The Centre on Tuesday announced a new development initiative for the Northeast in the 2022-23 Union budget with an initial allocation of Rs 1,500 crore of which Mizoram has bagged the lion’s share of around Rs 600 crore.
The new scheme, Prime Minister’s Development Initiative for NorthEast (PM-DevINE), announced by Union minister for finance and corporate affairs, Nirmala Sitharaman, will not be a “substitute” for existing central or state schemes but “priority” will be accorded to projects proposed by the states.
To be implemented through the North Eastern Council (NEC), the nodal agency under the ministry of the Development of North Eastern Region (DoNER) for the economic and social development of the region.
