India News | Govt Approves Rs 10,037 Cr Scheme to Promote Industrialisation in NE Region
Get latest articles and stories on India at LatestLY. The government on Thursday approved a Rs 10,037-crore new industrial development scheme, UNNATI, for northeast states.
New Delhi, Mar 7 (PTI) The government on Thursday approved a Rs 10,037-crore new industrial development scheme, UNNATI, for northeast states.
The Union Cabinet in a meeting approved the Uttar Poorva Transformative Industrialization Scheme, 2024, here, an official release said .
The central sector scheme has been announced for the development of industries and employment generation in the states of North East Region.
The scheme's main objective is to generate gainful employment, which will lead to the area's overall socio-economic development.
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The scheme will create productive economic activity in the manufacturing and service sectors.
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.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)