Center approves ‘Prime Minister’s Development Initiative for North East Region (PM-DevINE) Scheme’
Tags: National Economy/Finance Government Schemes
To boost economic and social development in the North Eastern region the central government has decided to launch a 100% centrally funded scheme Prime Minister’s Development Initiative for North East Region (PM-DevINE). The scheme was approved by the Union Cabinet in a meeting held on 12 October 2022 and chaired by the Prime Minister Narendra Modi.
PM-DevINE, was announced in the Union Budget 2022-23 to address development gaps in the North Eastern Region.
Duration of the Scheme
The scheme will be of four year duration from 2022-23 to 2025-26, which will coincide with the remaining period of the 15th Finance Commission.
Outlay on the scheme
The scheme is 100% centrally funded and the outlay for the scheme is Rs 6,600 crore for the next four years.
Who will implement the scheme?
The Scheme will be implemented by the Union Ministry of Development of North Eastern Region (DoNER) through North Eastern Council or Central Ministries/ agencies.
Objectives of the new Scheme
PM-DevINE will provide support to infrastructure and social development projects which may be larger in size and will also provide an end-to-end development solution instead of isolated projects.
PM-DevINE will lead to creation of infrastructure, support industries, social development projects and create livelihood activities for youth and women, thus leading to employment generation.
The objectives of PM-DevINE are to:
(a) Fund infrastructure convergent, in the spirit of PM Gati Shakti;
(b) Support social development projects based on felt needs of the NER;
(c) Enable livelihood activities for youth and women;
(d) Fill the development gaps in various sectors.
North Eastern States in India
Arunachal Pradesh, Assam, Meghalaya, Mizoram, Manipur, Tripura, Nagaland and Sikkim.
Union Ministry for Development of North Eastern Region: Kishan Reddy
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