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Cabinet approves 30% NEC allocation for new projects


Dimapur, January 29: The Union Cabinet has approved allocation of 30% of North Eastern Council’s (NEC’s) allocation for new projects under the existing ‘Schemes of North Eastern Council’ for focussed development of deprived areas; deprived/neglected sections of society and emerging priority sectors in the North Eastern States.
The balance allocation shall be bifurcated in the existing two components (State component-60% and Central component – 40%).
The Cabinet also revised the NEC guidelines for simplification of appraisal and approval mechanism. It allowed projects under State component, up to 25% 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 the recommendations of the State Governments.
The projects under the existing “Schemes of NEC” will accrue socio-economic benefits to the marginalized and vulnerable groups of people in backward and neglected areas of the NE states. It will lead to faster decision making and quick implementation of the projects, said a PIB release. (Page News Service)