposals would be scrutinised with the help of the PMA and they would be placed before an apex committee for in-principle approval.
• The projects will be monitored after in-principle approval is given so that these achieve stipulated milestones to qualify for final approval.  

Earlier In 2003, an Industrial Infrastructure Upgradation Scheme (IIUS) was launched to improve the industry’s competitiveness by providing infrastructure through the public-private partnership model in selected functional clusters. Under the scheme, central assistance would be provided for as much as 75 per cent of the project cost, subject to a ceiling of 5 crore Rupees.

In February 2009, the plan was remodeled based on the suggestion of an independent evaluation.

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Read more Current Affairs on: CCEA , Industrial Infrastructure Upgradation Scheme ,

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