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FM’s Rs.500 Crore Package For NER

 

A Rs. 500 crore Package for the NER from Social and Infrastructure Development Fund (SIDF) under Ministry of Finance was announced in the Budget Speech of 2008-2009 by Shri P. Chidambaram, Minister of Finance. Following is the extract from Budget Speech of 2008-09 of Finance Minister.

  North Eastern Region

 

40. The North Eastern Region (NER) will continue to receive special attention and enhanced allocations. I propose to provide Rs.1,455 crore to the Ministry of Development of North Eastern Region (DONER). Including that amount, the total Budget allocation for NER, spread over different ministries/departments, will increase from Rs.14,365 crore in 2007-08 to Rs.16,447 crore in 2008-09.

 

41. The North Eastern Region and, especially, Arunachal Pradesh and the border areas face special problems that cannot be tackled in the usual course or through normal schemes. Hence, Government proposes to identify the urgent needs of these areas and address them through a special mechanism. In order to jumpstart the process, I propose to set apart a sum of Rs.500 crore in a fund dedicated for the purpose.

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SIDF, Director