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Agartala, Feb 1 (PTI) Tripura Chief Minister Biplab Kumar Deb on Tuesday hailed the Union Budget for the 2022-23 fiscal, asserting that it is an embodiment of Prime Minister Narendra Modi’s promises to fulfil the aspiration of people and has been drafted with the “vision of making a new India”.<\/p>\n
He also said the proposed scheme – Prime Minister’s Development Initiative for North East Region – will help boost infrastructure and social development of all the states in NE.<\/p>\n
“Gratitude to Hon PM Shri @narendramodiJi & Hon FM @nsitharamanJi for the Development Initiative for the NE, a scheme in the spirit of PM Gati Shakti to fund social development projects in NE. It will further develop the region & make it the Ashtalakshmi of the country’s economy,” Deb said on Twitter.<\/p>\n
Union Finance Minister Nirmala Sitharaman said the new PMDevINE scheme would be implemented through the North-Eastern Council and an initial allocation of Rs 1,500 crore would be made.<\/p>\n
She also mentioned that it would not be a substitute for existing central or state programmes.<\/p>\n
“Budget presented by the Hon FM @nsitharamanJi is an embodiment of Hon PM Sh @narendramodi Ji’s promises of fulfilling the aspiration of all Indians & has been drafted with the vision of making a New India. A pro-farmer & pro-poor budget that will benefit all sectors of economy…. It has the essence of #SabkaSathSabkaVikas and will pave the way forward for an Aatmanirbhar Bharat,” the CM said on the microblogging site.<\/p>\n
He stated that the PM Gati Shakti Master Plan will strengthen the COVID-affected economy and boost the pace of development in the country.<\/p>\n
“PM Gati Shakti” driven by seven engines, namely roads, railways, airports, ports, mass transport, waterways, and logistics infrastructure, is a transformative approach for economic growth and sustainable development.<\/p>\n
The scope of “PM Gati Shakti National Master Plan” will encompass the seven engines for economic transformation, seamless multimodal connectivity and logistics efficiency, the FM said in her budget speech.<\/p>\n
The economy has shown a “strong resilience to come out of the effects of the pandemic with high-growth”, he said.<\/p>\n
Deb also welcomed the allocation of Rs one lakh crore for FY23 to assist the states in catalysing overall investments in the economy.<\/p>\n
These 50-year interest-free loans are over and above normal borrowings allowed to the states,” he said, adding that it will help tide over the financial constraint.<\/p>\n
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