The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved a new Scheme, Prime Minister’s Development Initiative for North East Region (PM-DevINE) for the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26.
The cabinet has stated that Pm-DevINE has been announced to address the of Basic Minimum Services (BMS) shortfalls and the critical development gaps in the region. The scheme 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 new Scheme is a Central Sector Scheme with 100% Central funding and will be implemented by Ministry of Development of North Eastern Region (DoNER) through North Eastern Council or Central Ministries/ agencies.
The PM-DevINE Scheme will have an outlay of Rs 6,600 crore for the four-year period from 2022-23 to 2025-26 (remaining years of 15th Finance Commission period).
The cabinet also informed that efforts will be made to complete the PM-DevINE projects by 2025-26 so that there are no committed liabilities beyond this year. This implies front-loading of the sanctions under the Scheme in 2022-23 and 2023-24 primarily. While expenditure would continue to be incurred during 2024-25 and 2025-26, focused attention will be given to complete the sanctioned PM-DevINE projects.
To limit construction risks of time and cost overrun, falling on the Government projects would be implemented on Engineering-procurement-Construction (EPC) basis, to the extent possible.
The objectives of PM-DevINE are to fund infrastructure convergently, in the spirit of PM Gati Shakti; support social development projects based on felt needs of the NER; enable livelihood activities for youth and women; and fill the development gaps in various sectors.
Grateful to @MDoNER_India for the initiative and to the Hon’ble @PMOIndia Shri @narendramodi ji for the revolutionary PM-DevINE scheme. It is an affirmation for development and prosperity of the northeast region. #CabinetDecisions https://t.co/4DxpP7kXQd
— Neiphiu Rio (@Neiphiu_Rio) October 12, 2022
