LM NEWS 24
LM NEWS 24

New Scheme ‘PM-DevINE’ Announced For North-East

A new scheme, Prime Minister’s Development Initiative for North-East, PM-DevINE has been announced by the Union Finance Minister Nirmala Sitharaman while presenting the Union Budget 2022-23 on Tuesday.

The Finance Minister stated that the PM-DevINE will be implemented through the North-Eastern Council. An initial allocation of Rs 1,500 crore will be made for the new scheme. It will fund infrastructure, in the spirit of PM GatiShakti, and social development projects based on felt needs of the North-East.
Sitharaman said that this will enable livelihood activities for youth and women, filling the gaps in various sectors. However, it will not be a substitute for existing central or state schemes. While the central ministries may also pose their candidate projects, priority will be given to those posed by the states.

As per the Finance Ministry, the initial list of projects to be funded under the Scheme includes Establishment of Dedicated Services for the Management of Paediatric and Adult Haemotolymphoid Cancers in North East India, Guwahati (Multi-State), NECTAR Livelihood Improvement Project (Multi-State), Promoting Scientific Organic Agriculture in North East Indian (Multi-State), Construction of Aizawl By-pass on Western Side, Gap funding for Passenger Ropeway system for Pelling to Sanga-Choeling in West Sikkim, Gap funding for Eco-friendly Ropeway (Cable Car) from Dhapper to Bhaleydhunga in South Sikkim, Pilot Project for Construction of Bamboo Link Road at Different Locations in Various Districts in the State of Mizoram among others.

Earlier today, Sitharaman met President Ram Nath Kovind ahead of the Budget presentation. She was accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and other officials from the Ministry.

In an attempt to go green, the Union Budget for 2022-2023 was presented in a paperless format. Sitharaman read out the Budget at the Parliament through a tab, instead of the traditional ‘bahi khata’.

On Monday, she tabled this year’s Economic Survey, centred around the theme of “Agile approach”, which forecasted India’s economy to grow by 9.2 per cent during Financial Year 2021-22 and by 8-8.5 per cent in fiscal 2023 beginning 1 April.

The budget session of Parliament began on Monday with the address by President Ram Nath Kovind to both Houses in the Central Hall.

The first part of the Union Budget Session of Parliament will be held from January 31 to February 11 and the second part of the Budget Session will take place from March 14 to April 8. (ANI)

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