Ministry of Development of North-East Region
Schemes to increase Investment in NER
Posted On:
26 MAR 2025 4:29PM by PIB Delhi
The Government of India had introduced a new scheme UNNATI (Uttar Poorva Transformative Industrialization Scheme) on March 9, 2024 for extending support to the industries for enhancing regional infrastructure, create employment opportunities, and promote resilience and prosperity in the region. Under the UNNATI Scheme, the following incentives are provided to the industrial Units:
i. Capital Investment Incentive (CII)
ii. Capital Interest Subvention (CIS)
iii. Manufacturing & Services linked incentive (MSLI)
Under the UNNATI scheme the total budget outlay of the Scheme is Rs 10,037 cr. The total budget outlay is divided into two parts – Part A and Part B. Part A of the scheme, with an outlay of Rs 9,737 cr., if for providing incentives to eligible new industrial units and those undergoing substantial expansion. Part B of the scheme, with an outlay of Rs 300 cr. is for implementation & institutional arrangements for the scheme. 60% of the scheme outlay of part A is earmarked to all States of North Eastern Region (NER). The districts are categorized in two zones: Zone A (industrially advanced districts) and Zone B (industrially backwards districts) based on NER district SDG index (2021-22).A total of 56 units registration has been granted in the scheme till date
In addition to the above, Government of India, with an intent to build a strong ecosystem for nurturing innovation, startups and encouraging investments in the country also launched the Startup India initiative on 16th January 2016. For the North Eastern States, 2,109 entities have been recognized as startups by Department for Promotion of Industry and Internal Trade (DPIIT) as on 31st January 2025.
Further,to facilitate credit access for the Micro, Small & Medium Enterprises (MSME) & Micro Finance sectors in the North Eastern Region, the Ministry of Development of North Eastern Region (MDoNER) has been providing annual budgetary allocation to North Eastern Development Finance Corporation Ltd. (NEDFi), a Non-Banking Financial Company (NBFC) under administrative control of MDoNER, in the form of an interest free loan under the North East Enterprise Development Scheme (NEEDS) for the period 2021-22 to 2025-26, with a total allocation of Rs. 300 crore.
The initiatives undertaken by the Department for Promotion of Industry and Internal Trade (DPIIT) for promotion of entrepreneurship in Northeastern states under Startup India, are as follow:
- ASCEND Startup Workshop Series and Women for Startups Workshops: The Government has organized a series of startup workshops – ASCEND (Accelerating Startup Calibre & Entrepreneurial Drive), for entrepreneurs, aspiring entrepreneurs, and students from the North-eastern region.
- Knowledge Exchange and Capacity Building Workshops: DPIIT organized knowledge exchange workshops for dissemination of good practices and mutual learning among States and UTs.
- Startup India Yatra Initiative: Startup India launched Startup India Yatra in 2017 to promote entrepreneurship in rural and non-metro regions across States.
- WING: As a part of DPIIT’s program WING - a capacity development program for existing and aspiring women entrepreneurs.
- District Outreach Initiative: DPIIT is promoting entrepreneurship by striving to establish at least one DPIIT-recognized startup in every district of India.
This information was given by the Minister of State of the Ministry of Development of North Eastern Region, Dr. Sukanta Majumdar in a written reply to a question in Lok Sabha today.
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(Release ID: 2115292)
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