Every 10 years, the government announces new and different types of schemes and policies to take the industry sector forward in the North-Eastern region. And this is what has happened this year. It is noteworthy that after a delay of 2 years and 6 months, the Central Government has launched a new industrial policy for the North-East, i.e., the UPSC Unnati Scheme 2024, in its cabinet meeting. Now it is to be seen whether, with the help of this new industrial policy, the industry will be strengthened or if it will remain just an election gimmick.
UPSC Unnati Scheme 2024
It is noteworthy that in the North-Eastern states, the Central Government has approved a transformative industrialization plan for 2024 with a budget of Rs 10,037 crore, the main objective of which is to develop a new dimension of development and generate employment in the North-Eastern region.
The main objective of the UPSC Unnati Scheme 2024 is to create productive economic activity in manufacturing and service. And such gainful employment should be available so that the overall social and economic development of the country is possible. Let us tell you that this will be effective from the date of notification and will last until March 31, 2034.
India Launches Unnati Scheme for Northeast India Overview
| Article Title | UPSC Unnati Scheme 2024 |
| Category | Industrial development |
| Financial Outlay | Rs. 10,037 |
| District categories zone | 2, Zone A
Zone B |
| Timing | Till 31 march 2034 |
| Application duration | Till 31 march 2026 |
Uttar Poorva Transformative Industrialisation Scheme 2024
Uttar Pradesh Transformative Industrialization Scheme 2024, a 10-year programme launched by the Central Government that will run from the effective date of notification until the coming year 2034, whose main objective is to develop the enterprise world and generate employment in the North-Eastern, The UPSC Unnati Scheme 2024 is proposed for a period of 10 years, for which the total allocated amount is proposed to be Rs 10,037 crore.
Let us tell you that this central scheme, the UPSC Unnati Scheme 2024, has been divided into two parts. Accordingly, in the first part, Rs 9,737 crore has been allocated to provide incentives to eligible units, and in the second part of the Uttar Pradesh Transformative Industrialization Scheme 2024, Rs 300 crore has been approved for the implementation and institutional arrangements of the scheme.
Unnati Scheme for North-East India
About 2180 applications are to be received through the UPSC Unnati Scheme 2024 issued by the Central Government for the welfare of this north-eastern region. It is being said that with this scheme on the ground, about 83,000 direct employment opportunities will be created for the public.
Not only direct opportunities will emerge, but a large number of indirect employment opportunities are also expected through the Unnati Scheme for North East India. According to the information received from the official website, the responsibility of implementation of this scheme, i.e., monitoring, will be done by DPIIT, i.e., the Department for Promotion of Industry and Internal Trade. The implementation will be monitored by committees at the national and state levels, including the Steering Committee State Level Committee for the Unnati Scheme for North East India.
Unnati Scheme UPSC
As you know, this scheme of the Central Government will be effective from the date of notification until March 31, 2034. The Unnati Scheme will come with an additional 8 years of management liability for UPSC. If you are interested in applying for industrial unit registration, then let us tell you that you will be able to submit your application from the date of notification until March 31, 2026.
After this, you will be able to dispose of all your applications for Unnati Scheme UPSC registration until March 31, 2027. Whatever the eligible industrial units under the UPSC Unnati Scheme 2024, such units will have to start production or operation within four years of getting registration approval.
UNNATI Scheme 2024
On March 7, 2024, the Cabinet approved the Transformative Industrialization Plan of the North East 2024, i.e., UNNATI Scheme 2024. We wrote this article on this matter. As you should know, the North East Transformative Industrialization Scheme 2024, i.e., UNNATI Scheme 2024, has been created for the development of industries and the creation of employment.
This scheme has been started by the Centre; hence, we can call it a Central Sector Scheme. Its main objective is to create gainful employment for the people so that social and economic development and growth can be possible. The districts have been divided into two zones for the UPSC Unnati Scheme 2024. The first zone has been named Zone A, i.e., industrially advanced districts, and the second is industrially backward districts, which has been called Zone B.
Unnati Scheme for Northeast Industrial development 2024
The sole objective of the Unnati Scheme is to take the country forward by expanding the enterprise world to be economically productive and provide product segment services. Let us tell you that the UPSC Unnati Scheme 2024 has just been created for the NorthEast region.
The aim of this scheme is to boost industry and business development and provide socio-economic progress in the NorthEast region. Products and services segments will remain its primary focus to develop economic activity and manufacturing capacity. Under the Unnati Scheme for Northeast Industrial Development 2024, this scheme is to be taken into effect by March 31, 2034. It has joined the development of the area as a long-term commitment.
Incentive under UNNATI 2024
The capital investment incentive has been designed for both new and expanding units. The capital investment incentive has been designed for both GST and non-GST. Whereas the Central Capital Interest Subvention has also been made for both new and expanding units and for GST and non-GST units. Under UNNATI 2024, a Manufacturing and Services-Linked Incentive has been created only for new units.
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Manish Kumar was born in Delhi. He began writing in 2021, and has contributed to the educational and finance content. He lives in Shahadara, New Delhi.