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PM-DevINE Scheme

Posted on February 2, 2022 by admin1  64

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

 
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