UTTAR POORVA TRANSFORMATIVE INDUSTRIALIZATION SCHEME (UNNATI)

The Union Cabinet, chaired by the Prime Minister, approved the Uttar Poorva Transformative Industrialization Scheme, 2024 (UNNATI 2024).

About Uttar Poorva Transformative Industrialization Scheme (UNNATI):

1. Aim: To develop industries and generate employment in the North Eastern region.
2. Objective: To create productive economic activity in manufacturing and services to promote socio-economic development.
3. Duration: Effective from the date of notification till March 31, 2034, including 8 years of committed liabilities.

Expenditure:

1. Financial Outlay: Rupee. Rs 10,037 crore for 10 years, categorized into Part A (Rs 9,737 crore for incentives to eligible units) and Part B (Rs 300 crore for implementation and institutional arrangements).

Salient Features:

1. Scheme Period: Effective from notification until March 31, 2034, with 8 years of committed liabilities.
2. Registration Period: Industrial units allowed to apply from notification date to March 31, 2026.
3. Commencement of Production: Eligible units to start production or operation within 4 years from registration.
4. Zone Categorization: Districts categorized into Zone A (Industrially Advanced) and Zone B (Industrially Backward).
5. Eligibility: New and expanding industrial units eligible for incentives.
6. Implementation: DPIIT to oversee implementation in cooperation with states, monitored by national and state-level committees.

1. The Department for Promotion of Industry and Internal Trade (DPIIT) is a central government department under the Ministry of Commerce and Industry in India.

Q1) What is a Centrally Sponsored Scheme?

1. Definition: Schemes funded partially by both Central and State Governments to assist states financially in implementing plans.
2. State Participation: Varies from state to state, with implementation resting on Union territories and states.

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