Guwahati: The UNNATI (Uttar Poorva Transformative Industrialization Scheme) has been hailed as a 'lucrative' initiative for investors by Umesh Kumar, General Manager of the District Industries and Commerce Centre.
Launched in March 2024, the scheme aims to drive economic development and investment in Assam, particularly within designated districts.
UNNATI Scheme identifies five developed districts - Nagaon, Jorhat, Kamrup, Kamrup Rural, and Nalbari - where investments exceeding Rs.50 lakh qualify for a substantial 30 percent subsidy on capital investments. This incentive is designed to attract businesses to these economically progressive areas.
For investments made outside these five districts, a more generous subsidy of 50 percent is available, further encouraging development in less advanced regions of Assam as revealed by Umesh Kumar during an EXCLUSIVE interview with Business North East (BNE).
Around 10 investors approached Kamrup Metro for investment
Another DICC official informed BNE that 10 investors approached to invest in Kamrup Metro particularly in the service sector. The scheme offers significant financial incentives, reducing the initial costs associated with starting a business in Assam. Alongside the capital investment subsidies, investors can benefit from a 3 percent interest subsidy on loans, easing the financial burden during the early stages of business operations
These incentives make the UNNATI Scheme particularly appealing, helping to enhance the viability of projects that might otherwise be too costly to undertake.
The implementation of the UNNATI Scheme is expected to have a positive ripple effect on employment and regional development in Assam. By attracting both domestic and foreign investments, the scheme aims to create approximately 83,000 direct jobs and numerous indirect employment opportunities, stimulating local economies and fostering sustainable growth across various sectors.
With a strong emphasis on sustainable industries, such as renewable energy and electric vehicle infrastructure, the scheme restricts environmentally harmful sectors like cement production and plastics.
The UNNATI Scheme serves as a pivotal tool for transforming Assam's economic landscape. By empowering investors with significant subsidies and interest rate support, it fosters regional development and opens the door to innovative entrepreneurial ventures.
About District Industries and Commerce Centre (DICC)
The District Industries and Commerce Centre (DICC) is a government initiative in India that promotes small-scale and medium-sized enterprises (SMEs) and supports local industries. It offers entrepreneurial support, financial assistance, single-window clearance, skill development, market development, policy implementation, and coordination with other departments.
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