In the news
- The Union Cabinet approved the proposal for Uttar Poorva Transformative Industrialization (UNNATI) Scheme, 2024.
What is the UNNATI Scheme?
- The UNNATI is a significant initiative aimed at fostering industrial development and generating employment opportunities in the North East Region of India.
- With a focus on promoting manufacturing and services sectors, the scheme aims to stimulate economic growth and uplift the socio-economic landscape of the region.
Objectives
- Employment Generation: UNNATI aims to create productive economic activities that generate gainful employment opportunities, thereby contributing to the overall socio-economic development of the North East Region.
- Industrial Development: The scheme seeks to encourage the establishment of industries and the expansion of existing ones, fostering growth and development across various sectors.
Expenditure Allocation
- UNNATI will operate as a Central Sector Scheme, with funds allocated for both incentives to eligible units (Part A) and implementation and institutional arrangements (Part B).
- Part A of the scheme will receive Rs. 9,737 crores, while Rs. 300 crores will be allocated for Part B.
Salient Features
- Scheme Period: Effective from the date of Notification until March 31, 2034, along with 8 years of committed liabilities.
- Commencement of Production: Eligible industrial units must commence production or operation within 4 years from the grant of registration.
- Categorization of Districts: Districts are categorized into Zone A (Industrially Advanced Districts) and Zone B (Industrially Backward Districts) to ensure targeted development.
- Funds Allocation: 60% of Part A outlay is earmarked for the 8 North Eastern states, while the remaining 40% follows a First-In-First-Out (FIFO) basis.
- Eligibility: New and expanding industrial units are eligible for incentives under the scheme.
Implementation and Oversight
- The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, will oversee the implementation of UNNATI.
- National and state-level committees, including the Steering Committee and State Level Committee, will monitor implementation, ensure transparency, and facilitate the registration and claims process for incentives.
