The Union Cabinet recently approved UNNATI-2024 (Uttar Poorva Transformative Industrialization Scheme, 2024), with a financial outlay of Rs. 10,037 crores.
About UNNATI-2024:
- The UNNATI-2024 is a Central Sector Scheme aimed at boosting industrial development, employment generation, and socio-economic growth in the North East (NE) Region.
- It emphasizes on job creation, skill development, and sustainable industrialization, offering financial incentives to both new and expanding industrial units, with a maximum benefit of Rs. 250 Crore per unit.
- It categorizes districts into Zone A (Industrially Advanced) and Zone B (Industrially Backward), offering varying incentives to investors based on the zone, with Zone B receiving more incentives.
- The scheme is divided into 2 parts: Part A for unit incentives and Part B for implementation and institutional arrangements, allocating 60% of Part A’s funds to the 8 NE states and 40% on a First-In-First-Out (FIFO) basis.
- UNNATI-2024 will be implemented by the DPIIT in collaboration with state governments, overseen by national and state-level committees, for 10 years, plus an additional 8 years for committed liabilities. Industrial units must start production or operations within 4 years of registration.
- A focus on sustainable development is indicated by the creation of a positive list of industries like renewable energy and EV charging stations, and a negative list of environmentally harmful sectors such as cement and plastic.
Ref:Source
| UPSC IAS Preparation Resources | |
| Current Affairs Analysis | Topperspedia |
| GS Shots | Simply Explained |
| Daily Flash Cards | Daily Quiz |