Arunachal Pradesh is the remotest state in India but is the first soil in India to receive the rising sun. Thus, it is well-known as the ‘Land of Dawn-lit-Mountains.’ Arunachal Pradesh became a state only after 1987. It was in Northeastern India, touching the Bhutan, China, and Burma borders. It also borders Nagaland and Assam to the south.

Arunachal Pradesh is endowed with beautiful flora and fauna that tempt tourists. The geographical location of Arunachal Pradesh is suitable for international trade, and there are plenty of business opportunities. 

Agriculture, cane and bamboo, crafts and arts, horticulture, weaving, and mineral and power-based industry are some of the prominent industries of Arunachal Pradesh. The state has the best potential in India to generate hydro-power. It is categorized as per the river valleys and has high hydropower potential, estimated now at 22% of the power generating ability in India.

Arunachal Pradesh is bestowed with an evergreen forest of around 80%. The flora and fauna are rich in the state and are characterized by orchids and medicinal plants. Starting a business relating to orchids may be the best idea.

Arunachal Pradesh area is around 83,743 sq. km, and the state falls from North latitude 26° 30' and 29° 30' and the East longitude97° 30'. Arunachal Pradesh extends to the Brahmaputra plains from the Himalayas.

The beautiful valleys and snow-capped mountains add scenic beauty. The features draw tourists and entice them. Especially, the hill station, Tawang brings adventure lovers to its inaccessible lakes. There are National Parks and several Wildlife Sanctuaries.

List of state schemes to start a new manufacturing unit

Major industries in Arunachal Pradesh include weaving, arts and crafts, power, horticulture, bamboo and cane, and mineral-based industries. This state has a high Business loan scheme from its state government.

The economy is agrarian largely, relying on rice terraced farming and the cultivation of the crops such as millet, maize, ginger, pulses, wheat, potato, oilseeds, sugarcane, pineapple, and cereals. The production of horticulture reaches thousands of metric tonnes each year.

Business loan schemes by the state government

The main industry is tourism, and a good choice is to begin a café business. The Arunachal Pradesh state government encourages industrial undertakings establishment in the cooperative and private sectors. 

Business loan schemes from the Arunachal Pradesh government may be favorable for businesses such as:

  • Industries relying on local raw materials
  • Industries based on non-timber produce
  • Electronics based industries
  • Textiles and handicrafts
  • Medical and educational services.
Though it is opulent in natural resources, the Arunachal Pradesh’s economic development is very low in comparison to other states in the country. It is the reason that investment incentives are given for establishing Arunachal Pradesh the industrial units.

The investment incentives are helpful, and they are:
  • Transport subsidy scheme
  • Comprehensive insurance scheme
  • Subsidy scheme in Central capital investments
  • Price preference
  • Central interest subsidy scheme.