Prime Minister’s Development Initiative for North Eastern Region (PM-DevINE), was announced as a new Central Sector scheme, with 100% Central funding, in the Union Budget 2022-23 with initial list of seven projects and an initial allocation of Rs. 1500 crore.
The approval of the Cabinet was accorded for the PM-DevINE scheme on 12 October,2022. The scheme has an outlay of Rs.6,600 crore for the 4 year period from 2022-23 to 2025-26 (remaining years of the 15th Finance Commission period).
The objectives of PM-DevINE scheme are to: (i) fund infrastructure convergently, in the spirit of PM GatiShakti; (ii) support social development projects based on felt needs of the NER; (iii) enable livelihood activities for youth and women; and (iv) fill the development gaps in various sectors.
Keeping in view the objectives of the scheme, eleven projects amounting to Rs 1503.44 crore including the seven projects announced in Budget 2022-23, have been selected for sanction in FY 2022-23 and an amount of Rs 121.10 crore has been disbursed. State-wise, project wise list of projects approved during FY 2022-23.
The time frame defined for PM-DevINE scheme projects is 2023-24 for sanction and 2025-26 for completion.
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