Prime Minister Narendra Modi on March 9 “dedicated Sela Tunnel to the nation and launched the UNNATI scheme worth about Rs 10,000 crores.
- The Union Cabinet recently approved the proposal of the Ministry of Commerce and Industry, Department for Promotion of Industry and Internal Trade for Uttar Poorva Transformative Industrialization Scheme, 2024 (UNNATI – 2024) for a period of 10 years from the date of notification along with 8 years for committed liabilities at a total cost of Rs.10,037 crore.
- The financial outlay of the proposed scheme is Rs.10,037 crore for the scheme period from the date of notification for 10 years. (Additional 8 years for committed liabilities).
- This will be a Central Sector Scheme. The scheme is proposed to be divided into two parts. Part, A caters to the incentives to the eligible units (Rs. 9737 crores), and Part B, is for implementation and institutional arrangements for the scheme. (Rs. 300 Crore).
- Incentives would be available under the scheme to investors for setting up new units or undertaking significant expansion of the existing units.
