In News
- A new scheme, Prime Minister’s Development Initiative for North-East( PM-DevINE) was announced by the Union Minister for Finance & Corporate Affairs while presenting the Union Budget 2022-23.
About PM-DevINE
- It will be implemented through the North-Eastern Council.
- North-Eastern Council (NEC) is the statutory body established after amending the North-Eastern Council Act, 1971 in the year 2002. It is the nodal agency for economic and social development of 8 North Eastern Region States.
- The Home Minister is the ex-officio chairperson of the Council. The DoNER Minister is the Vice-Chairman. The council has Governors and Chief Ministers of all eight northeastern states as its members.
- 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 the felt needs of the North-East.
- 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.
- Objectives:
- To fund infrastructure and social development projects in the North-East.
Source: PIB
