Cabinet gives nod to North East industrial package

economictimes.indiatimes.com:

industrial development scheme called Uttar Poorva Transformative Industrialization (UNNATI) scheme, for northeast states to generate gainful employment and for the regions’s overall socio-economic development.

Under the scheme, incentives would be provided to investors for setting up new units or undertaking significant expansion of the existing units.

The scheme will be effective from the date of notification and up to March 31, 2034, along with eight years of committed liabilities.

As per a government statement, eligible industrial units will be able to commence their production or operation within four years from the grant of registration. The scheme envisages approximately
2,180 applications.

Districts have been categorized into Zone A (Industrially Advanced Districts) & Zone B (Industrially Backward Districts). 60% of the outlay of Part A has been earmarked for the eight northeastern states and the remaining 40% would be allocated on a First-In-First-Out basis.