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Centre okays 30 per cent funds for NEC projects

By The Assam Tribune

NEW DELHI, Jan 29 - The Centre on Wednesday approved allocation of 30 per cent funds of the North Eastern Council (NEC) for new projects for focused development of deprived areas and neglected sections of society.

The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.

As per the plans, allocation of 30 per cent of NEC funds will be for new projects under the existing �Schemes of North Eastern Council� for focused development of deprived areas; deprived or neglected sections of society and emerging priority sectors in the northeastern states.

The balance allocation shall be bifurcated in the existing two components � state component of 60 per cent and Central component of 40 per cent, according to an official statement.

There will be a revision of the NEC guidelines for simplification of appraisal and approval mechanism.

The projects will be allowed under state component, up to 25 per cent of each state�s normative allocation, for sectors not covered in the mandate of NEC, but which are considered important as per local felt needs as per recommendations of the state governments.

The projects under the existing �Schemes of NEC� will accrue socioeconomic benefits to the marginalised and vulnerable groups of people in backward and neglected areas of the northeastern states.

It will lead to faster decision-making and quick implementation of projects, the statement said. � PTI

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Centre okays 30 per cent funds for NEC projects

NEW DELHI, Jan 29 - The Centre on Wednesday approved allocation of 30 per cent funds of the North Eastern Council (NEC) for new projects for focused development of deprived areas and neglected sections of society.

The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.

As per the plans, allocation of 30 per cent of NEC funds will be for new projects under the existing �Schemes of North Eastern Council� for focused development of deprived areas; deprived or neglected sections of society and emerging priority sectors in the northeastern states.

The balance allocation shall be bifurcated in the existing two components � state component of 60 per cent and Central component of 40 per cent, according to an official statement.

There will be a revision of the NEC guidelines for simplification of appraisal and approval mechanism.

The projects will be allowed under state component, up to 25 per cent of each state�s normative allocation, for sectors not covered in the mandate of NEC, but which are considered important as per local felt needs as per recommendations of the state governments.

The projects under the existing �Schemes of NEC� will accrue socioeconomic benefits to the marginalised and vulnerable groups of people in backward and neglected areas of the northeastern states.

It will lead to faster decision-making and quick implementation of projects, the statement said. � PTI

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