Context:
UNNATI 2024: Union Cabinet has approved Uttar Poorva Transformative Industrialization Scheme, 2024.
Background of UNNATI
The Uttar Poorva Transformative Industrialization Scheme, is a transformative initiative by the Department for Promotion of Industry and Internal Trade (DPIIT) to foster economic growth and industrialization in the North Eastern Region of India.
About UNNATI
- Government of India has formulated The Uttar Poorva Transformative Industrialization Scheme, also known as UNNATI 2024, as a Central Sector Scheme.
- It aims for the development of Industries and generation of employment in the states of North East Region.
- It will be implemented by the Department for Promotion of Industry and Internal Trade (DPIIT) in cooperation with the states.
- The implementation will be overseen by committees at the national and state levels.
- The Steering Committee, headed by the Secretary of DPIIT, will decide upon any interpretation of the scheme within its overall financial outlay and issue detailed guidelines for execution.
- The scheme’s main objective is to generate gainful employment, which will lead to the area’s overall socio-economic development.
- It will create productive economic activity in the manufacturing and service
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