ADVERTISEMENT
What are unity malls mentioned by FM Sitharaman in Budget speechUnity malls will primarily display and sell ODOPs along with handicraft products
DH Web Desk
Last Updated IST
Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24. Credit: PTI Photo
Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24. Credit: PTI Photo

Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget in the Parliament. During her speech, Sitharaman said that the Centre would encourage state governments to start unity malls in their state capitals or in other major cities.

These malls will primarily display and sell ODOPs (one district, one product) along with handicraft products made in different states, as per DNA report.

Also Read | Budget 2023: Grant for IIMs reduced by half, top B schools say Centre signalling to be self-reliant

The finance minister, in her speech, did not elaborate on unity malls and the process for their setup .She did not mention anything about the funding plan and ownership of said malls.

ADVERTISEMENT

What is ODOP?

ODOP is an initiative by the Centre to promote district-wise special products. In order to encourage indigenous products and generate employment, the Centre provides financial aid to manufacturers of these products and help them reach consumers of different states.

These products consist of agriculture produce, fruits etc. GI tags are normally accorded to famous products originating from a particular area.

Deccan Herald is on WhatsApp Channels | Join now for Breaking News & Editor's Picks

ADVERTISEMENT
(Published 02 February 2023, 20:33 IST)