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NDA committed to NE development: MoS Finance

By Correspondent

ITANAGAR, Nov 2 - Union Minister of State for Finance Jayant Sinha today said that the NDA Government is fully committed to the development of the Northeastern States. He was here on a maiden visit to Arunachal Pradesh capital to review status of schemes like Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Mudra Yojana, Atal Pension Yojana and other financial inclusion programmes of the Centre with bankers.

Addressing a press conference here at Banquet Hall after the review meeting, the Union Minister informed that under 14th Finance Commission, Arunachal Pradesh is going to get an amount of Rs 55,897 crore as unconditional fund which is a 500 per cent increase from the previous one and for this financial year, the amount will be about Rs 7,391 crore as compared to last financial year�s Rs 4,466 crore.

He said that this unprecedented flow of Central fund to Arunachal Pradesh is �historic� and �will be a game changer.�

Sinha added that Centre has given sufficient money to Arunachal Pradesh more than any other Northeastern States and now it is in the hand of the State Government to utilise it for the development of the State.

He further said that Arunachal Pradesh Government has shown an overdraft of several days which according to him is quite unusual despite having sufficient amount in the treasury. He assured that if there is any financial mismanagement in regard to the overdraft shown then it would be thoroughly investigated.

Further, full support from the Centre in terms of funding under various Centrally Sponsored Schemes (CSS) and the programmes under DoNER will tremendously accelerate the pace of socio-economic growth of this hilly State, he said.

The Union Minister�s visit to the State was a part of his tour of NE to review the status of various CSS and resources provided to NE States and to get insight into the support needed for economic development of the region. Asserting the commitment of the Centre for the speedy development of Arunachal and other NE States, he said the major focus is on stepping up efforts in financial inclusion which is the first pillar of development.

Earlier, the Union Minister had a meeting with Chief Minister Nabam Tuki and Chief Secretary Ramesh Negi prior to taking the review meeting.

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— Dalai Lama(THIS IS STATIC)

NDA committed to NE development: MoS Finance

ITANAGAR, Nov 2 - Union Minister of State for Finance Jayant Sinha today said that the NDA Government is fully committed to the development of the Northeastern States. He was here on a maiden visit to Arunachal Pradesh capital to review status of schemes like Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Mudra Yojana, Atal Pension Yojana and other financial inclusion programmes of the Centre with bankers.

Addressing a press conference here at Banquet Hall after the review meeting, the Union Minister informed that under 14th Finance Commission, Arunachal Pradesh is going to get an amount of Rs 55,897 crore as unconditional fund which is a 500 per cent increase from the previous one and for this financial year, the amount will be about Rs 7,391 crore as compared to last financial year�s Rs 4,466 crore.

He said that this unprecedented flow of Central fund to Arunachal Pradesh is �historic� and �will be a game changer.�

Sinha added that Centre has given sufficient money to Arunachal Pradesh more than any other Northeastern States and now it is in the hand of the State Government to utilise it for the development of the State.

He further said that Arunachal Pradesh Government has shown an overdraft of several days which according to him is quite unusual despite having sufficient amount in the treasury. He assured that if there is any financial mismanagement in regard to the overdraft shown then it would be thoroughly investigated.

Further, full support from the Centre in terms of funding under various Centrally Sponsored Schemes (CSS) and the programmes under DoNER will tremendously accelerate the pace of socio-economic growth of this hilly State, he said.

The Union Minister�s visit to the State was a part of his tour of NE to review the status of various CSS and resources provided to NE States and to get insight into the support needed for economic development of the region. Asserting the commitment of the Centre for the speedy development of Arunachal and other NE States, he said the major focus is on stepping up efforts in financial inclusion which is the first pillar of development.

Earlier, the Union Minister had a meeting with Chief Minister Nabam Tuki and Chief Secretary Ramesh Negi prior to taking the review meeting.

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— Dalai Lama(THIS IS STATIC)