23 Jan, 2024
New scheme announced in Union Budget 2022-23 with an initial allocation of Rs 1,500 crore.Includes an initial list of projects (Annexure-A).
Aims at rapid and holistic development of the North-East Region.Focuses on funding infrastructure and social development projects based on the felt needs of the States.Strives to fill gaps in various sectors without substituting existing Central and State Schemes.
Empowered Committee formed under the chairmanship of the Secretary, Ministry of DoNER.Committee screens, appraises, and recommends project proposals for implementation, also monitoring progress.
Guiding principles for projects include a maximum and minimum sanction amount, avoidance of long-term benefits, and SDG alignment.State governments and Central Ministries propose projects; Concept Papers include SDG justification.
Empowered Committee appraises and recommends projects to the Minister in-charge for approval.AFS issued after approval, and token amount released for project sanction.
Projects awarded through competitive bidding on EPC mode for timely completion.Incentives and penalties based on project implementation record.
Funds released in installments based on project progress and utilization certificates.Completion certificate and utilization certificate required for final fund release.