Union Cabinet approves North East Special Infrastructure Development Scheme
The Union Cabinet approved new Central Sector Scheme of North East Special Infrastructure Development Scheme” (NESIDS) from 2017-18. It will be 100% funded by Central Government to fill up gaps in creation of infrastructure in specified sectors in North east till March, 2020.
Features of NESIDS
The scheme will broadly cover creation of infrastructure under following sectors (i) Physical infrastructure relating to water supply, power, connectivity and specially the projects promoting tourism. (ii) Infrastructure of social sectors of education and health.
Benefits of NESIDS
The assets to be created under NESIDS will not only strengthen education and health care facilities in northeast region but will also encourage tourism thereby employment opportunities for local youth. The scheme will act as catalyst in overall development of north east region in the years to come.
Non Lapsable Central Pool of Resources (NLCPR) Scheme
The Union Cabinet also approved continuation of existing Non Lapsable Central Pool of Resources (NLCPR) scheme till March, 2020 with funding pattern of 90:10. It will have outlay of Rs.5300.00 crore and will enable completion of ongoing projects.
Its broad objective is to ensure speedy development of infrastructure in the North Eastern Region and Sikkim by increasing flow of budgetary financing for specific viable infrastructure projects and schemes in the region.
The Ministry for Development of Northeastern Region (DoNER) allocates funds from NLCPR to various Northeast states for infrastructure projects. The ministry allocates funds under two schemes viz. NLCPR (State) and NLCPR-Central for which annual budgetary allocations are provided in normal budgetary process.
Categories: India Current Affairs 2018