Context: The Union Cabinet approved the proposal of the Ministry of Commerce andIndustry, Department for Promotion of Industry and Internal Trade for Uttar Poorva Transformative Industrialization Scheme, 2024 (UNNATI – 2024) for a period of 10 years.
About UNNATI SCHEME:
- Launched in: 2024
- Till: 2034
- Corpus: 10,037 crore
- Type of scheme: Central sector scheme
- Aim: To generate gainful employment and development of Industries in the states of Northeast Region, will lead to the area’s overall socio-economic development.
- Implementing agency: Department for Promotion of Industry and Internal Trade.
- Target: Direct employment opportunities of about 83,000 and significant number of indirect employments.
- Key features: All eligible Industrial Units to commence their production or operation within 4 years from the grant of registration.
- Districts are categorized in two zones: Zone A (Industrially Advanced Districts) & Zone B (Industrially Backward Districts)
- 60% of the outlay of Part A has been earmarked to 8 NE states and 40% on a First-In-First-Out (FIFO) basis.
- All new Industrial units and Expanding units would be eligible for the respective incentives.