CURRENT AFFAIRS

Detailed explanation-1: -PM-DevINE is aimed at rapid and holistic development of the North- East Region by funding infrastructure and social development projects, based on felt needs of the States. It will strive to fill the gaps in various sectors and will not be a substitute for existing Central and State Schemes.

Detailed explanation-2: -10% Gross Budgetary Support for North Eastern Region About Rs. 3.64 lakh crore have been spent in NER since 2014-15 (upto 30.09. 2022) under 10% GBS.

Detailed explanation-3: -It is a Central Sector Scheme with 100% Central funding. The new scheme, to be implemented during the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26 have an outlay of Rs. 6,600 crore. The PM-DevINE is in addition to the quantum of resources available for the development of the NE region.

Detailed explanation-4: -North-East Region (NER) is one of the backward regions of India characterized by low per-capita income, lack of private investment, low capital formation, inadequate infrastructure facilities, geographical isolation, and inadequate exploitation of natural resources like minerals, hydro power potential, and forests.

Detailed explanation-5: -North East Special Infrastructure Development Scheme” (NESIDS) has been approved by the Government of India as a new Central Sector Scheme on 15.12.