Centre approves infra infrastructure development for North East with 100% funding
A new scheme for infrastructure development in the northeastern states with 100 per cent funding by the central government was approved by the Union cabinet along with a capital investment subsidy amounting to Rs 264.67 crore.
The Union Cabinet, chaired by Prime Minister Narendra Modi, also approved the continuation of the existing Non-Lapsable Central Pool of Resources (NLCPR) scheme with funding pattern of 90:10 till March, 2020, with an outlay of Rs 5,300 crore to enable completion of ongoing projects, an official statement said.
The cabinet approved the introduction of new central sector scheme of North East Special Infrastructure Development Scheme (NESIDS) from 2017-18 with 100 per cent funding from the central government to fill the gaps in creation of infrastructure in specified sectors till March, 2020.
The new scheme will broadly cover creation of infrastructure relating to water supply, power, connectivity and especially the projects promoting tourism, social sectors of education and health, the statement said.
The assets to be created under the new scheme of NESIDS will not only strengthen healthcare and education facilities in the region, but will also encourage tourism, thereby providing employment opportunities to the local youth.
The scheme will act as a catalyst in overall development of the region in the years to come, it said.
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02-2026
