NEW DELHI, Dec 15: A new scheme for infrastructure development in the North-Eastern states with 100 per cent funding by the central government was approved on Friday by the Union cabinet along with a capital investment subsidy amounting to Rs 264.67 crore.
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 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 Committee on Economic Affairs, headed by the prime minister, also approved the capital investment subsidy amounting to Rs 264.67 crore to four industrial units in the North-Eastern Region, including Sikkim, under North East Industrial Investment and Promotion Policy (NEIIPP), 2007. (PTI)
