Union Budget 2023: Unity Malls to be set up in states
Tags: Economy/Finance National News
Finance Minister Nirmala Sitharaman announced in the budget that states would be encouraged to set up "Unity Malls" in their capitals and most prominent tourist centres.
What is a unity mall?
The main objective behind setting up Unity Mall is to promote ODOP (One District, One Product) of the states.
These products may be depicted as having a Geographical Indication tag. Other handicraft products will also be sold in these malls.
The Center will also request the states to sell such products from other states as well.
Currently, there is a Unity Mall operating near the Statue of Unity at Ekta Nagar in Kevadia, Gujarat.
What is ODOP?
One District, One Product (ODOP) is a government initiative aimed at making regional products more accessible by providing capital to producers.
Under the scheme, the state identifies the main product for a district, and then provides assistance for its processing, storage and marketing.
These products can be perishable agricultural products, grain-based products or food products such as mangoes, potatoes, meat and fish.
What is GI?
Geographical Indication (GI) tags are usually given to well-known products coming from a particular region.
These products also include agricultural products, manufactured goods or other food items including prepared dishes.
Basically it is like branding a particular product.
For example, the GI tag for Darjeeling tea has been given to Darjeeling.
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