Launch of North-East Transformative Industrialization Plan 2024
The Government of India has formulated a new industrial development scheme, UNNATI (North East Transformative Industrialization Scheme), 2024, as a central sector scheme for the development of industries and employment generation in the states of the North Eastern region. The main objective of the scheme is to generate gainful employment, which will lead to overall socio-economic development of the area. This will create productive economic activity in the manufacturing and service sectors.
Expenses involved:
The financial outlay of the proposed scheme is Rs 10,037 crore for the plan period of 10 years from the date of notification. This will be a central sector scheme. It is proposed to divide the scheme into two parts. Part A provides incentives (₹9,737 crore) to eligible units, and Part B is for implementation and institutional arrangements of the scheme (₹300 crore).
Target:
The proposed scheme envisages approximately 2180 applications, and is estimated to generate approximately 83,000 direct employment opportunities during the scheme period. A large number of indirect employment is also expected to be generated.
Key Features of the Scheme:
- Scheme Period: The scheme will be effective till 31.03.2034 with committed liabilities of 8 years from the date of notification.
- Application period for registration: Industrial unit will be allowed to apply for registration from the date of notification till 31.03.2026
- Approval of Registration: All applications for registration have to be disposed of by 31.03.2027
- Start of production or operations: All eligible industrial units must start their production or operations within 4 years from the grant of registration.
- The districts are classified into two zones: Zone A (industrially advanced districts) and Zone B (industrially backward districts).
- Allocation of funds: 60% of the outlay of Part A has been earmarked for the 8 North-
- Eastern States and 40% on first-in-first-out (FIFO) basis.
- For micro industries (defined as per MSME industry norms), the P&M calculation will include P&M cost for building construction and capital investment incentives.
- All new industrial units and expanded units will be eligible for the relevant incentives.
Implementation Strategy:
- DPIIT will implement this scheme in collaboration with the states. Implementation will be monitored by the following committees at the national and state levels.
- The Steering Committee chaired by the Secretary, DPIIT (SIIT), will decide on any interpretation of the scheme within its overall financial outlay and issue detailed guidelines for execution.
- A state level committee headed by the Chief Secretary of the state will monitor implementation, checks and balances while ensuring transparency and efficiency.
- The Secretary-level committee, headed by the Senior Secretary (Industry) of the State, will be responsible for implementing the scheme, including registration and recommendation of incentive claims.