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Dimapur (Nagaland), Aug 24 (PTI) Union Finance Minister Nirmala Sitharaman on Wednesday said that Nagaland requires exposure to get investment and needs hand-holding in terms of resources.<\/p>\n
On the third and last day of her visit to the North-eastern state, Sitharaman said the central government has taken various steps to develop infrastructure in the region, especially during the period of Covid-19.<\/p>\n
Commending Chief Minister Neiphiu Rio for organising the three-day Corporate Social Responsibility (CSR) and Investment conclave in the state which started on Monday, she said, Nagaland very much requires good exposure to investments.<\/p>\n
The 36 CSR projects announced during the conclave amounting to Rs 38 crore will benefit Nagaland, she said.<\/p>\n
Sitharaman said that Nagaland may also submit capital expenditure projects in any sector up to an amount of Rs 1600 crore to meet any developmental infrastructure requirement.<\/p>\n
The central government has launched the Prime Minister’s Development of Infrastructure for the North East (PM-DevINE) for the development and progress of the eight states of the region, she said.<\/p>\n
An initial allocation of Rs 1500 crore has been made under the scheme, the Union minister said.<\/p>\n
Addressing a press conference in Chumoukedima, she said that under the scheme of Special Assistance to states for capital expenditure, Rs 2100.13 crore was released in the financial year 2020-21 and Rs 2483.77 crore in 2021-22 to the eight North-eastern states in the form of a 50-year interest-free loan.<\/p>\n
Nagaland certainly needs help in terms of resources and the state government may consider taking some steps in the interest of better governance, she said.<\/p>\n
She also said that the tax devolution for Nagaland increased to Rs 13,782 crore in the period of 2014-19 compared to Rs 3,844 crore during 2009-14.<\/p>\n
Grant-and-aid has also gone up to Rs 29,483 crore from Rs 20,812 crore during the same period, Sitharaman said.<\/p>\n
She announced that in 2022-23, the total Finance Commission based grant-in-aid for Nagaland will be Rs 4,773 crore.<\/p>\n
Highlighting some of the measures taken by the Centre for Nagaland, she said it is a challenging state because of the hilly terrain but is now catching up with others following improved funding from the Centre.<\/p>\n
The Union minister inaugurated a dialysis unit at Dimapur District Hospital.<\/p>\n
An honour to have Smt. @nsitharaman inaugurate dialysis centre, a collaborative CSR project, at the District Hospital Dimapur. It is a significant step towards providing comprehensive care to people with renal problems, tweeted Chief Minister Rio.<\/p>\n
She also held a closed-door meeting with Nagaland’s business community at Chumoukedima and visited the Heirloom Naga, a local weaving unit. PTI<\/p>\n
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Dimapur (Nagaland), Aug 24 (PTI) Union Finance Minister Nirmala Sitharaman on Wednesday said that Nagaland requires exposure to get investment and needs hand-holding in terms of resources. On the third and last day of her visit to the North-eastern state, Sitharaman said the central government has taken various steps to develop infrastructure in the region, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-198761","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-east"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/198761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=198761"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/198761\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=198761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=198761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=198761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}