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India Launches UNNATI scheme for NorthEast India
UNNATI: Uttar Poorva Transformative Industrialization Scheme
The Government of India has launched the Uttar Poorva Transformative Industrialization Scheme (UNNATI), 2024, a significant initiative aimed at industrial development and economic growth in the Northeast region. The scheme, with a financial outlay of Rs 10,037 crore over 10 years, seeks to generate gainful employment and uplift the socio-economic landscape of the eight Northeastern states.
Key Features
| Feature | Description |
|---|---|
| Objective | Development of industries and generation of employment in the Northeastern states |
| Financial Outlay | Rs 10,037 crore (Rs 9,737 crore for incentives, Rs 300 crore for implementation) |
| Duration | Effective from the date of notification until March 31, 2034 |
| District Categorization | Zone A (Industrially Advanced Districts) and Zone B (Industrially Backward Districts) |
| Priority Industries | Renewable energy, EV charging stations, etc. |
| Excluded Industries | Cement, plastic, etc. |
Implementation
The Department for Promotion of Industry and Internal Trade (DPIIT) will implement the UNNATI Scheme in cooperation with the Northeastern states. Implementation will be overseen by committees at the national and state levels.
Key Takeaways
- The UNNATI Scheme aligns with the ‘Act East Policy’ and the vision of Atmanirbhar Bharat.
- It promotes equitable development by providing tailored incentives for industrially advanced and backward districts.
- The scheme aims to strike a balance between industrial growth and environmental conservation.
- Assam has been allocated a specific portion of Rs 2,434 crore under the UNNATI Scheme.
- The scheme has been well-received by industry bodies and stakeholders in the Northeast.
Why is the UNNATI Scheme introduced?
The UNNATI Scheme was introduced to give a fresh thrust to industrial development in the Northeast, with an emphasis on job creation, skill development, and sustainable development. The government’s objectives are to attract new investments and nurture existing ones, thereby generating employment opportunities and fostering overall economic growth in the region.
How does the UNNATI Scheme aim to transform the Northeast?
The UNNATI Scheme has a financial outlay of Rs 10,037 crore for a period of 10 years, with an additional eight years for committed liabilities. The scheme is divided into two parts: Part A for incentives to eligible units (Rs 9,737 crore) and Part B for implementation and institutional arrangements (Rs 300 crore).
What are the key features of the UNNATI Scheme?
The UNNATI Scheme will be effective from the date of notification until March 31, 2034, with an additional eight years of committed liabilities. Industrial units can apply for registration from the date of notification until March 31, 2026, and all applications must be disposed of by March 31, 2027.
Districts are categorized into two zones: Zone A (Industrially Advanced Districts) and Zone B (Industrially Backward Districts), with 60% of the outlay of Part A earmarked for the eight Northeastern states and the remaining 40% allocated on a First-In-First-Out (FIFO) basis.
What industries are prioritized and which are excluded?
The UNNATI Scheme includes a positive list of industries that are encouraged, such as renewable energy and EV charging stations, to maintain a balance between industrial growth and environmental conservation. However, certain industries like cement and plastic are on the negative list due to their potential environmental impact.
Final Thoughts
The Uttar Poorva Transformative Industrialization Scheme (UNNATI), 2024, is a transformative initiative that holds potential for the socio-economic development of the Northeast region. By providing incentives, attracting investments, and generating employment opportunities, the scheme aims for industrial growth and uplift the living standards of the people in the eight Northeastern states.
