UNNATI Scheme Approved for Industrial Development in North East

UNNATI Scheme:- Ahead of Prime Minister Narendra Modi’s two-day trip to the northeast, the Union cabinet decided on Thursday to approve the Rs 10,037-crore Uttar Poorva Transformative Industrialization Scheme (UNNATI), which aims to revitalize the region’s industrial development over the next ten years by luring in new investment and fostering existing ones. The scheme is focused on job creation, skill development, and sustainability. Read below to check the detailed information related to the UNNATI Scheme

UNNATI Scheme 2024

UNNATI Scheme 2024

The UNNATI Scheme, a new industrial development program with a budget of Rs 10,037 crore, has been approved by the Indian government. The objective of this central sector plan is to foster industrial growth and generate job opportunities in India’s eight northeastern states. To draw investments and promote regional economic development, the program provides incentives to investors for opening new locations or growing current ones. About 2180 applications are anticipated under the proposed plan, and 83,000 direct job opportunities are expected to be created during its duration. It is also anticipated that an immense number of indirect jobs will be created. The notice period is scheduled to begin on March 31, 2034, and end on March 31, 2034, inclusive of eight years of committed liabilities.

PM Kaushal Vikas Yojana

Uttar Poorva Transformative Industrialization Scheme Scheme Details in Highlights

NameUNNATI Scheme
Full FormUttar Poorva Transformative Industrialization Scheme (UNNATI)
Approved byUnion cabinet of India
Approved on7 Mar 2024
Objectiveto promote industrial growth
BeneficiariesIndia’s eight northeastern states
Official Website

UNNATI Scheme Objective

The program aims to create jobs and promote industries in the Northeast Region by fostering manufacturing and service-related productive economic activity. The primary goal of the UNNATI program is to provide gainful employment, which will promote the region’s overall socioeconomic growth.

Rojgar Mela

Features & Benefits of UNNATI Scheme

Some of the key features and benefits of the Uttar Poorva Transformative Industrialization Scheme Scheme are as follows:

  • The program will take effect on the notification date and last for eight years, ending on March 31, 2034, with committed obligations.
  • All qualified industrial units must start producing or operating within four years of receiving their registration.
  • Zone A (Industrially Advanced Districts) and Zone B (Industrially Backward Districts) are the two zones into which districts are divided.
  • Building construction and P&M expenditures for the Capital Investment Incentive shall be included in the P&M calculation for Micro enterprises, as specified by MSME industry guidelines.
  • The Department for Promotion of Industry and Internal Trade (DPIIT), in collaboration with the states, will supervise the scheme’s implementation.
  • National and state committees, such as the State Level Committee and the Steering Committee, will oversee implementation, guarantee openness, and suggest registration and incentive claims.
  • Funding allocation: Eight Northeast states will receive 60% of the Part A budget, with the remaining 40% going to the First-In-First-Out (FIFO) system.
  • Each and every newly constructed industrial and expanding unit would be qualified for the corresponding incentives.
Incentives Provided  

Several incentives are provided under the plan to qualifying industrial units, such as incentives for capital investments, a central capital interest subvention for both new and expanding units, and incentives related to manufacturing and services for new units that are contingent on the net payment of GST. The total eligible benefits under the scheme, for one unit, are limited to Rs 250 crore.

UNNATI Scheme Registration Time

Industrial units have until March 31, 2026, to apply for registration under the programme from the date of announcement. By March 31, 2027, all registration applications must be processed. Within four years of receiving their registration, eligible industrial units must start producing or operating.

Uttar Poorva Transformative Industrialization Scheme Implementation

In collaboration with the states, Department for Promotion of Industry and Internal Trade (DPIIT) will carry out the plan. The following state and national committees will supervise implementation.

  • The Steering Committee, coordinated by the Secretary of DPIIT (SIIT), will determine how the scheme is to be interpreted regarding its total financial expenditure and will provide comprehensive instructions for implementation.
  • The State Level Committee, under the direction of the state’s chief secretary, will oversee implementation and act as a check and balance to guarantee efficiency and openness.
  • Implementing the plan, including recommending registration and reward claims, will fall under the purview of the Secretary Level Committee, which will be led by the state’s senior secretary of industries.

PM Surya Ghar Yojana

Generation of Employment

In the northeast, the UNNATI Scheme is anticipated to create a large number of job possibilities. Throughout the program, it is projected that 83,000 direct employment opportunities and a significant number of indirect employment possibilities will be created.

UNNATI Scheme Registration Process

The Union Cabinet of India has recently introduced the UNNATI Scheme. The government has not yet published the official website for this; however, the government will do so shortly. We will update this post as soon as there is a fresh update on this plan.

FAQ’s

What is the main aim of the UNNATI Scheme?

The program seeks to stimulate growth in the manufacturing and service sectors of the economy to promote socioeconomic development throughout the region.

What is the full form of the UNNATI Scheme?

The full form of the UNNATI Scheme is the Uttar Poorva Transformative Industrialization Scheme

What is the total budget of UNNATI Scheme?

The total budget of the UNNATI Scheme is Rs 10,037 crore

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