PM-DevINE Scheme


    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