(THE GIST OF PIB) Uttar Poorva Transformative Industrialization Scheme (UNNATI)

(MARCH-2024)

The Union Cabinet approved the proposal for Uttar Poorva Transformative Industrialization Scheme, 2024 (UNNATI – 2024).

It is aimed at developing industries and generating employment in the North East Region, seeks to create productive economic activity in manufacturing and services.
Its main objective is to generate gainful employment, leading to the overall socio-economic development of the region.

This will be a Central Sector Scheme.
It is proposed to be divided into two parts. Part, A caters to the incentives to the eligible units (Rs. 9737 crores), and Part B, is for implementation and institutional arrangements for the scheme. (Rs. 300 Crore).

Scheme period: The scheme will be effective from the date of Notification and up to 31.03.2034 along with 8 years of committed liabilities.
Commencement of Production or operation: 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)
Earmarking of funds:60% of the outlay of Part A has been earmarked to 8 NE states and 40% on First-In-First-Out (FIFO) basis.
All new Industrial units and Expanding units would be eligible for the respective incentives.