Uttar Poorva Transformative Industrialisation Scheme, 2024 (UNNATI – 2024)

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Context

• The Union Cabinet approved the proposal of the Department for Promotion of Industry and Internal Trade (DPIIT) for Uttar Poorva Transformative Industrialisation Scheme, 2024 (UNNATI – 2024).

Details

• Scheme Name: UNNATI (Uttar Poorva Transformative Industrialisation Scheme) 2024.
• Central Sector Scheme for development of industries and employment generation in North East Region.
• Objective: Generate gainful employment, lead to overall socio-economic development, create productive economic activity in manufacturing and service sectors.

• Duration: 10 years from notification date, with 8 additional years for committed liabilities.
• Financial Outlay: ₹10,037 crore.

Scheme Components:

• Part A: Incentives for eligible units (₹9,737 crore).
• Part B: Implementation and institutional arrangements (₹300 crore).

Expected Impact:

• Around 2,180 applications anticipated.
• Direct employment opportunities for about 83,000 during the scheme period.
• Significant indirect employment generation expected.

Implementation Guidelines:

• All eligible units to commence production or operation within four years from registration.
• DPIIT to implement scheme in cooperation with States.
• Steering Committee (headed by Secretary, DPIIT) to interpret scheme within overall financial outlay and issue detailed guidelines.
• State Level Committee (headed by State’s Chief Secretary) to monitor implementation, ensure transparency and efficiency.
• Secretary level committee (headed by senior Secretary of state Industries) to implement scheme and recommend registration and incentives claims.

PRACTICE QUESTION Q. Which of the following statements with reference to Uttar Poorva Transformative Industrialisation Scheme, 2024 (UNNATI – 2024) is/are incorrect? 1.It is a Central Sector Scheme for the development of industries and employment generation in North East Region. 2.The scheme is scheduled to run for 10 years from the notification date, with an additional 8 years for committed liabilities. 3.Ministry of Development of North Eastern Region will implement the scheme in cooperation with States. Select the correct answer using the codes below: A) 1 and 2 only B) 1, 2, and 3 only C) 3 only D) None Answer: C) 3 only